Gaon Cable expands US production capacity amid rising tariffs
Gaon Cable, a subsidiary of LS Cable & System, is gaining a competitive edge in the United States as Washington tightens tariffs on steel, aluminum and copper-related products, with its local manufacturing base helping it reduce tariff exposure and navigate supply chain uncertainties. The company is expanding its U.S. production capacity while broadening its business from artificial intelligence…
Gaon Cable, a subsidiary of LS Cable & System, is strengthening its position in the U.S. market as Washington imposes higher tariffs on steel, aluminum, and copper-related products. By expanding its local manufacturing base, the company aims to mitigate tariff exposure and navigate potential supply chain disruptions. Gaon Cable is focusing on developing its business beyond artificial intelligence (AI) data centers and venturing into power transmission networks and power plants, anticipating a surge in demand for electricity infrastructure.
The company operates Gaon Cable U.S., its subsidiary responsible for producing products in Tarboro, North Carolina, which supplies power cables and bus ducts to leading global technology companies and AI cloud service providers. To bolster its capacity, Gaon Cable plans to invest around $50 million to add two production lines at the Tarboro facility. This expansion is expected to double its cable production capacity by 2027.
Further growth potential remains on the table, contingent upon receiving new orders and customers' investment strategies. It's anticipated that Gaon Cable's revenue, already valued at approximately $440 billion, will continue to climb.
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- Gaon Cable expands US production capacity amid rising tariffs koreatimes.co.kr
