South Korean Taihan Cable & Solution Invests $360 Million in New Submarine Cable Plant
South Korean Taihan Cable & Solution is investing $360 million for the first phase of construction of its second submarine cable manufacturing facility, which will significantly increase the company’s production capacity.
Taihan opened the first phase of its initial submarine cable plant in May 2024, producing inter-array cables. The new plant, located in the Godae District of the Asan National Industrial Complex in Dangjin, will cover approximately 215,000 square meters and focus on HVDC and HVAC submarine cables.
The investment decision aims to meet the growing global demand for submarine cables, especially in the offshore wind power market. The first phase of the new plant is expected to be operational by 2027, with plans for further expansion in the future.
Taihan’s Vice Chairman, Song Jong-min, stated, “By moving forward with the construction of submarine cable plant 2, we are not only responding to the growing demand for HVDC submarine cables but also positioning ourselves to actively participate in the expanding ‘West Coast Energy Highway’ project.”
The company’s investment underscores its commitment to enhancing national competitiveness and contributing to energy security through advanced submarine cable technology.
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