LS Eco Energy announced on Tuesday that its Vietnamese subsidiary, LS-VINA, has secured an annual supply contract with Kitanihon Electric Wire for 6.6-kilovolt CVT distribution cables. This agreement marks LS Eco Energy’s first venture into the power infrastructure market in Japan.
Kitanihon Electric Wire, a subsidiary of Tohoku Electric Power, is a key supplier of distribution cables to major electric utilities across Japan.
The Japanese power infrastructure market is known for its stringent technical standards and rigorous quality control, making it a challenging market to penetrate. LS Eco Energy emphasized that this contract was made possible through close collaboration with its Japanese affiliate, LS Cable & System Japan.
The company views this agreement as a crucial stepping stone for expanding its business operations within Japan and diversifying its product offerings in the region.
“Securing this supply opportunity in Japan, a market with exceptionally demanding technical standards, is a significant achievement,” stated Jang Dong-wook, head of LS-VINA.
“We intend to intensify our efforts in advanced power markets, including Japan, the United States, and Europe, with a focus on high value-added products,” he added.
LS Eco Energy also reported a record-high revenue of approximately 1 trillion won ($680 million) on a provisional basis for 2025. The company anticipates sustained growth momentum this year, fueled by increasing global demand for robust power infrastructure and a rise in exports.
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