EoW January 2010

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EuroWire – January 2010 14
corporate news
In September 2009 a chief executive of LS Cable announced that
the company is looking to achieve upwards of 1 trillion won in
sales of subsea cables in 2015, topping the global market now
dominated by three European companies.
“We are targeting 700 billion won to 1 trillion won in revenue
from subsea cable sales in 2015, and to become the global
number one firm in the market that year,” said CEO Son Jong-ho
at the company’s plant in Donghae City, Gangwon Province.
The company has already started production of submarine
cables at the 180 billion won ($148.8 million) plant, the first
of its kind in Korea and the fourth in the world. “A revenue of
700 billion won would give the company about a 35% share in
the global subsea cable market,” Son said.
The global subsea cable market, which amounted to 1.5 trillion
won last year, is expected to grow 24% to 25% annually. Son
expects the increasing renewable energy market to boost
demand for power cables linking offshore wind farms with
mainland. Demand is also rising for submarine cables, he added.
LS is currently working on a 105-kilometre subsea power and
communications cable system to connect Jeju and Jin Islands.
LS Cable – Korea
Website:
LS Cable aims to top
subsea cable sales
wire Southeast Asia 2009 ended on a high note, having
attracted around 5,000 highly relevant trade visitors and
buyers from 57 countries. Approximately 30 per cent of visitors
came from outside Thailand, with a significant number of
visitors travelling from China, India, Japan, South Korea and the
Middle East.
A total of 305 companies from thirty countries exhibited at
the three-day show, with national pavilions for exhibitors from
Austria, China, France, Germany, Italy, Singapore and the USA.
Joachim Schaefer, managing director of Messe Düsseldorf
GmbH, commented: “Despite the global economic downturn,
many companies have not lost sight of their intention to
penetrate the regional markets of Asia, in particular the
southeast Asian region.”
Following the success of the 2009 event, wire Southeast Asia
will return to Bangkok in autumn 2011.
Messe Düsseldorf Asia Pte Ltd – Singapore
Fax: +65 6332 9655
Email:
Website:
Show a success, despite
the gloom