# LS Cable & System Asia invests KRW 10B to expand copper rod capacity in Vietnam

LS Cable & System Asia announced a KRW 10 billion (approx. USD 10 million) investment in its subsidiary LS-VINA in Haiphong, Vietnam, to increase annual copper rod production capacity from 27,000 tons to 100,000 tons. Production and sales are expected to begin in the first half of 2019.

- Type: Expansion
- Announced: 2018-04-05
- Where: Haiphong, Vietnam, Vietnam
- Value: $10.0M (10.0B KRW)
- Starts operating: Q1 2019
- Status: announced
- Capacity: 100,000 tons per year
- Products: copper rods
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [LS Cable & System Asia](https://endata.com/companies/25926.md)
- [LS-VINA](https://endata.com/companies/31142.md) (target)

## Sources

- [lsholdings.co.kr](https://www.lsholdings.co.kr/en/media/news/71375371694e6d5064655a486a476a337141745571544a4e465433616e706c63), 2018-04-05: "LS Cable & System Asia announced on April 5 that they will be investing approximately 10 billion won in LS-VINA to increase annual capacity of copper rods from 27,000 tons to 100,000 tons."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.