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#Submarine Cable
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NEWS PRTaihan has signed a MoU with Hanwha Solutions
Taihan has signed a MoU with Hanwha SolutionsOn the 26th of this month, Taihan and Hanwha Solutions entered into an MOU for the joint advancement of the “Global TOP Project.”The purpose of this MOU is to form a strategic partnership geared towards future growth engines. In a bid to emerge as the top tier of global businesses, the partners have committed to working together on product development, commercialization, acquiring certifications, and expanding their market reach. To this end, both parties are determined to provide full support through their respective core capabilities and technological expertise.Together, they will focus on the development and certification of crucial materials, including cross-linked polyethylene (XLPE) insulation used in high-voltage direct current (HVDC) and submarine cables, as well as extra-high-voltage (EHV) cables. The goal is to localize the production of materials and achieve technological independence, thereby enhancing the competitive advantage of Taihan’s cable products.In addition, the companies are set to bolster their cooperation in the eco-friendly energy sector. Through strategic alliances in the offshore wind power and solar energy sectors, they plan to foster tight-knit business and information exchanges while exploring new opportunities.Song Jong-min, Vice Chairman of Taihan, expressed confidence in the company's future prospects, stating, "By forging a strategic partnership with Hanwha Solutions, a leader in the global energy and petrochemical sectors, we anticipate significant improvements in our competitive edge across all business domains." He continued, "In response to the rapidly evolving global market, we aim to elevate national competitiveness and enhance corporate value by leveraging the exceptional technological strengths of both companies, expanding our collaborative efforts to encompass the entire group."
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NEWS PRTaihan’s Submarine Cable Plant Goes Live, Aiming for Global Supply Leadership
[Photo Caption]The inaugural ceremony of the first step of Taihan’s submarine cable plant 1Second from the left : Executive Director Kim Jun-seok of the Taihan Corporate Management Division, Executive Director Kim Min-seong of Hoban E&C, President Kim Dae-heon of the Hoban Group Planning Division, Chairman Kim Seon-kyu of Hoban Group, Vice Chairman Song Jong-min of Taihan, Union Leader Kang Jin-yeon, Executive Director Kim Hyun-joo of the Taihan Production R&D Division. [Photo Caption] The executives attending the ceremony are inspecting the first step of submarine cable plant 1. Taihan’s Submarine Cable Plant Goes Live, Aiming for Global Supply Leadership- First Step of Submarine Cable Plant 1 Completed in May- Hoban Group and Taihan Leadership Present at Plant Opening Ceremony- Vice Chairman Song Jong-min: “Equipped with Production and Installation Capabilities, We Will Dominate the Market as a Game Changer” Taihan Cable & Solution is positioning itself as a key global supplier in the offshore wind power industry, armed with a robust submarine cable production infrastructure. On the 4th of May, Taihan (CEO Song Jong-min), announced the completion of the first step of its submarine cable plant 1 in the Godae district of the Asan National Industrial Complex in Dangjin-si, Chungcheongnam-do. The grand opening of the plant was celebrated the day before, on the 3rd. The ceremony welcomed notable executives in attendance from both Hoban Group and Taihan, including Chairman Kim Seon-kyu of Hoban Group, Vice Chairman Song Jong-min of Taihan, President Kim Dae-heon of the Hoban Group Planning Division, Executive Director Kim Jun-seok of the Taihan Corporate Management Division, Executive Director Kim Hyun-joo of the Taihan Production R&D Division, Union Leader Kang Jin-yeon, and Executive Director Kim Min-seong of Hoban E&C, Ltd. The event featured a tour of the submarine cable production line, a ceremony to mark the commencement of operations at the plant, and several commemorative speeches. The submarine cable plant 1 of Taihan, occupying around 44,800 square meters behind Godae Pier at Pyeongtaek’s Dangjin Port, is being constructed in two phases. The first step, which focuses on producing inter array cables, was finalized and approved this May. After a series of tests and prototype productions, the plant is scheduled to begin full-scale operations starting with the production of inter array cables for the Yeonggwang Nakwol offshore wind power project. In December of last year, Taihan secured a significant contract worth around KRW 100 billion to supply inter array cables for the same project in Yeonggwang-gun, Jeollanam-do. During the inaugural ceremony, Vice Chairman Song Jong-min highlighted the strategic importance of the newly completed facilities, stating, “With the completion of the Step 1 facilities of our submarine cable plant 1, we now have the capacity to satisfy the rapidly increasing annual demand for submarine cables.” He also noted, “With the new acquisition of the CLV(Cable Laying Vessel), we are now further equipped with installation capabilities, positioning us to emerge as a game changer in the global submarine cable industry.” He further emphasized, “We will expedite the construction of the second step of the submarine cable plant 1 and submarine cable plant 2 to build a diverse product portfolio, and, based on this, we will explore and pursue global opportunities.” The second step of the submarine cable plant 1, which includes facilities for the production of export cables, is currently under construction with plans for completion by the first half of 2025. The second submarine cable plant will feature state-of-the-art vertical continuous vulcanization (VCV) facilities for the production of export cables and HVDC cables, and is currently undergoing the final stages of review for site selection.
