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LS Cable & System USA Announces $50 Million Expansion Investment in Tarboro, North Carolina

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LS Cable & System USA Announces $50 Million Expansion Investment in Tarboro, North Carolina
Business

Business

LS Cable & System USA Announces $50 Million Expansion Investment in Tarboro, North Carolina

2026-02-14 10:23 Last Updated At:02-15 14:39

TARBORO, N.C.--(BUSINESS WIRE)--Feb 13, 2026--

LS Cable & System USA, Inc. (“LSCUS” or the “company”), a US-based subsidiary of LS Cable & System Ltd. (“LS C&S”), today announced a $50 million investment to expand its manufacturing facility in Tarboro, North Carolina, underscoring the company’s commitment to onshoring advanced manufacturing to the United States, strengthening the supply chain, and serving as a key partner in the nation’s energy infrastructure.

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LS Cable & System USA Announces $50 Million Expansion Investment in Tarboro, North Carolina

LS Cable & System USA Announces $50 Million Expansion Investment in Tarboro, North Carolina

Roger Murry (Akin Gump), Sec. Lee Lilley (North Carolina Department of Commerce), Patrick Y. Shim (LS Cable & System), and Rep. Don Davis (U.S. House of Representatives)

Roger Murry (Akin Gump), Sec. Lee Lilley (North Carolina Department of Commerce), Patrick Y. Shim (LS Cable & System), and Rep. Don Davis (U.S. House of Representatives)

U.S. Congressman Don Davis and Gisu Kim, Regional President of North America, LS Cable & System

U.S. Congressman Don Davis and Gisu Kim, Regional President of North America, LS Cable & System

Bob Pike, President, Carolinas Gateway Partnership; Tate Mayo, Mayor of Tarboro; U.S. Congressman Don Davis; North Carolina Department of Commerce Secretary Lee Lilley; North Carolina Senator Kandie Smith; North Carolina State Representative Shelly Willingham; Gisu Kim, Regional President of North America, LS Cable & System, Ltd.; Bon-Kyu Koo, President & CEO of LS C&S; Sangho Lee, CFO of LS C&S; Hyun Chung, CEO of Gaon Cable; Taewon Son, CEO of LS Cable & System USA; Brian Hansoo Jo, Plant Director, LSCUS Tarboro; and Patrick Y. Shim, Managing Director, LS C&S

Bob Pike, President, Carolinas Gateway Partnership; Tate Mayo, Mayor of Tarboro; U.S. Congressman Don Davis; North Carolina Department of Commerce Secretary Lee Lilley; North Carolina Senator Kandie Smith; North Carolina State Representative Shelly Willingham; Gisu Kim, Regional President of North America, LS Cable & System, Ltd.; Bon-Kyu Koo, President & CEO of LS C&S; Sangho Lee, CFO of LS C&S; Hyun Chung, CEO of Gaon Cable; Taewon Son, CEO of LS Cable & System USA; Brian Hansoo Jo, Plant Director, LSCUS Tarboro; and Patrick Y. Shim, Managing Director, LS C&S

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260213830112/en/

The expansion will add two additional Continuous Catenary Vulcanization (CCV) production lines, significantly increasing capacity for medium-voltage power distribution cable manufacturing. These new CCV lines will support growing demand from electric utilities, renewable energy projects, data centers, and industrial customers across North America. The investment will also increase total employment at the facility from 250 to 335 jobs.

“This announcement demonstrates LS Cable & System USA’s confidence in North Carolina,” said North Carolina Governor Josh Stein. “We are home to the largest manufacturing workforce in the Southeast and a thriving business environment that makes our state attractive to companies looking to grow. North Carolina is eager to support LS Cable & System as it strengthens the domestic supply chain to energize our nation.”

“North Carolina is proud to support LS Cable & System USA’s expansion in Tarboro,” said North Carolina Department of Commerce Secretary Lee Lilley. “This project strengthens our state’s advanced manufacturing sector, supports critical energy infrastructure, and creates meaningful opportunities for rural workers and communities.”

