CHESAPEAKE, Va.--(BUSINESS WIRE)--Dec 12, 2025--
LS Cable & System Ltd. (“LS C&S”), a global leader in power and communication cable and system solutions, today announced plans for a significant additional investment in Chesapeake, Virginia. Undertaken through three LS C&S subsidiaries, the project is expected to be the single largest capital investment in the history of the Hampton Roads region.
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Governor Glenn Youngkin, 74th Governor, Commonwealth of Virginia
(From left to right) Patrick Y. Shim, Managing Director, LS Cable & System; Gisu Kim, Regional President of North America, LS Cable & System; Paul Dabbar, U.S. Deputy Secretary of Commerce; Glenn Youngkin, 74th Governor, Commonwealth of Virginia; Bon-Kyu Koo, President & CEO, LS Cable & System; Juan Pablo Segura, Virginia Secretary of Commerce and Trade; Mayor Rick West, Mayor, City of Chesapeake; Steven Wright, Director of Economic Development, City of Chesapeake.
Patrick Y. Shim, Managing Director, LS Cable & System
Virginia Governor Glenn Youngkin with Bon-Kyu Koo, President & CEO, LS Cable & System
Virginia Governor Glenn Youngkin
Virginia Governor Glenn Youngkin with Bon-Kyu Koo President & CEO, LS Cable & System; (background) Paul Dabbar, U.S. Deputy Secretary of Commerce, and Patrick Y. Shim, Managing Director, LS Cable & System
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This investment builds on the previously announced first phase of LS GreenLink’s state-of-the-art cable manufacturing and pier facility project, which broke ground in April 2025. While separate from the LS GreenLink project, the new initiative expands the company’s overall presence in the United States and reinforces LS C&S’s long-term commitment to the Commonwealth of Virginia, the City of Chesapeake, and the Hampton Roads region. Together, these efforts strengthen U.S. energy infrastructure, enhance supply chain resilience, and support national security priorities.
LS C&S is evaluating several Chesapeake-area locations for the new manufacturing complex, which will feature advanced manufacturing capabilities across three key business lines:
Reflecting on the company’s expanding U.S. footprint, Bon-Kyu Koo, President & CEO of LS Cable & System, Ltd., said, “This investment represents an exciting step in our continuing growth in the United States. We’re not only expanding our manufacturing capabilities, we’re strengthening the U.S. domestic supply chains and supporting America’s leadership in energy and technology. By continuing the partnerships with the Commonwealth of Virginia, the City of Chesapeake, and the Hampton Roads region, we’re creating opportunities for the local community while helping to ensure secure, reliable infrastructure that supports national security and the nation’s energy future.”
Speaking to the connection between LS GreenLink and the new project, Gisu Kim, Regional President of North America at LS Cable & System, Ltd., said, “The LS GreenLink project has been a major commitment for LS C&S, and this new investment builds directly on that foundation. It strengthens domestic production of critical components such as copper rod, magnet wire, and rare-earth magnets – vital to reinforcing supply chain resilience and advancing U.S. energy independence.”
Highlighting the importance of long-term collaboration, Patrick Y. Shim, Managing Director of LS Cable & System, Ltd., added, “This investment represents much more than expanding our manufacturing footprint in Chesapeake. We are deepening our partnership with the Commonwealth of Virginia, the City of Chesapeake, and the Hampton Roads region as we build capabilities that strengthen U.S. energy leadership, secure critical supply chains, and support industries essential to the nation’s security and future.”
Ambassador Kyung-wha Kang, Ambassador of the Republic of Korea to the United States, said, “Korean companies are now the largest greenfield investors in the United States, creating high-quality jobs and strengthening resilient supply chains across the country. Today’s announcement reflects that momentum and underscores the enduring Korea-U.S. alliance as we work together to advance next-generation manufacturing. It is both timely and significant that this project will support rare-earth magnet production in Chesapeake – critical components for industries ranging from automotive to advanced IT. By expanding domestic capacity in these strategic materials, LS Cable & System is making a meaningful contribution to America’s competitiveness and long-term supply chain security.”
U.S. Senator Mark R. Warner said, “Today’s announcement is a big win for Chesapeake and for the entire Hampton Roads region. LS Cable & System’s decision to make the largest capital investment in the region’s history is a testament to the world-class workforce and the strategic assets that make Virginia such an attractive place to do business. This project will strengthen critical domestic supply chains, support our clean energy and national security needs, and create good-paying jobs right here in the Commonwealth. I’m proud to continue working with LS C&S and our federal, state, and local partners to deliver investments that keep Virginia competitive and our nation secure.”
“This major investment in Chesapeake is a win for Virginia and for America’s supply chain security. By bringing critical manufacturing – from magnet wire to copper rod – back home, LS Cable & System is helping create good jobs and strengthen the next-generation infrastructure our economy depends on. This second major LS investment in Chesapeake – after the subsea cable manufacturing facility made possible in part by incentives included in the Inflation Reduction Act – shows that Virginia is a go-to place for high-tech manufacturing,” said U.S. Senator Tim Kaine.
