The move marks the first major US manufacturing project initiated by a Korean company under Donald Trump’s second presidency, as companies reassess their US strategies in response to renewed trade pressure and evolving industrial policies.“The construction of the plant is a turning point for LS Cable to leap forward as a global energy infrastructure company,” Koo Bon-kyu, chief executive of LS Cable & System, said during the groundbreaking ceremony.“We will respond to the rapidly increasing demand for submarine cables based on our world-class manufacturing infrastructure.”LS Cable emphasized the strategic significance of boosting local production capabilities in a market with limited subsea cable infrastructure.
Potential new tariffs on copper – a key raw material for cable production –also pose risks.“Tariffs could be an issue,” said LS Cable CEO Koo at a press briefing.“But given the limited manufacturing capacity for such cables in the US, we believe market demand will remain strong even with price adjustments.”By Sang-eun Lucia Leeselee@hankyung.comIn-Soo Nam edited this article.
WASHINGTON, D.C.– LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, has broken ground on its first subsea cable manufacturing facility in the US, aiming to strengthen its foothold in the critical energy infrastructure market and pre-empt supply chain challenges amid a shifting US trade environment.
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