LS GreenLink Commences Development of Advanced Manufacturing and Port Facility in Chesapeake, Virginia

CHESAPEAKE, Va.--(BUSINESS WIRE)--Apr 29, 2025--

LS GreenLink USA, Inc. ("LS GreenLink"), a subsidiary of LS Cable & System Ltd. (“LS Cable & System”), today officially commenced construction on its state-of-the-art manufacturing and port facility in Chesapeake, Virginia. This significant project represents a major advancement in bolstering global energy infrastructure, with the initial phase representing an investment exceeding $681 million and the creation of more than 330 new jobs in the region.

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The initial phase of the development will encompass a 750,000 sq. ft. advanced manufacturing plant, a 660-foot VCV (Vertical Continuous Vulcanization) tower, and a dedicated pier, all designed to enhance the production, handling, and global delivery of HVDC (high-voltage direct current) submarine cables critical to modern energy infrastructure. The 660-foot VCV tower is projected to be the tallest structure in the Commonwealth of Virginia and the tallest structure between Philadelphia, Pennsylvania, and Charlotte, North Carolina, underscoring the facility’s significant contribution to the regional skyline.

Bon-Kyu Koo, President & CEO of LS Cable & System, said, “This groundbreaking marks a monumental step forward for LS Cable & System in fulfilling our global vision for energy infrastructure. By investing in cutting-edge manufacturing facilities like the one in Chesapeake, Virginia, we not only strengthen our competitive position in the global market but also play a crucial role in providing innovative solutions to meet the world’s growing energy demands. The success of this project will enhance our global footprint and contribute significantly to the advancement of sustainable energy systems worldwide.”

Gisu Kim, Regional President of North America at LS Cable & System, emphasized the significance of the new facility, stating, “The development of this advanced manufacturing facility highlights LS Cable & System’s continued commitment to the United States. This project not only strengthens our global production capabilities but also contributes directly to local economic growth and the advancement of the region’s energy infrastructure. We are proud to support the communities where we operate and look forward to the positive impact this facility will have across the broader energy sector.”

“This groundbreaking event represents far more than the launch of a construction project - it marks the start of a long-term investment in innovation, sustainability, and energy resilience,” said Patrick Y. Shim, Managing Director of LS GreenLink USA, Inc. “With this facility, LS GreenLink is laying the foundation for leadership in advanced manufacturing while reinforcing the global energy infrastructure that powers industries and communities worldwide.”

Virginia GovernorGlenn Youngkin remarked, “The commencement of this facility in Chesapeake is a proud moment for Virginia. This investment strengthens our leadership in innovation, energy, and manufacturing while creating hundreds of new jobs. LS GreenLink’s commitment to developing advanced energy infrastructure here exemplifies the innovative and impactful growth we are seeing across the Commonwealth.”

U.S. Senator Mark Warner stated, “I’ve been proud to support this project, and am thrilled to finally celebrate the groundbreaking of this manufacturing and port facility. This investment by LS GreenLink will be tremendous for Chesapeake, and for Virginia as a whole, bringing high-quality, good-paying jobs to the region while continuing the Commonwealth’s leadership in energy investment and infrastructure.”

“I’m thrilled to be breaking ground with LS GreenLink on its Hampton Roads cable manufacturing and pier facility, and I’m proud that this project was facilitated by tax credits in the Inflation Reduction Act that I fought to pass,” said U.S. Senator Kaine. “This facility will create hundreds of high-quality, good-paying jobs, boost the region’s economy, and affirm Virginia’s global status as a clean energy hub.”

U.S. Representative Bobby Scott shared, “I am proud to welcome LS GreenLink to Virginia’s Third Congressional District. Hampton Roads is a leader in offshore wind production and this subsea cable facility is an important piece of the domestic offshore wind supply chain. Thanks to the Inflation Reduction Act, LS GreenLink is utilizing tax credits for projects that expand clean energy. The manufacturing tax credits, which I spearheaded with my colleagues, are bringing high-paying jobs to our local economy and I look forward to seeing the completed facility.”

