대한전선

Taihan secures a KRW 41 billion contract for an extra-high-voltage power grid project in the United States 

On September 26, Taihan announced that it had successfully secured a 230kV extra-high-voltage power grid project from a power company in Virginia on the East Coast of the United States. At KRW 41 billion, the project, which involves an expansion of the underground power grid system in the Virginia area, is the largest contract Taihan has been able to secure since 2017 when it opened its branch office on the East Coast.

Including this latest contract, Taihan has been awarded a total of KRW 170 billion in deals in the United States as at the end of August this year. This is triple the sum total of the amount Taihan was able to secure over the same period last year, and the best since Taihan began its operations in the United States back in 2000.

Executives at Taihan point to the company’s more robust sales force and diversification of its products as the engine behind the company’s rapid growth. In 2017, Taihan opened its US East Coast branch office, expanding its sales reach from the West Coast to the entire country. This enabled sales representatives to work closely with local market stakeholders and deliver better sales. Starting last year, Taihan also expanded and diversified its range of products from the existing extra-high-voltage underground cables to extra-high-voltage overhead cables and middle-voltage/low-voltage cables.

This year (as of August), Taihan secured orders worth KRW 70 billion in total from the East Coast, including New York and Florida, while securing orders worth KRW 100 billion in total from the West Coast, including San Francisco and Los Angeles, by August. In terms of product types, Taihan successfully won contracts for power cables of various voltages ranging from middle-voltage/low-voltage cables to 69kV, 138kV, and 230kV cables.