In the newly released strategy, it plans to enhance efforts regarding its submarine cable and rare-earth magnet business for its continuous growth. LS Eco Energy manufactures extra-high-voltage cables. The facility in Việt Nam is the first overseas production base of LS Cable & System and has become the leading cable company in Việt Nam. LS Eco Energy plans to complete selecting investment locations for the submarine cable plants in Việt Nam and Europe this year and start construction soon. In Việt Nam, a production site is set to be established under the partnership with the Petrovietnam Technical Services Corporation (PTSC).

Source: Viet Nam News June 01, 2024 10:20 UTC