Representative Bobby Scott added, “I am pleased to welcome this investment to Hampton Roads. This manufacturing complex will help establish a more resilient supply chain for modern energy infrastructure and create more good jobs in our region.”
“This announcement is a tremendous win for Chesapeake and the entire Hampton Roads region. LS Cable & System’s decision to make the largest capital investment in our region’s history speaks volumes about the strength of our workforce, our infrastructure, and our strategic importance to America’s energy future. I’m proud to support investments like this that bolsters innovation and help secure a stronger, more competitive future for our country,” said Representative Jen Kiggans.
“Today’s announcement marks a major milestone for Chesapeake, the Commonwealth, and the nation in advancing domestic manufacturing,” said Dr. Rick West, Mayor, City of Chesapeake. “The decision by LS Cable & Systems to build their new facilities in our community demonstrates the confidence that they have not only in Chesapeake’s talented workforce and strong business environment, but also in our commitment to helping businesses succeed here in the city. This investment is LS Cable's second major project in Chesapeake and elevates our city's status as a leader in the nation’s clean energy and electrification future. We value LS Cable’s ongoing partnership and friendship with the City of Chesapeake, and we look forward to building on that relationship in the years ahead.”
“LS Cable’s $689 million investment solidifies Chesapeake’s position as a premier destination for advanced manufacturing,” said Steven Wright, Director of Economic Development, City of Chesapeake. “The establishment of new facilities for magnet wire and sintered rare-earth magnets production will provide much-needed support for U.S. supply chains for emerging mobility technologies and modern energy systems. This project will bring skilled jobs to Chesapeake and will strengthen the long-term industrial competitiveness of our region.”
“Congratulations to LS Cable & System and the entire LS Group on another major investment in Chesapeake,” said Douglas L. Smith, President & CEO of Hampton Roads Alliance. “The Hampton Roads Alliance is proud to support LS Group and to work alongside the City of Chesapeake as the company advances its commitment to expand U.S. power grid infrastructure. This investment aligns directly with the Hampton Roads Playbook, which prioritizes defense, energy, aerospace, and logistics. Energy security is national security and projects like this further solidify Hampton Roads as a global energy leader.”
“The Port of Virginia is ready to support LS Cable & System’s strategic investment in Chesapeake,” said Stephen A. Edwards, CEO and Executive Director, Port of Virginia. “Advanced manufacturing facilities like this not only strengthen Virginia’s role in global trade but will help accelerate innovation in the electric vehicle industry. The Port of Virginia is a 21st century port complex that will provide LS Cable & System the supply chain efficiency, consistency and connectivity needed to succeed in today’s competitive marketplace.”
This new project further establishes LS C&S as a key partner in bolstering America’s energy security, expanding domestic manufacturing capacity, and reducing reliance on foreign supply chains for critical materials. By growing its presence in Chesapeake, the company is supporting U.S. energy leadership and national security while demonstrating strong confidence in the skilled workforce and strategic advantages of the Hampton Roads region.
The project is expected to break ground in 2026, contingent upon the successful completion of all federal, state, and local permitting processes, the conclusion of applicable incentive negotiations, and the receipt of all required internal and external approvals.
About LS Cable & System Ltd.
LS Cable & System Ltd., founded in 1962, is one of the world’s leading manufacturers of power and communication cable solutions. The company operates a global network of more than 6,500 employees and 40 subsidiaries across 17 countries, delivering advanced technologies that support modern power grids, alternative energy development, and high-performance communications infrastructure. Through continuous investment in innovation and manufacturing excellence, LS Cable & System remains a trusted partner to utilities, industries, and governments worldwide. For more information, visit www.lscns.com.
Governor Glenn Youngkin, 74th Governor, Commonwealth of Virginia
(From left to right) Patrick Y. Shim, Managing Director, LS Cable & System; Gisu Kim, Regional President of North America, LS Cable & System; Paul Dabbar, U.S. Deputy Secretary of Commerce; Glenn Youngkin, 74th Governor, Commonwealth of Virginia; Bon-Kyu Koo, President & CEO, LS Cable & System; Juan Pablo Segura, Virginia Secretary of Commerce and Trade; Mayor Rick West, Mayor, City of Chesapeake; Steven Wright, Director of Economic Development, City of Chesapeake.
Patrick Y. Shim, Managing Director, LS Cable & System
Virginia Governor Glenn Youngkin with Bon-Kyu Koo, President & CEO, LS Cable & System
Virginia Governor Glenn Youngkin
Virginia Governor Glenn Youngkin with Bon-Kyu Koo President & CEO, LS Cable & System; (background) Paul Dabbar, U.S. Deputy Secretary of Commerce, and Patrick Y. Shim, Managing Director, LS Cable & System
