Company:LS Cable & System

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LS Cable & System, Ltd.
TypePrivate limited
IndustryCable, metal
Founded1962,[1] established 2003
HeadquartersAnyang, South Korea
Key people
Ja-Yeop Koo (chairman & CEO)
Ja-Eun Koo (president & CEO)
ProductsPower cables, telecommunication cables
Revenue$7,668.09 million (2011)[2]
Total assets$5,102.92 million (2011)[2]
Total equity$551.58 million (2011)[2]
Number of employees
9,168 (2011)[2]
Websitehttp://www.lscns.com

LS Cable & System (Korean: LS전선, 엘에스전선) is a South Korea -based industrial corporation with global operations and one of the biggest cable manufacturers worldwide. Its products comprise power and telecommunication cables and systems, as well as integrated modules and other related industrial materials. LS Cable & System furthermore provides engineering services, installation and commissioning of high voltage and extra high voltage landlines as well as turnkey submarine cabling project execution.

LS Tower, headquarters of LS Cable & System in Anyang, South Korea

LS Cable & System (LS C&S) has its headquarters at the LS Tower in Anyang[3] and nine domestic factories of which six are located in Gumi, two in Donghae and one in Anyang. Additionally LS C&S has nine other factories in China, Malaysia, Vietnam and India. Furthermore, LS C&S owns magnet wire and data cable manufacturer Superior Essex with 24[4] factories spread over North America, Europe and China. LS C&S sales subsidiaries and branches overseas are located in Asia, the Middle East, Africa, Europe and in the Americas. LS C&S also owns JS Cable, Gaeon Cable, Pountek, Global Cable Incorporated, Kospace and Alutek, all of them with factories in Korea.

History

LS Cable sticker indicating the name change from LG Cable to LS Cable

LS Cable & System was founded as Korea Cable Industry in May 1962 and became Goldstar Cable in 1969.

It was then known as LG (LG = Lucky Goldstar) Cable until it separated from the LG Group in November 2003 to lead an independent brand power. It was established as its own cable company, LS Cable, on March 2005 as a part of the newly formed LS Group.

On June 11, 2008, LS Cable announced the purchase of Atlanta-based magnet wire and communication cable maker Superior Essex.[5] The transaction, valued at roughly $900 million,[6] extends LS Cable's reach into North American and European markets.

In March 2011 LS Cable was renamed and thus became LS Cable & System.

  • 50 depicting LS Cable & System's 50 years of history from 1962 to 2012

Products

Energy cables & systems

345 kV high voltage cables manufactured by LS Cable & System
  • LV, MV, HV & EHV power transmission & distribution cables & systems
  • Submarine cables, accessories, systems, engineering, installation & commissioning
  • Industrial & specialty cables & systems
  • Overhead power lines
  • Busduct & accessories

Telecommunication cables, components and solutions

Integrated modules & cables

  • Industrial cable & module
  • Automotive wire & solutions
  • Tube components
  • HV connectors

Industrial materials

Copper wire rod produced at the LS C&S factory in Gumi, South Korea
  • Copper wire rod
  • Aluminum materials
  • Rubber flooring tile

Magnet wire & copper data cables

Branches

Africa

America

  • Brazil: Sao Paulo
  • Mexico: Mexico City
  • Peru: Lima
  • United States: Tarboro, NC

Asia

One of the factories of LS Cable & System (located in Donghae, South Korea)
  • India: Bangalore, Chennai, Hyderabad, Kolkata, Mumbai
  • Indonesia: Jakarta
  • Philippines: Manila
  • Singapore: Singapore
  • South Korea: Anyang, Busan, Daegu, Daejeon, Donghae, Gumi, Gwangju

Europe

Middle East

Oceania

Subsidiaries

Asia

  • China: LSHQ (ownership: 75.1%) in Yichang, LSIC {{clarify|date=March 2015} hanghai]], Guangzhou and Xi'an, LSCT [clarification needed] (87.5%) in Tianjin, * India: LSCD in New Delhi, LSCI {{clarify|date=March 2015} name="lsci1"/>[7]
  • Japan: LSCJ (100%) in Tokyo
  • Malaysia: LSCM (100%) in Penang
  • South Korea: JS Cable Co. [clarification needed] (69.9%), Global Cable Incorporated Co. (98.2%), Alutek Co. (100%), Pountek Co. (100%), Kospace Co. (99.2%)
  • Vietnam: LS-VINA Cable & System (84.8%) in Haiphong, LSCV Offices located in [clarification needed] (100%) in Ho Chi Minh City and Hanoi City, UTP & Fiber factory in Dong Nai

Europe

  • United Kingdom: LSCNSU (100%) in London

North America

Trade fairs

In 2012 LS Cable & System participated for the first time in the company's history in the InnoTrans,[8] a trade fair with focus on the rail transport industry, by exhibiting its railway related products.

  • Booth of LS Cable & System at the InnoTrans 2012 in Berlin, Germany

  • LS Cable & System Railway Cables as shown at their booth at the InnoTrans 2012 in Berlin, Germany

Sponsoring activities

LS Cable & System is sponsoring Seoul's 700 Yachting Club Racing Team. Thanks to the sponsoring the Yachting Club was able to upgrade one of its Yamaha 31 Festa yachts to enable it to participate in International Class and Offshore Racing Class (ORC) races. The LS C&S boat came third in the Korea Cup 2012[9] in the category "Leg 1" and ranked third in the BMW Cup as well.

Also, the Yachting Club participated in various additional races with the LS C&S yacht, such as the Yellow Sea International Yacht Race, the Han River International Yacht Race 2012 and the Subaru Za Cup Tokyo Bay Open 2012.

  • LS Cable & System Yamaha 31 Festa Yacht at the Korea Cup in May 2012

  • LS Cable & System Yamaha 31 Festa Yacht at the BMW Cup in June 2012

See also

Official home pages

References

  1. ↑ http://www.lscns.com/company/company01_02_01.asp
  2. ↑ 2.0 2.1 2.2 2.3 http://www.lscns.co.kr/attfile/ir/irdata/LSC&S_2011_SR_ENG%28WEB%29.pdf
  3. ↑ http://www.lscns.com/company/company06_01.asp
  4. ↑ http://www.superioressex.com/about.aspx?id=5230
  5. ↑ http://www.finanzen.net/nachricht/aktien/LS-Cable-Announces-Commencement-of-US-45-00-Per-Share-Cash-Tender-Offer-for-Superior-Essex-348675
  6. ↑ https://www.reuters.com/article/2008/06/11/korea-lscable-idUSSEO28944220080611
  7. ↑ http://www.biztechreport.com/story/1855-korean-cable-company-ls-cable-and-system-opens-new-plant-haryana-india)
  8. ↑ "Archived copy". Archived from the original on 2012-09-05. https://web.archive.org/web/20120905064511/http://www.innotrans.de/media/inno/inno_media/inno_pdf/Ausstellerliste__List_of_Exhibitor_2012.pdf. Retrieved 2012-10-11. 
  9. ↑ "Archived copy". Archived from the original on 2013-04-15. https://archive.is/20130415060411/http://www.koreacup.org/results/results_final.asp. Retrieved 2012-08-23. 

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