The new facilities are part of LS Cable's strategic plan to establish a significant export base for the North American market. This initiative will enhance the company's production capabilities and market reach.
Bus ducts, a superior alternative to traditional cables, offer many benefits that make them especially beneficial for high-rise buildings. Their efficiency, convenience, and design for large-scale electrical transmission using either aluminium or copper busbars make them valuable to our product line. Their installation and maintenance are notably simpler, and they offer considerable reductions in power consumption, making them a cost-effective and sustainable choice.
This facility in Mexico will be LS Cable's fourth bus duct production base, complementing its existing plants in Korea and China and the LS Eco & Energy subsidiary plant in Vietnam. The bus ducts produced here will be supplied to various sectors, including electric vehicle manufacturing, battery production, semiconductor factories, and AI data centres.
The new factory will produce EV battery components and bus ducts, making it a crucial production hub alongside LS Cable's existing plant in Poland. The choice of Mexico as a location is not just a matter of convenience but a strategic decision. We have carefully considered the country's low labour costs and the advantages offered by the United States-Mexico-Canada Agreement (USMCA), which facilitates trade across North America, to ensure the success of our expansion.