“This groundbreaking ceremony represents not just a significant investment in the City of Chesapeake but also for the Hampton Roads community,” said Chesapeake City Mayor Rick West. “This investment represents a huge step for the region’s clean energy and offshore wind industries. LS GreenLink’s decision to locate in Chesapeake proves the City’s and region’s commitment to clean, renewable energy. We look forward to future investment from LS and a continued partnership with South Korea.”

Doug Smith, President & CEO of Hampton Roads Alliance, commented, “The Hampton Roads region has long been recognized for its strong maritime and manufacturing capabilities. This significant investment from LS GreenLink in Virginia not only enhances our regional economy but further establishes Hampton Roads as a hub for innovation and advanced manufacturing in the energy sector. We are excited to support LS GreenLink in this endeavor.”

Finally, David White, Executive Director of Virginia Maritime Association, added, “The development of this advanced manufacturing facility in Chesapeake aligns with the strategic growth of Virginia’s maritime industry. This project will provide critical infrastructure for the global energy supply chain while creating high-quality jobs in the region. We are proud to be part of this exciting development and look forward to its future success.”

The initial phase is expected to be completed by the third quarter of 2027, with the facility fully operational by the first quarter of 2028. Subsequent phases of the project are planned, allowing LS GreenLink to expand its production capacity and technological capabilities in response to evolving global infrastructure requirements.

The groundbreaking ceremony brought together executives from LS GreenLink, elected officials, industry partners, and local community leaders, all of whom expressed their support for the project’s positive economic and strategic impact on the region.

About LS Cable & System Ltd.

Founded in 1962, LS Cable & System Ltd. is a global leader in power and communication cables and systems. With over 6,500 employees and 35 subsidiaries in 17 countries, LS Cable & System continues to drive innovation in energy transmission and distribution. For more information, visit www.lscns.com.

Senator Tim Kaine, U.S. Senator

Mayor Rick West, City of Chesapeake (right) with Bon-Kyu Koo, President & CEO, LS Cable & System Ltd. (center) and Patrick Y. Shim, Managing Director, LS GreenLink USA, Inc. (left)

Governor Glenn Youngkin (right) with Bon-Kyu Koo, President & CEO, LS Cable & System Ltd. (center) and Patrick Y. Shim, Managing Director, LS GreenLink USA, Inc. (left)

(From left to right) David White, Executive Director, Virginia Maritime Association; Patrick Y. Shim, Managing Director, LS GreenLink USA, Inc.; Doug Smith, President & CEO, Hampton Roads Alliance; Rick West, Mayor, City of Chesapeake; Bon-Kyu Koo, President & CEO, LS Cable & System Ltd.; Glenn Youngkin, Governor, Commonwealth of Virginia; Juan Pablo Segura, Secretary of Commerce and Trade, Commonwealth of Virginia; Gunnar Spengel, Project Director, TenneT TSO GmbH; Gisu Kim, Regional President of North America, LS Cable & System Ltd.; Christopher Price, City Manager, City of Chesapeake

PITTSBURGH (AP) — Lamar Jackson thought it was over. That the Baltimore Ravens' unwieldy season would end up in a familiar spot: the playoffs.

Then, rookie kicker Tyler Loop's potential game-winning field goal from 44 yards out drifted a little right. And then a little further right. And then a little further right still.

By the time it fluttered well wide of the goalposts, the playoffs were gone. So was Jackson's certainty after a 26-24 loss to Pittsburgh on Sunday night sent the Ravens into what could be a turbulent offseason.

“I'm definitely stunned, man,” Jackson said. “I thought we had it in the bag. ... I don't know what else we can do.”

Jackson, who never really seemed fully healthy during his eighth season as he battled one thing after another, did his part. The two-time NFL MVP passed for 238 yards and three touchdowns, including two long connections with Zay Flowers in the fourth quarter that put the Ravens (8-9) in front.

It just wasn't enough. Baltimore's defense, which played most of the second half without star safety Kyle Hamilton after Hamilton entered the concussion protocol, wilted against 42-year-old Steelers quarterback Aaron Rodgers.

Rodgers passed for a season-high 294 yards, including a 26-yard flip to a wide-open Calvin Austin with 55 seconds to go after a defender slipped, symbolic of a season in which Baltimore's defense only occasionally found its form.

