Gaon Cable Enters U.S. Transmission Grid Market, Plans Local Production of Overhead Lines

[Financial News] Gaon Cable is expanding its North American power infrastructure business by entering the U.S. transmission grid market.
Gaon Cable said on the 29th that LSCUS, its U.S. production subsidiary, is pursuing an investment in overhead-line production facilities. Through this effort, it plans to expand its U.S. business, which has been focused on distribution, into transmission.
LSCUS is also expanding its production lines for medium-voltage (MV) and low-voltage (LV) cables. It plans to complete the first phase of the expansion in October this year and the second phase in the first half of next year. The company also plans to build new overhead-line facilities, expanding its local supply network into the transmission grid sector.
The South Korean government's recent decision to prioritize a U.S. gas-fired combined-cycle power project as its first investment project in the United States is also drawing attention. Gas-fired power plants use LV cables for internal power supply, while MV cables connect power plants and substations. Transmission grids are also needed to deliver generated electricity to end users. Gaon Cable appears to be seeking to address power infrastructure demand ranging from the inside of power plants to transmission grids by expanding its locally produced product lineup.
Because power plants and electricity demand centers are often far apart in the United States, overhead lines installed on transmission towers are widely used. According to the Edison Electric Institute (EEI), U.S. utilities plan to invest approximately $178 billion in transmission grids from 2025 through 2028. The expansion of AI data centers and advanced manufacturing, along with the connection of new power generation sources, are cited as the main drivers of this investment.
Gaon Cable currently supplies LV cables to power plants serving the power grids of AI data centers being built in Texas by U.S. big tech companies. Once overhead-line production begins, its business scope will expand from power grids inside power plants to transmission grids. The company also expects synergies with LS GreenLink's ultra-high-voltage submarine and underground cable business in the future.
The company is also considering entering the nuclear power cable market in preparation for increased investment in nuclear power in the United States. It plans to expand the related business in stages, in line with project schedules and market conditions.
Jeong Hyun, CEO of Gaon Cable, said, "We will expand our push into the U.S. power infrastructure market by strengthening LSCUS-centered local supply capabilities from transmission to distribution."

[email protected] Park Ji-yeon Reporter