PR
Taihan Discusses Construction of EHV Cable Plant in Vietnam’s Đồng Nai Province
- Supporting Vietnam’s power grid expansion
while developing a global production hub
- Establishing Vietnam’s first 400kV manufacturing plant, targeting over USD 100 million in annual exports to Europe and other regions
- Dong Nai Governor: “We appreciate
Taihan’s investment decision and will fully support smooth and timely project
implementation.”
Taihan announced that on September 10, it held discussions with
officials of Dong Nai Province, Vietnam, regarding the construction of an
extra-high voltage (EHV) cable plant by its subsidiary, Taihan Cable Vina.
Dong Nai Province, located near Ho Chi Minh
City in southern Vietnam, is widely recognized as a key industrial hub,
offering strategic geographical advantages, abundant industrial parks, and
strong infrastructure. The province has become central to Vietnam’s manufacturing industry and power infrastructure investments.
The meeting was attended by Joon-seok Kim,
Executive Vice President of Taihan, Eung-seo Kim, Managing Director of
Corporate Planning, and Seung-ho Choi, President of Taihan Vina. They met
with Governor Vo Tan Duc and other provincial officials to present Taihan’s
investment plan, including the economic benefits for the region, while also
discussing administrative procedures and infrastructural support to ensure the
project’s successful and timely completion.
Governor Vo Tan Duc stated, “This investment
is a very meaningful decision that will make a significant contribution to the
expansion of Vietnam’s transmission and distribution network. Dong Nai Province
will provide active support to ensure that Taihan Cable Vina’s project proceeds
without delay.”
On August 13, Taihan had announced its plan
to establish Vietnam’s first 400kV-class EHV cable manufacturing plant through Taihan Vina. The project involves a total investment of
approximately KRW 75 billion (USD 55 million) and will be located in the Long
Thanh Industrial Park, where Taihan Vina’s existing high- and
medium/low-voltage plants are based. Construction is scheduled to commence in
the first half of 2026, with operations to begin in 2027.
With the new plant, Taihan Vina aims to
respond to the increasing demand for EHV cables in Vietnam while significantly
expanding exports to Europe, the Americas, and ASEAN markets. The company
targets achieving annual overseas sales exceeding USD 100 million and plans to
hire over 100 additional employees, adding to its current workforce of about
300.
A Taihan spokesperson commented, “By
working in close partnership with Dong Nai Province, we will ensure the timely
and seamless construction of the plant, supplying high-quality,
high-performance cables that contribute to Vietnam’s infrastructure
development. With this investment, Taihan Vina will grow into a global hub for
EHV cable production, following the success of our Dangjin Cable Plant in
Korea.”
Founded in 2005 and headquartered in Ho Chi Minh City, Taihan Cable Vina currently employs around 300 people and produces a wide range of products, including high-, medium-, and low-voltage cables and overhead conductors. To meet the rising demand in the global market, the company has steadily expanded its facilities and invested in technology, achieving annual sales of approximately KRW 140.3 billion (USD 104 million) last year.
