Taihan Cable & Solution Co. announced August 13 that its wholly owned Vietnamese subsidiary, Taihan Vina, will invest approximately $54 million to establish Vietnam’s first 400kV-class extra-high voltage (EHV) cable production facility.

A press release said that this will be the company’s first overseas EHV cable plant, aimed at capturing the rapidly growing power infrastructure market driven by Vietnam’s industrial expansion. The new plant will be in the Long Thanh Industrial Park, Dong Nai Province, by Taihan Vina’s existing facility, on a site of some 56,200 sq m. Construction is scheduled to commence in the first half of 2026, with operations expected to begin in 2027.

The release said that the strategic expansion targets Vietnam’s surging power demand, projected to grow at an annual rate of 10-12% through 2030, fueled by large-scale transmission projects involving 220 kV or higher capacity EHV cables. The new plant will allow Taihan Vina to serve not only Vietnam but also export to key markets such as Europe, North America, and Oceania, thus supporting the company’s broader international expansion plans.

Taihan Cable operates two cable plants and one cable accessory plant in South Korea. Overseas, it runs cable plants in South Africa, Kuwait and Vietnam, along with a cable accessory plant in Saudi Arabia. Founded in 2005 and headquartered in Ho Chi Minh City, Taihan Vina employs around 300 people. Its product lineup includes high-voltage, medium-low voltage power cable, and overhead wires. Last year, the subsidiary achieved sales of approximately $132 million, representing a 20% year-over-year increase.

“Vietnam’s excellent industrial environment, infrastructure, and geographical advantages will serve as a solid foundation for Taihan Vina to establish itself as a major global supplier in the EHV cable sector,” said a company spokesperson. “We aim to expand our presence beyond Asia to the global market.”