Tuesday, February 21, 2012

LS Cable & System and Mercury Cable & Energy announce global agreement

DANA POINT, USA: LS Cable and System, a global leader in the wire and cable industry, and Mercury Cable & Energy, the leading developer of High Voltage Composite Reinforced Conductors (HVCRC) for electrical transmission lines, have signed a multi-year global agreement.

Under the terms of the agreement, LS Cable will strand and sell Mercury’s HVCRC product line in Korea, Vietnam, India and other agreed upon markets around the world. Additional details will be announced in the second quarter 2012.

“With this agreement, LS Cable & System’s business portfolio will be strengthened and this will give us a new momentum for overseas market entry,” said Jae-In Yoon, executive director of LS Cable & System’s Energy Division. “We will emphasize those countries in which we are preparing for new power network implementation and transmission capacity extension projects.”

“We are pleased to begin our relationship with LS Cable,” said Ron Morris, CEO of Mercury. “As a global leader in the manufacture of wire and cable products, LS Cable is an ideal fit for the introduction of Mercury’s HVCRC products into these markets.”

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