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LS GreenLink USA, Inc. Announces $681 Million Subsea Cable Manufacturing Facility in Chesapeake

Jul 09, 2024•almost 2 years ago

Contract Type

partnership

ChesapeakeManufacturing

Description

LS GreenLink USA, Inc., the U.S. subsidiary of the South Korean cable manufacturing company LS Cable, has announced the construction of a new $681 million subsea cable manufacturing facility at the Deep Water Terminal Site in Chesapeake. This project signifies a substantial milestone for growth in the offshore wind industry and will position Chesapeake as a prime destination for future offshore wind and advanced manufacturing projects.

Company Information

Company

LS GreenLink USA

Location

Chesapeake, Virginia, United States

About

LS GreenLink USA, Inc. is the U.S. subsidiary of the South Korean cable manufacturing company LS Cable. They have announced the construction of a new $681 million subsea cable manufacturing facility at the Deep Water Terminal Site in Chesapeake.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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