LS Cable & System accelerates activities in Chinese market

■ LS Hongqi Cable & System held a conference with 20 reporters from leading electric power news media of China
■ Will record 1.2 billion Yuan in sales, build a research center and expand production facilities in 2011
■ Will extensively strengthen special cable products for wind power generation and mining

On the 22nd, LS Hongqi Cable & System (President: Seon kook Kim), the Chinese subsidiary of LS Cable & System, held a press conference in Beijing with approximately 20 reporters from news media specializing in covering the electric power industry such as China Electricity News, State Grid Corporation of China and China Electronics News. At the conference, President Kim stated, “In 2011 we will achieve 1.2 billion Yuan in sales (approx. $190 million, KRW 200 billion). In addition, we will complete a 500kV level extra high-voltage power cable production facility and a research center within the year and therefore become a leading cable maker in China.”

 

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