WiredInUSA March 2016

INDEX

Reaching into the US market

Oiling the wheels of export

Korea’s LS Cable & System has been awarded contracts totaling $100 million for undersea cable projects in the US and Canada. The company will provide undersea cables to the New York power authority, and to Canada’s eastern province of Prince Edward Island. The average lifecycle for an undersea cable is between 30 and 50 years, so the company perceives huge potential in the US, with increasing demand to replace the country’s older power cables. “We have a strong foothold in the Asian market, and aim to diversify our revenue channels, not just into North America, but into Europe and Africa too,” an LS Cable official said. The company recently won a $57 million contract to supply 345kV underground power transmission cables to an American company. LS Cable & System operates what is believed to be Asia’s largest undersea cable manufacturing facility in Gangwon Province, where it produces power transmission cables, undersea cables and electrical components.

Lubricants developer and manufacturer Metalube is continuing its global expansion with the opening of Metalube Arabia, its new office in Dubai. The new operation will be headed by Nick Pomeroy, who has worked in the region for the past ten years. He said: “This is an exciting time for Metalube with the launch of a range of new products. One of the key areas in the region that we are focusing on is the oil and gas industry. It is so positive to work with an organization that understands the importance of having a real and physical presence in the countries where it exports.” Metalube manufactures a range of non-ferrousdrawingoilsandmaintenance lubricants, as well as a variety of corrosion protection and forming oils, and already has offices in China, India and Brazil.

ASIA / AFRICA NEWS

wiredInUSA - March 2016

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