News for Agent

Daily business news: funding, M&A, launches

Expansion

Gaon Cable to Double Tarboro Cable Output by 2027 With $50 Million Investment

By ·

Key takeaways

  • Gaon Cable plans to invest about $50 million to add two production lines at its LSCUS facility in Tarboro, North Carolina.
  • LSCUS revenue is projected to rise from about 440 billion won in 2025 to 1.5 trillion won in 2027.
  • Gaon Cable plans new overhead conductor facilities at LSCUS, targeting initial sales in early 2029.

Gaon Cable plans to invest about $50 million to add two production lines at its Tarboro, North Carolina facility, doubling its cable production capacity by 2027. The Koreatimes reported the expansion on November 4, 2026.

Gaon Cable's Tarboro Line Expansion

Gaon Cable is a subsidiary of LS Cable & System and, according to company records, Korea's oldest wire and cable manufacturer, founded in 1946 and headquartered in Anyang. It produces power transmission cables, bus duct systems and telecom cables for hyperscale AI data centers, grid infrastructure and industrial customers.

The company operates LSCUS, its US production subsidiary, in Tarboro, where it supplies power cables and bus ducts to global technology companies and AI cloud service providers. Gaon Cable said further expansion at the site is under consideration depending on new orders and customers' investment plans.

LSCUS revenue is projected to rise from approximately 440 billion won ($327 million) in 2025 to 870 billion won in 2026 and 1.5 trillion won in 2027, a roughly 3.4-fold increase over two years. Gaon Cable said LSCUS has secured long-term bus duct supply contracts worth more than 5 trillion won through 2030 with global big tech companies.

Gaon Cable is also extending its US business from power distribution into transmission. It plans to install new overhead conductor production facilities at LSCUS, targeting initial sales in early 2029. The company is reviewing nuclear power plant cable products and certification requirements ahead of a possible phased entry into that market.

LSCUS Bus Duct Contracts With Big Tech

According to akta.pro company records, LSCUS signed a 4 trillion won (~$2.7 billion) five-year bus duct supply agreement with Meta Platforms in June 2026, described as the largest single contract in Korean cable and power equipment industry history. The same records show combined bus duct contracts with Google and Amazon that bring total contracted bus duct business with major US technology companies to approximately 5 trillion won ($3.3 billion).

Earlier Gaon Cable US and Export Deals

In August 2026, Gaon Cable secured a 200 billion won ($143.4 million) busduct supply deal with a major US cloud operator for a 250-megawatt AI data center project, with deliveries scheduled through 2027, The Korea Herald reported. The same month, Nate News reported that Gaon Electric Wire had supplied distribution cables worth 60 billion won to Singapore. In September 2026, The Korea Herald reported that Gaon Cable had supplied medium-voltage cables to a major public utility in western Canada, its first entry into Canada's power infrastructure market.

Gaon Cable's 2029 Transmission Sales Target

Gaon Cable is targeting initial sales from the planned LSCUS overhead conductor facilities in early 2029, the company said.

Companies in this story

Sources

Machine-readable: Markdown · JSON