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M-TEC, Taihan’s African Subsidiary, Secures KRW 52 Billion Power Grid Project in South Africa
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M-TEC, Taihan’s African Subsidiary, Secures KRW 52 Billion Power Grid Project in South Africa
- Commissioned by Eskom, the public utility; to supply MV/LV cables and overhead lines
- M-TEC to participate in mid- to long-term tenders aligned with South Africa’s national energy plan
- Production expansion and quality enhancement completed in H1 2024
Taihan is accelerating its expansion into Africa’s power infrastructure market through its South African subsidiary, M-TEC.
M-TEC has secured a power grid supply contract valued at approximately KRW 52 billion. The project, commissioned by Eskom, South African electricity public utility., involves the supply of medium- and low-voltage (MV/LV) cables and overhead lines.
This initiative is part of a national infrastructure plan to stabilize the country’s power grid. Eskom has initiated a long-term strategy to replace outdated facilities and improve grid efficiency, with substantial investments planned over the next five years. M-TEC plans to actively participate in Eskom’s upcoming mid- to long-term tenders.
Founded in 2000 as a joint venture by Taihan, M-TEC has successfully delivered numerous infrastructure projects across South Africa, earning recognition for its product quality and execution capabilities. In 2024, the company posted record results, with revenue reaching KRW 123.5 billion—up over 33% YoY—and operating profit more than doubling to KRW 8.8 billion.
Taihan is positioning M-TEC as a strategic production base for supplying power infrastructure across Africa. The company recently completed the expansion of its MV/LV cable production facilities and quality enhancement initiatives, which began in the second half of 2023.
A Taihan representative stated, “South Africa is the continent’s largest economy with highly developed financial and industrial infrastructure. As investments in power and infrastructure gain momentum, we are leveraging M-TEC’s local presence, proven track record, and strong network to become a central hub for power infrastructure across Africa.”
Meanwhile, Taihan recently welcomed Ms. Sindiswa Mququ, Ambassador of South Africa to Korea, to its Dangjin Cable Plant to explore further cooperation and business expansion opportunities in the region. The company continues to enhance its global production capacity and regional presence to meet rising global electricity demand, with a particular focus on Africa and other emerging markets.
※ About M-TEC: Established in 2000 as a joint venture by Taihan, M-TEC is a South African manufacturer and supplier of various power cables. It operates a 90,000㎡ production facility consisting of five buildings and employs approximately 350 personnel.
