LS Cable & System building $727M subsea cable plant in Chesapeake, Virginia

LS Cable & System is constructing a new subsea cable manufacturing plant in Chesapeake, Virginia, with a $727 million investment. The Export-Import Bank of Korea is providing $218 million in financing. The facility will produce 500 km of HVDC subsea cable annually and is scheduled for completion in the second half of 2027.

“As power infrastructure becomes increasingly critical in the AI era, the market is expected to grow rapidly.”switchgear-magazine.com

• 1 source
• switchgear-magazine.comEximbank backs LS Cable’s US subsea plant – Switchgear MagazineVanja StimacAug 24, 2026

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