LS Cable wins 100 bln-won cable order from Singapore
SEOUL, June 5 (Yonhap) -- LS Cable & System, the world's third-largest wire and cable maker by sales, said Friday it has received a 100 billion won (US$82 million) power cable order from Singapore.
Under the deal, LS Cable will deliver 400-kilometer-long cable to the Singapore Power Grid by the end of 2021 for power transmission and distribution, the company said in a statement.
LS Cable is the biggest cable provider in Singapore, accounting for 60 percent of the Southeast Asian country's 200 billion-won high-voltage cable market, a company spokeswoman said.
This photo, provided by LS Cable & System, shows LS Cable workers at the company's plant in Gumi, 260 kilometers south of Seoul. (PHOTO NOT FOR SALE) (Yonhap)
kyongae.choi@yna.co.kr
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