Taihan Cable wins 120 bln-won HVAC system order in U.S.

South Korea's second-largest cable manufacturer, Taihan Cable & Solution Co., announced on Thursday that it has secured a 120 billion-won ($89 million) contract to supply a high-voltage cable system in the United States. The turnkey deal was awarded by an unidentified U.S. power network operator, who will be responsible for the entire project, encompassing engineering, manufacturing, installation, and testing.

The demand for large-scale turnkey cable projects in the U.S. is experiencing a surge, fueled by the rapid growth of the artificial intelligence (AI) industry and heightened investments in data centers. According to a company official, this order is indicative of the expanding opportunities for Taihan Cable in the U.S. market. The company remains committed to exploring further business prospects in the United States to cater to diverse customer requirements.

As of June 30, Taihan Cable had a cable order backlog valued at 4.06 trillion won ($3.03 billion), reflecting the company's strong position in the industry.