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NEWS PRTaihan successfully operated the booth at IEEE PES T&D
Taihansuccessfullyoperated the booth at IEEE PES T&DAt the IEEE PES T&D, held from May 6 to 9, in Anaheim, California, USA, Taihan operated a 900-square-foot booth that showcased their various strategic products into themes such as ▲ The Aging Power Grid Replacement Solutions, ▲ Offshore Wind Power Solutions, ▲ High Voltage Direct Current (HVDC) Systems, ▲ Communication Cable Solutions, etc. and introduced over 30 different products. Taihan placed the aging power grid replacement solutions that attracted a lot of attention at the front of their booth. In the Offshore Wind Power Solutions section, they introduced a variety of submarine cables and cable-laying vessels (CLVs) supplied to domestic and international projects, along with disclosing the investment and production plans of their submarine cable plant in stages.
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NEWS PRSubmarine Cable Laying Vessel Charter Agreement Signed
Submarine Cable Laying Vessel Charter Agreement SignedTaihan has signed a charter agreement for a submarine cable laying vessel with Haechun, a company specializing in the laying of submarine cables and construction of underwater structures. The charter period is set from July this year until October 2025, totaling 16 months, with the charter fee amounting to 51 billion won.In December last year, the company acquired a dedicated submarine cable laying vessel, aiming to expand its submarine cable installation capabilities and secure new sources of revenue.A representative from Taihan stated, "This charter agreement serves as an opportunity to demonstrate the competitiveness of our vessel and the potential for new business expansion. By enhancing our submarine cable products and production capabilities and expanding the operational capacity of our laying vessels, we aim to emerge as a total solution provider in the submarine cable sector."
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NEWS PRInternational Certification for EHV Submarine Cable
International Certification for EHV Submarine CableTaihan Cable & Solution has completed the development of a 154kV EHV submarine cable system and obtained KEMA international certification. KEMA is an accredited testing organization based in the Netherlands, highly regarded internationally in the field of electrical safety. The 154kV class submarine cables are primarily used for connecting offshore wind farms to the mainland through export cables, and for interconnections between lands and continents. Taihan plans to produce the 154kV at its submarine cable plant 1 at Godae Pier in Dangjin City,which will be completed in 2025. Having developed and secured certification for this cable, Taihan is now positioned to bid on various submarine cable projects both domestically and internationally.
