This undated file photo provided by LS Eco Energy shows its plant in Vietnam, LS-VINA Cable. (Image courtesy of Yonhap)
SEOUL, March 10 (Korea Bizwire) — LS Cable & System Ltd., South Korea’s biggest cable company, said Monday its unit has received a power cable supply deal in the Philippines.
LS Eco Energy will supply mid-voltage and high-voltage cables to an internet data center (IDC) located in the STT Fairview Campus, a data center cluster of local companies in Manila, the company said in a press release.
The company did not provide other details, including the contractor’s name and the value of the deal.
The ordered cables will be produced at the company’s plant in Vietnam, LS-VINA Cable, the release said.
Southeast Asia’s IDC market is expected to grow by an annual average of 10 percent from US$8.8 billion in 2023 through 2028, it said.
LS Eco Energy produces extra-high voltage cables in its Vietnam plant and accounts for 80 percent of the local cable market. It also exports Vietnam-made cables to neighboring Asian countries, Europe and North America.
LS Cable owns a 67 percent stake in LS Eco Energy.
(Yonhap)
