대한전선

Taihan signed an MOU with Ocean Winds to collaborate on the Offshore Wind Power ProjectOn the 27th, Taihan signed an MOU with Ocean Winds (OW), a Spanish company specializing in offshore wind power generation, to collaborate on the 1,125MW “Hanbando Offshore Wind Power Project ” in the Incheon exclusive economic zone. The two parties will leverage this agreement to amplify synergies in the Hanbando Offshore Wind Power Project and explore diverse avenues for joint growth. They agreed to cooperate in various fields, including stabilizing the supply chain of submarine cables, identifying market trends, and exchanging information related to the project. Furthermore, they plan to maintain a close partnership in the mid-to-long term, enhance personnel exchanges, and extend the scope of cooperation. This MOU was concluded during the “APAC Wind Energy Summit,” the first international offshore wind power exhibition in Korea, held in Songdo, Incheon, from November 26 to 28. 

Taihan participated in the APAC Wind Energy Summit 2024​Taihan participated in the APAC Wind Energy Summit 2024​, held from November 26 to 28 in Songdo, Incheon. This event, the first international wind power exhibition in Korea, provided the company an ideal platform to highlight its submarine cable turnkey solutions. At the summit, Taihan presented progress on its first submarine cable plant, now in its second stage of construction, plans for a second plant at Dangjin Godeok Pier, and unveiled “PALOS,” Korea’s only CLV for offshore wind power The company will also present its track records of submarine cables to projects both domestically and internationally since 2009, as well as its plans to develop the largest cable production cluster in Korea at the Dangjin Godae site. The company’s strategy is to gather all its domestic production facilities, including cable factories, solution factories, and Submarine Cable Plants 1 and 2, into the Dangjin Godae to achieve maximum synergy. During the exhibition, Vice Chairman Song Jong-min visited the exhibition hall with employees from the submarine business division and technology research center, interacting with representatives from global power companies to boost partnerships. 

Taihan unveils key products in renewable energy and high-efficiency technology at BIXPO 2024​On the 6th, Taihan announced that it took part in “BIXPO 2024,” the Bitgaram International Expo of Electric Power Technology, held from the 6th to the 8th at the Kimdaejung Convention Center in GwangjuBIXPO is an event that showcases new technologies in the power and energy sectors, hosted by Korea Electric Power Corporation (KEPCO). With the theme “Journey to the Future of Energy,” this year’s BIXPO saw participation from more than 200 companies, both local and international. Taihan’s booth at this exhibition featured themes such as offshore wind power solutions, High Voltage Direct Current (HVDC) systems, solutions for replacing aging transmission networks, and eco-friendly power devices, highlighting many key and strategic products supplied worldwide. It also showcased research and development achievements, including new construction methods in the power sector conducted jointly with KEPCO, emphasizing its technological capabilities. Specifically, the offshore wind power solution theme was placed in the center of the booth to underline the company’s capability to manage the entire value chain of submarine cables, from design and production to transportation, installation, and maintenance. Taihan Cable & Solution exhibited submarine cables and the model of “Palos,” the only CLV for offshore wind power in Korea, and disclosed its investment plan for a submarine cable plant. Taihan also introduced latest technologies, such as the 500kV current type HVDC onshore cable system and the 525kV voltage type HVDC land cable system (3,000SQ, allowable temperature 90°C), which were developed for the first time in Korea. In addition, it exhibited solutions for replacing aging power grids, including Triplex cables and directional cable-laying devices, foreseeing sustainable growth in this field. 

Taihan revealed they have participated in the “CIGRE 2024"Taihan revealed they have participated in the “International Council on Large Electric Systems 2024 (hereinafter referred to as CIGRE)” held from August 25th to the 30th. CIGRE is the largest global organization in the field of electric power transmission and distribution with about 100 member countries, 1,200 organizations, and over 15,000 experts. CIGRE holds biennial conferences, named Sessions, and exhibitions to share the latest technology and research achievements. In this year’s session, Taihan organized its booth under the theme of “Total Solution Provider, Across the Continents and to the Sea ” where next-generation products and anchor products were showcased including the offshore wind power solution, high-voltage direct current (HVDC) cable system, and extra high voltage (EHV) power grid system. The offshore wind power solution was prominently displayed in front of the booth, highlighting the comprehensive turn-key capabilities, from the production of submarine cables to their installation. Taihan showcased its accomplishment of supplying submarine cables to projects in Korea and overseas, as well as the only cable laying vessel (CLV) model for offshore wind power in Korea. In addition, the step-by-step investment plan for the ongoing Submarine Cable Plant. The HVDC cable system, designated as the national core technology, was also revealed. Taihan possesses advanced technologies, including the 500 kV current source HVDC land cable system, the first in Korea to be developed, and the 525 kV current source HVDC land cable system (3,000 SQ; allowable temperature of 90℃). It also introduced various EHV power grid projects carried out across Europe, the birthplace of the cable industry, including the Netherlands, Denmark, and Sweden, as well as the London Power Tunnels Phase 2 (LPT2) project, a large-scale tunnel construction project in London, UK. 

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."

[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.

Taihansuccessfullyoperated the booth at IEEE PES T&D​At 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.​ 

​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." 

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.​ 

<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.”