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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 has been awarded a project worth around KRW 110 billion​Taihan has been awarded a project worth around KRW 110 billion involving replacement of an outdated power grid in the United States.  The project is designed to replace the aging power infrastructure with a new one in the southeastern state of Florida in anticipation of increasing power demand in the region. Taihan will be removing existing cables and supplying a 230kV EHV power grid as a full turnkey service. The successful bid for this contract is thanks to the recognition of the proven track record of Taihan in executing a variety of projects in the U.S. The proposal of new solutions for the replacement of aging power grids was instrumental in moving the project forward. For the New York project secured last year, a unique installation method with a U.S. patent was introduced to showcase laying technology tailored to the urban environment. By securing this deal, the company has brought its cumulative order value for the year to about KRW 200 billion in the U.S. alone. In just one quarter, Taihan has already achieved half of its record annual orders in the U.S. from fiscal year 2022 around KRW 400 billion. While rising electricity consumption and the expansion of renewable energy sources are driving an increase in the demand for power networks across the U.S., over 50% of the existing transmission infrastructure has surpassed 40 years of service, exceeding its life cycle, giving rise to strong anticipation of additional orders to follow. 

Taihan won a deal in BahrainTaihan solidified its position as a major supplier in the Middle East by winning a deal in Bahrain.Taihan Cable & Solution has won an order from Bahrain’s Electricity and Water Authority to build EHV power grids in Bahrain. For the turn-key project to build 400kV underground power grids in the country, Taihan not only supplies all necessary materials, including EHV cables and accessories, but also designs, constructs, connects and tests power grids.