LS Cable Invests 230 Billion Won in Querétaro, Mexico for Power and Mobility Production Expansion
LS Cable & System is investing approximately 230 billion won in its subsidiary LSCMX in Querétaro, Mexico, to create an integrated production base for power infrastructure and mobility components aimed at the North American market. The expansion will include enhanced Busduct facilities and a new automotive cable plant, responding to the rising demand for AI data centers and localized automotive parts. This initiative aligns with the USMCA and aims to strengthen LSCMX's connectivity with LS Cable's submarine cable plant in Virginia.
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LS Cable & System will invest approximately 230 billion won in its subsidiary LSCMX in Querétaro, Mexico, to establish an integrated production base for power infrastructure and mobility components targeting the North American market. The investment aims to elevate LSCMX into an integrated hub by expanding Busduct facilities and constructing a new automotive cable plant.
This expansion is in response to the growing North American AI data center market and the demand for automotive parts localization from North American automakers. The investment will also enhance access to the North American market, leveraging Querétaro's logistics infrastructure.
Additionally, it aligns with the United States-Mexico-Canada Agreement (USMCA) to optimize production processes. The project will connect LSCMX with LS Cable's submarine cable plant in Virginia, reinforcing the company's market position.
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