대한전선

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worth around KRW 110 billion​Taihan has been awarded a project worth around KRW 110 billion involving replacement of an outdated power grid in the United States.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 has won orders in the U.S. since the beginning of the year... Over $32 million - Expansion of power infrastructure investment due to demand for renewable and replacement of old power networks- Evenly ordered from the east/west, diverse product portfolio such as EHV cable, MV/LV cable- Competitive as a major power network supplier, bright prospects for orders in 2024 Taihan is producing good results in the U.S. market since the beginning of the year. Taihan announced on the 26th that the cumulative order amount in the United States as of the 4th week of January has exceeded $32 million. Since the beginning of the year, orders have continued in the U.S., which is more than 10% of the annual cumulative orders ($300 million) in 2022, which was the best performance since entering the U.S. As the demand for power infrastructure in the United States is greatly expanding, record-breaking orders are expected this year. The order areas are evenly distributed in major cities in the eastern and western United States, such as New York in the east, California, Arizona, etc., and achieved results in various product groups such as EHV (ultra-high voltage) cables for transmission, MV/LV (medium/low voltage) cables for distribution, and processed wires. 

Taihan has secured a contract for a 380kV EHV power network project from Germany's TenneTTaihan Cable & Solution has secured a contract for a 380kV Extra High Voltage (EHV) power network project from Germany's TenneT, valued at 60 billion won.  This project involves the construction of 380kV underground cables in Germany to expand the transmission network necessary for environmentally friendly wind power generation. Taihan will supply all materials including EHV cables and cable accessories, and will handle everything from power network design to cable laying, connection, and testing. Last year, Taihan had successfully won two projects in Germany worth a total of 70 billion won, marking its entry into the German high-voltage market. With this latest large-scale project, Taihan has further reinforced its competitiveness in the German market.  

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. 

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.   

Taihan Secures $65 Million Power Grid Project in KuwaitTaihan has reaffirmed its competitive edge in the Middle East market by securing a major project in Kuwait. The contract for the EHV Power Grid Turnkey Project, commissioned by the Kuwait MEW(Ministry of Electricity and Water & Renewable Energy), was awarded to the company for $65 million. This significant undertaking involves the construction of an underground power grid connecting existing substations in Kuwait City, the country's capital. The project aims to respond to the city’s increased power demand as smoothly as possible. It will be carried out in a turnkey manner, with Taihan responsible for all phases, including the supply of 300kV grade EHV cables and accessories, power grid design, installation, connection, and testing. Relying on its long-accumulated Middle Eastern network and technical prowess, Taihan is committed to securing more contracts in the future.

Securing the German 380kV Project: Opening the Door to the Extra-High Voltage MarketOn February 2, 2023, Taihan announced that it had secured two consecutive projects in January for the construction of Extra-high voltage power grids in Germany. The client is TenneT, a leading Transmission System Operator (TSO) operating power transmission networks in both Germany and the Netherlands. The total contract value is approximately Around 52.8 million USD. Both projects aim to establish 380kV Extra-high voltage power grids to cater to Germany's expanding power demand. The 380kV voltage level is the highest among Germany's underground AC power grids and, given its importance, its power grid stability is ensured through meticulous technology and quality evaluations conducted during the contractor selection process. This recent deal signifies Taihan's entry into the German 380kV Extra-high voltage power grid market.

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. 

Taihan opens the doors to the Canadian market wide open with a new turn key project for EHV CableTaihan announced that it has secured a new order for an extra-high voltage power grid turnkey project in Ontario, a province in southeastern Canada.  The project is an important initiative for the Canadian government that involves building a new 230kV power grid inside a tunnel that runs underground and through the city center, which is anticipating a surge in demand for power from across Ontario. This order is a significant one in that it is Taihan's first extra-high-voltage turn-key project in Canada. A power grid turnkey project requires not only a stable supply of materials such as extra-high-voltage cables and cable accessories, but also the ability to design, pull, connect, and test power grid facilities. In other words, it requires a high degree of competency in terms of technology and the capacity to execute a large-scale project.