NEWS PRGroundbreaking Ceremony for Submarine Cable Offshore Plant in Dangjin
Groundbreaking Ceremony for Submarine Cable Offshore Plant in Dangjin, Chungcheongnam-do: Accelerating Offshore Wind Power ProjectsTaihan announced that on December 9, 2022, it hosted a groundbreaking ceremony for a submarine cable offshore plant in the Asan National Industrial Complex, located in Dangjin City, Chungcheongnam-do. Taihan's submarine cable offshore plant will be constructed on a site of approximately 44,800 m2 (11.07 acres) near the Go-dae Pier at Pyeongtaek-Dangjin Port. This location is strategically placed within a 10-minute drive from Taihan's main production facility, the Dangjin Plant, ensuring the improved efficiency of construction, operations, and management by leveraging the existing infrastructure and resources of the plant. Taihan confirmed the suitability of this site for the submarine cable offshore plant construction in February 2022 and has since then fast-tracked the land acquisition, plant design, and major equipment procurement processes, etc. Construction commenced in December 2022, with completion planned for the second half of 2023. Taihan aims to use the submarine cable offshore plant as a strategic base to capture a significant share of the rapidly expanding global offshore wind power market.
NEWS PRTaihan participates in “CIGRE 2022” in France
Taihan participates in “CIGRE 2022” in France.Taihan participated in the most prestigious international event in the electric power field, showing its determination to grow its business in the market.The company joined the “CIGRE Session 2022,” which got under way for across six days from August 28 to September 2 in Paris, France, to showcase outcomes from its extra-high-voltage projects and also some of its strategically important products. At the exhibition, Taihan presented its flagship products as well as strategic products such as extra-high-voltage cables of various voltages, including 500kV, submarine cables, and high-voltage direct current (HVDC) transmission solutions, which helped attract the attention of visitors at the CIGRE.Moreover, the company highlighted its competitiveness in the global market by disclosing results from orders it received in multiple European countries such as the UK, the Netherlands, Denmark, and Sweden since its entry into Europe in earnest back in 2017. Taihan also shared updates on projects in the US market as well.
NEWS PRTaihan participates in the Energy Networks(EN) and Seoul International Electric Fair and Power Gener
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.
NEWS PRDangjin chosen for Taihan’s new submarine cable plant, soon to begin construction in earnest
Dangjin chosen for Taihan’s new submarine cable plant, soon to begin construction in earnestTaihan has confirmed a site for its new submarine cable plant - the Godae District at the Asan National Industrial Complex in Dangjin-si, Chungcheongnam-do. Dangjin, Chungcheongnam-do, is already home to Taihan’s Dangjin plant, the company’s main production hub, and was considered the most likely candidate for its new factory since early on in the site selection process. It offered the advantage of being able to access the human and physical resources and infrastructure already available at the company’s existing production facilities while building, managing, and operating the new factory. With a sizable investment, Taihan plans to build a factory capable of producing 66kV internal network cables and 154kV external network cables by 2023. Thereafter, the company will look to gradually expand its product lineup to 345kV external network submarine cables and HVDC (EHV direct current transmission) submarine cables, and also secure the appropriate construction capacity. By doing so, Taihan will focus its capabilities to establish itself as a company specializing in offshore wind power solutions.
BUSINESS productSubmarine Cable
A submarine cable is installed on the seabed to transport power between two points across the sea. Taihan has made continuous efforts to develop submarine cables, and as a result, has succeeded in developing a 33kV submarine distribution cable. In order to spur on our efforts to meet the growing demand for offshore wind power generation, Taihan will be constructing a coastal plant in Dangjin, dedicated to manufacturing submarine cables.
NEWS PRPushes to establish a new plant to produce submarine cables
Pushes to establish a new plant to produce submarine cablesTaihan is promoting to establish a new plant to expand its submarine cable business. Preparations have also begun to establish an offshore plant that can produce large-scale submarine cables, and with the production that will start in earnest in 2022, Taihan plans to actively respond to the expansion of offshore wind power. Taihan will focus on building Internal-array Cable facilities as its top priority. The Internal-array Cable connects the wind turbines to the marine substations through a turbine, and has the advantage of low facility investment costs and entry barriers compared to the External Cable connecting marine substations and land substations. As the larger the offshore wind power complex grows, the more the Internal-array Cable is used, business feasibility is expected to continue to increase in line with the expansion trend of offshore wind power projects.