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Photo description: A panoramic view of M-TECM-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 2024Taihan 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 Eskom has initiated a long-term strategy to replace outdated facilities and improve grid efficiency, with substantial investments planned over the next five years.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.

The South African production corporation M-TEC of Taihan promotes the advancement of facilities​Taihan promotes the advancement of production facilities of M-TEC, a cable production corporation located in South Africa. MV/LV is a cable that is in high demand, accounting for about 90% of South Africa's underground power market. Through this investment, M-TEC plans to update MV/LV cable production facilities. Above all, M-TEC will extend the CCV (Catenary Continuous Vulcanization) line, which performs the insulation process, and reinforce the production line that specially treats the conductor surface. This investment will be completed by 2023. M-TEC expects to secure production efficiency three times or more compared to the previous production efficiency, and enhance product and price competitive edge by extending the core facilities for MV/LV cables. 

Taihan participates in the Energy Networks(EN) and Seoul International Electric Fair and Power GenerTaihan continues to participate in exhibitions and fairs both in Korea and abroad to showcase the excellence of its products to consumers worldwide. The company joined the Energy Networks (EN) 2022 in Brisbane, Australia, from March 16 to 18 in order to introduce a diverse product lineup and customized solutions, including EHV, MV/LV, and submarine cables. During the same period, it also participated in the 2022 Seoul International Electric Fair and Power Generation Korea (SIEF) in COEX, Seoul. Taihan participated in the IEEE, the largest electric power industry exhibition in the United States, as well, introducing some of its highly competitive offerings in the US, such as the 500kV power grid, which the company installed in North America for the first time ever, alongside extra-high-voltage cables and overhead transmission lines. 

As cables insulated over conductors with cross-linked polyethylene (XLPE), mid/low-voltage cables refer to general power distribution cables from 0.6/1kV to 22.9kV, which provide reliable power mainly for industrial complexes or commercial and residential buildings.

Participated in Bitgram International Exposition of Electric Power Technology (BIXPO) 2021​Taihan participated in Bitgaram International Electric Power Technology Expo (BIXPO) 2021 held at Kimdaejung Convention Center, Gwangju, from November 10 to 12.  At BIXPO, a representative international comprehensive energy expo hosted and supervised by Korea Electric Power Corporation, Taihan introduced its new and renewable energy-related businesses such as submarine cables and solar PV cables oriented to the theme of Carbon Neutrality, and unveiled related products.  Taihan also presented a development process of a new technology in the solution field, such as a Direction-Changeable Laying Device, imprinting its excellent technology on the visitors.