Still, the Ravens had a chance when Jackson found Isaiah Likely for a 28-yard gain on fourth down from midfield. A couple of snaps later, the 24-year-old Loop walked on to try to lift Baltimore to its third straight division title.

Instead, the rookie said he “mishit” it. Whatever it was, it never threatened to sneak between the goalposts.

“It’s disappointing,” Loop said.

Loop was talking about the game. He might as well have been talking about his team's season.

The Ravens began 1-5 as Jackson dealt with injuries and the defense struggled to get stops. Baltimore found a way to briefly tie the Steelers for first in late November, only to then split its next four games, including a home loss to Pittsburgh.

Still, when Jackson and the Ravens walked onto the Acrisure Stadium turf on Sunday night in the 272nd and final game of the NFL regular season, Baltimore was confident. The Ravens drilled Pittsburgh in the opening round of the playoffs a year ago behind the ever-churning legs of running back Derrick Henry.

When Henry ripped off a gain of 40-plus yards on the game's first offensive snap, it looked like it was going to be more of the same. While Henry did rush for 126 yards and joined Hall of Famer Barry Sanders as the only running backs in NFL history to have five 1,500-yard seasons, he was less effective in the second half.

Even that first run was telling of what night it was going to be, as an illegal block by wide receiver Zay Flowers cost Baltimore some field position. The Ravens ended up scoring on the drive anyway, thanks to a 38-yard fourth-down flip from Jackson to a wide-open Devontez Walker, but it started a pattern that was hard to shake as several steps forward were met with one step back on a night the Ravens finished with nine penalties for 78 yards.

“We were having a lot of penalties, which kept stopping drives," Jackson said. “But I'm proud of my guys because we kept overcoming. We kept overcoming adversity and situations like this. Divisional games (can) be like that sometimes.”

Particularly when the Steelers are on the other side of the line of scrimmage. Pittsburgh has won 10 of the last 13 meetings. And while a handful of them have been in late-season matchups with the Ravens already assured of reaching the playoffs, the reality is the Steelers have been able to regularly do something that most others have not: found a way to beat Jackson.

“It comes down to situations like this,” Jackson said. “Two-point conversion one year. Field goal another year. And again this year. Just got to find a way to get that win here.”

And figure out who is going to be around to help get it.

Head coach John Harbaugh's 18th season in Baltimore ended with the Ravens missing the playoffs for just the second time in eight years. Jackson turns 29 this week and is still one of the most electric players in the league.

Yet Harbaugh and Jackson have yet to find a way to have that breakthrough season that Harbaugh enjoyed with Joe Flacco in 2013 when the Ravens won the Super Bowl.

There was hope when the season began that the roadblocks that have long been in the franchise's way — Kansas City and Patrick Mahomes chief among them — would be gone.

While the Ravens did get their way in a sense — the Chiefs will watch the playoffs from afar for the first time in a decade after a nightmarish season of their own — it never all came together.

Jackson declined to endorse Harbaugh returning for a 19th season, saying the loss was still too fresh to zoom out on what it might mean for the franchise going forward.

Harbaugh, for his part, certainly seems up for running it back in the fall.

“I love these guys,” he said afterward. “I love these guys.”

AP NFL: https://apnews.com/hub/nfl

Baltimore Ravens quarterback Lamar Jackson, right, hands the ball off to running back Derrick Henry (22) during the first half of an NFL football game against the Pittsburgh Steelers, Sunday, Jan. 4, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)

Baltimore Ravens head coach John Harbaugh talks with an offical during the second half of an NFL football game against the Pittsburgh Steelers, Sunday, Jan. 4, 2026, in Pittsburgh. (AP Photo/Justin Berl)

Pittsburgh Steelers defensive tackle Cameron Heyward, left, greets Baltimore Ravens quarterback Lamar Jackson (8) after an NFL football game Sunday, Jan. 4, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)

Pittsburgh Steelers safety Jabrill Peppers (40) reacts after Baltimore Ravens kicker Tyler Loop (33) missed a field goal attempt in the second half of an NFL football game against the Pittsburgh Steelers, Sunday, Jan. 4, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)