LS Cable & System wins two contracts from Qatar worth $102 million

LS Cable & System (CEO & Chairman: Christopher Koo) announced on the 5th that the company had won two contracts worth a total of $102 million (approx. KRW 112 billion) to supply power cables. The company will supply 220kV level extra high-voltage transmission cables worth $91 million (approx. KRW 100 billion) to the Qatar General Electricity & Water Corporation, and deliver large-capacity electric transmission 1,000V bus ducts worth $11 million (approx. KRW12.1 billion) to the Public Works Authority of Qatar for the Hamad Medical City project. These are the first meaningful contracts won from the Middle East since the Jasmine Revolution. It is expected that these projects will lead to sustainable revenue growth in the Middle East where the company has been strong in the market.

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