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Hoban Group’s Taihan Donates Power Cables to Support Wildfire Recovery in Los Angeles- Donated approximately $100,000 worth of wildfire-resistant power cables to the Los Angeles Department of Water & Power (LADWP).- Plans to actively support power infrastructure restoration through its U.S. subsidiary and local offices.- Fulfilling corporate social responsibility as a key supplier to the U.S. power grid. Taihan is providing products and technical support to aid the recovery of power infrastructure damaged by the recent wildfires in Los Angeles. On the 10th, Hoban Group’s Taihan announced the donation of approximately $100,000 worth of power cables to the Los Angeles Department of Water & Power (LADWP) to support the restoration of the city’s electricity infrastructure. LADWP, the largest municipal utility in the United States, is responsible for supplying electricity and water to the greater Los Angeles area. The donated cables will be used to restore power in areas affected by the wildfires. The wildfire-resistant cables donated by Taihan were developed in collaboration with major utilities in California to mitigate wildfire risks, a persistent challenge in the western U.S. First introduced in 2018, these cables have undergone rigorous quality and performance testing, and only a limited number of manufacturers worldwide can produce and supply them. Over the past five years, Taihan has delivered more than KRW 100 billion (approximately $75 million) worth of power cables to the western U.S. Taihan is also committed to actively participating in power infrastructure restoration efforts. With its proven track record in supplying and validating power cables, the company is ready to provide immediate emergency supply and technical support in close coordination with local utilities. A Taihan representative stated, “We hope this donation provides meaningful relief to communities affected by the wildfires. As a key supplier to the U.S. power grid, we will continue to leverage our expertise to support disaster recovery and power infrastructure resilience.” Since entering the U.S. market in the early 2000s, Taihan has expanded its market presence by executing numerous projects. In 2023 alone, the company secured over KRW 730 billion (approximately $550 million) in new projects, further solidifying its position in the region. This donation reflects Taihan’s ongoing commitment to corporate social responsibility as an integral part of the U.S. energy sector. Additionally, in September 2023, Taihan donated VND 2 billion (approximately KRW 100 million) to support communities in Vietnam affected by typhoon damage, reinforcing its role as a responsible global corporate citizen. Hoban Group, Taihan’s parent company, has also been actively engaged in community outreach, donating a total of KRW 10 billion (approximately $7.5 million) since the launch of its Hoban Sarang Nanum Foundation in 2007. 

Taihan has successfully signed a massive contract estimated at KRW 190 billion in the United StatesTaihan Cable & Solution has announced that T.E.USA, its American sales subsidiary, has successfully signed a massive long-term contract estimated at KRW 190 billion in the eastern United States. This undertaking marks the largest project ever secured by Taihan within the United States, and it stands as one of their most significant international contracts. To address the rapidly growing power demand in the eastern United States, Taihan will furnish all necessary extra high voltage power grid components, such as 138 kV and 345 kV cables and accessories, for a project aimed at upgrading old power grids to new ones. With the addition of this contract, Taihan’s new orders from the U.S. this year amount to KRW 520 billion. Therefore, the company has, within half a year, surpassed the 2022 annual order intake of KRW 400 billion, the highest since its entry into the North American market, thereby setting a new record for orders in the U.S. 

Taihan exceeded winning an annual cumulative order of USD 300 million by winning a new order​As T.E. USA, the U.S. corporation of Taihan, won an additional order worth about USD 24 million, Taihan won an annual cumulative order of USD 300 million in North America. Winning an annual cumulative order of USD 300 million is the highest record since entering the U.S. market in the early 2000s, and Taihan has already exceeded the annual order amount of last year (USD 240 million). The order won by Taihan this time is a 230kV Extra-high voltage underground power line project that is linked to a large-scale solar power plant to be built in the eastern desert of California. In March 2022, Taihan won the project to connect a large offshore wind farm on the eastern coast with the power system. Including these two projects, Taihan won new and renewable energy infrastructure projects worth about USD 80 million this year alone. Taihan expects that these achievements will play a positive role in the continued expansion of winning orders in the U.S. 

Taihan’s US subsidiary succeeds in winning a major extra-high-voltage power grid projectTaihan has won an additional large-scale project in the US, continuing its recent streak of new orders. The company’s US subsidiary, TEUSA, secured a supply order for an extra-high-voltage power grid from a major US power corporation. Worth roughly KRW 60 billion, this latest order comes just 15 days after the news of Taihan winning its bid for another long-term contract (three years) in America halfway through last month. This project is particularly significant in that it is an “Alliance Contract” based on mutual trust, unlike a regular product supply contract. 

A power infrastructure project contract worth 42 billion won achieved in the US​Taihan won an order for a 42 billion won power infrastructure project from a California power company in the US. This is a large-scale project to build a 275kV extra-high voltage underground power grid in the LA area, in order to prepare for the skyrocketing demand for electricity due to the 2028 LA Olympics. Along with this project, Taihan achieved 190 billion won in orders in the US this year. In particular, Taihan has won more than 10 new projects in California, Florida, and New York since April, reinforcing its position as a major supplier in the US.