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NEWS PRTaihan Acquired “Korea’s Only Cable Laying Vessel for Offshore Wind Power”
<Taihan’s newly acquired cable laying vessel > Offshore Wind Power Business Sailing SmoothlyTaihan Acquired “Korea’s Only Cable Laying Vessel for Offshore Wind Power”- A 6,200-ton CLV specialized for submarine cables, capable of self-propulsion and dynamic positioning- Future-proofing business and securing revenue sources amid expected shortages of cable ships- Emerging as a total solution provider covering both underwater cable production and installationTaihan Cable & Solution is gearing up to leap forward as a total solution provider capable of laying submarine cables. On December 20th, , led by CEO Song Jong-min, announced the acquisition of a 6,200-ton cable laying vessel, or CLV. Korea’s only CLV designed for offshore wind power, is equipped with advanced features such as self-propulsion and a dynamic positioning system (DP2). The vessel can load up to 4,400 tons of submarine cables at once. This acquisition positions Taihan competitively in turn-key projects that span from submarine cable production to laying. As there are only a few cable manufacturers with cable-laying capabilities, Taihan is set to lead in the burgeoning offshore wind power industry globally. Furthermore, the increasing demand for submarine cables is likely to cause a shortage of cable layers, leading to higher charter rates for such vessels. Owning this vessel positions Taihan favorably to undertake projects steadily and tap into new revenue sources. A cable laying vessel is specifically designed for submarine cables. Therefore, it outperforms cable laying barges, or CLB, converted barges originally used for carrying cargo. Capable of sailing at 9 knots on average under its own power, the CLV can transport and lay cables much faster that CLBs, which mostly rely on tugboats. This efficiency is especially beneficial for distant projects in regions like Europe and the Americas. The vessel also boasts high stability in rough seas and resistance to severe weather conditions. In addition, a dynamic positioning system (DP2) mounted on the vessel automatically maintains its designated position for hours, allowing for precise cable installation and stable navigation. Taihan is planning to make full use of this vessel first for the Yeonggwang Nakwol Offshore Wind Power Project it recently won, and later, the Anma Offshore Wind Power Project. In January next year, the company will collect suggestions from its employees in naming the vessel. A company official said, “As this CLV meets the global standard for the European offshore wind power market, it opens up various business opportunities in the global market.” The official added, “We will work to leap forward as a total solution provider in the global submarine cable market through aggressive investments, including the construction of a second submarine cable plant for HVDC and export cables, and expanding our sales network both in Korea and internationally.”
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NEWS PRTaihan won the contract for the supply of submarine cables for the Yeonggwang Nakwol Project
Taihan won the contract for the supply of submarine cables for the Yeonggwang Nakwol ProjectWinning the bid for a submarine cable project, Taihan is set to sharpen its competitive edge. Taihan Cable & Solution won the contract for the supply of submarine cables for the Yeonggwang Nakwol Offshore Wind Power Project worth 100.3 billion won. Under this contract, Taihan is responsible for supplying inter-array submarine cables that connect wind power generators, and submarine cables connecting the wind farm with a new substation on Songi Island. The cables will be produced in the 1st stage facility of Submarine Cable Plant 1 in Dangjin, which will begin operations early next year. The completion of the 2nd stage facility of Submarine Cable Plant 1 as well as Submarine Cable Plant 2 is expected to make the company more competitive in future bids.
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NEWS PRTaihan Cable & Solution participated in SIEF & PGK 2023
Photo 1. Song Jong-min, CEO taihan (second from right), is looking around the exhibition Photo 2. A taihan employee is explaining the product to the customer. Photo 3. View of Daehan Electric Wire booth Taihan Cable & Solution participated in SIEF & PGK 2023 Taihan Cable & Solution participated in SIEF & PGK 2023 : Seoul International Electric Fair & Power Generation Korea 2023) to be held from October 18 to 20 in COEX, Seoul. Signifying “the present and future of cables & solutions”, Taihan Cable & Solution’s exhibition booths set up under four major themes: electricity cables, submarine cables, communications cables, and cable accessories. Taihan drew a lot of attention from organizers with its array of next-generation, strategic products, such as 525kV VSC HVDC cables and submarine cables.
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NEWS PRTaihan won the bid for large-scale supply of submarine cables
Taihan won the bid for large-scale supply of submarine cablesTaihan Cable & Solution was selected as a preferred supplier of submarine cables for “Anma Offshore Wind”, Korea’s largest offshore wind farm project that is currently underway. On October 4th, Taihan signed a preferred supplier agreement with Anma Offshore Wind. Under the agreement, Taihan is responsible for supplying and constructing all inter-array submarine cables used in offshore wind farms. The inter-array cables to be used for the project are expected to be worth hundreds of billions of won.
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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.