Taihan Cable partners with Saudi company to produce high voltage power cables

Lim Chang-won Reporter() | Posted : March 10, 2022, 11:00 | Updated : March 10, 2022, 11:00

[Courtesy of Taihan Cable & Solution]

SEOUL -- Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, will build a joint venture plant in Saudi Arabia to produce high voltage power cables as part of a strategy to secure competitiveness through the localization of production amid growing protectionism and rising logistics costs.
 
Under a memorandum of understanding with Mohammed Al-Ojaimi Group, an electrical and wiring contractor in Saudi Arabia, Taihan Cable said that the plant would be built in an industrial park in Riyadh. Starting with Saudi Arabia, Taihan Cable aims to expand the supply of 380 kilovolt-class high voltage power cables to Qatar, Kuwait and Europe. 

"The Middle East is our turf where we have traditionally been strong in securing orders, and we will further solidify our position as a major supplier through localized production," an unnamed Taihan Cable official said in a statement on March 10. Taihan Cable is trying to establish an overseas production network with factores in Vietnam, South Africa, Kuwait, and Saudi Arabia.
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