Gaon Cable Enters U.S. Nuclear Power Cable Market, Eyes Early Lead in Local Market
TECHWORLD ·
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Gaon Cable is entering the U.S. nuclear power cable market.
Its U.S. manufacturing subsidiary, LSCUS, plans to establish nuclear power cable production facilities at its factory in Taboro, North Carolina.
The plan is a move to build a local supply base in preparation for the expansion of the U.S. nuclear power and small modular reactor (SMR) markets.
Gaon Cable is entering the U.S. nuclear power cable market. On the 12th, Gaon Cable announced that its U.S. manufacturing subsidiary, LSCUS, plans to establish nuclear power cable production facilities at its factory in Taboro, North Carolina. The move is aimed at building a supply base in the U.S. through its local subsidiary.
The plan is a strategy to prepare for the expansion of the U.S. nuclear power and small modular reactor (SMR) markets and to secure a local supply system in advance. Gaon Cable intends to lay the groundwork for local supply ahead of the expansion of the U.S. nuclear power market.
Gaon Cable is currently operating a transmission network business based on overhead conductors. It plans to add nuclear power cables to expand its locally produced product lineup and strengthen its push into the U.S. power infrastructure market. It will also pursue expansion in the North American power infrastructure business.
LSCUS plans to pursue related certifications based on Gaon Cable's expertise in special cables. It also plans to work with domestic nuclear power companies to promote entry into the local supply chain. This was presented as a follow-up step for entering the local supply chain.
Gaon Cable said it expects opportunities for local equipment suppliers to expand as the U.S. nuclear power market grows and Korean companies' participation in U.S. projects gains momentum. It sees supply opportunities increasing as the growth of the U.S. nuclear power market aligns with Korean companies' participation in local projects.
Gaon Cable plans to aggressively target the U.S. nuclear power market based on its experience producing a wide range of power and control cables and LSCUS's local production base. Through this, it is moving to enter the U.S. nuclear power cable market and strengthen its push into the U.S. power infrastructure market.
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Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408014
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Source: TECHWORLD
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