“This $50 million expansion by LS Cable & System in Tarboro is a strong vote of confidence in North Carolina’s workforce and our role in strengthening America’s energy infrastructure,” said U.S. Senator Thom Tillis. “By onshoring advanced manufacturing and expanding domestic cable production, LS Cable & System is helping build a more resilient supply chain while creating good-paying jobs in eastern North Carolina. I’m proud to support investments like this that power economic growth and keep our state competitive.”

U.S. Senator Ted Budd said, “LS Cable & System is a fixture of eastern North Carolina’s business community, helping manufacture critical infrastructure our country depends on. Their work strengthens our economy, brings essential industries back to the United States, and creates good-paying jobs for North Carolinians. I’m glad to see this expansion of operations in Tarboro, and I look forward to the growing opportunities in eastern North Carolina that will result.”

“LS Cable & System USA's bold investment reflects a powerful commitment to creating jobs and driving long-term economic growth for Tarboro and beyond,” said U.S. Congressman Don Davis (NC-01). “As industrial energy demand surges nationwide, these investments are crucial to building the infrastructure that supports America's future. We extend our gratitude to the LS Cable & System USA team for recognizing the tremendous value of our community and for their unwavering dedication to our future.”

North Carolina Senator Kandie Smith said, “Economic development in Edgecombe County is about creating sustainable growth while honoring the strength of our rural communities. Investments like this help ensure Tarboro remains competitive, resilient, and positioned for long-term success.”

"This $50 million expansion in Tarboro is a significant investment in the people and future of Edgecombe County. It will create new jobs for local citizens while strengthening our tax base, resources that help support our schools, infrastructure, and essential services. This is exactly the kind of economic growth we need: growth that benefits working families and positions our community for long-term success," said North Carolina State Representative Shelly Willingham.

“LS Cable & System USA continues to achieve strong success in Tarboro and Edgecombe County and this latest expansion investment of $50 million with two new production lines is a testament to their commitment to our region and the growing demand for power distribution cables,” said Bob Pike, President of the Carolinas Gateway Partnership.

Tate Mayo, Mayor of the Town of Tarboro said, “This $50 million expansion by LS Cable & System USA is a tremendous vote of confidence in Tarboro and in the hardworking people of Edgecombe County. We are proud that a global leader in advanced manufacturing continues to choose Tarboro for long-term growth, job creation, and investment in our community. This project strengthens our local economy while supporting critical infrastructure across the nation and beyond.”

“This investment reflects LS Cable & System’s long-term vision to expand our global manufacturing footprint while localizing production in key strategic markets,” said Bon-Kyu Koo, President & CEO of LS Cable & System, Ltd. “As electrification, energy transition, and grid modernization accelerate worldwide, we are making disciplined, forward-looking investments to ensure we can reliably support our customers and partners for decades to come.”

“North America is one of the most important growth regions for LS Cable & System,” said Gisu Kim, Regional President of North America, LS Cable & System, Ltd. “The Tarboro expansion strengthens our regional manufacturing base, enhances supply chain resilience, and positions us to respond quickly to increasing demand across utilities, renewable energy, and industrial sectors.”

“This expansion demonstrates our continued focus on advanced manufacturing and technology leadership,” said Jeong Hyeon, President & CEO of Gaon Cable Co., the parent company of LSCUS and a subsidiary of LS C&S. “By adding new CCV production capacity in Tarboro, we are supporting the reliable delivery of quality power distribution solutions to the North American market.”

“This investment allows LS Cable & System USA to significantly scale our medium-voltage manufacturing capabilities while maintaining the high standards our customers expect,” said Taewon Son, President & CEO of LS Cable & System USA, Inc. “The Tarboro facility has a strong operational foundation, and these new CCV lines will enable us to grow alongside our customers and support critical infrastructure projects across the country.”

“Beyond manufacturing capacity, this expansion represents a continued investment in the Edgecombe County and the broader region,” said Patrick Y. Shim, Managing Director of LS Cable & System, Ltd. “We value the partnerships we have built with local leaders, institutions, and the workforce, and we remain committed to being a long-term contributor to economic development and community growth in North Carolina and across the United States.”

The Tarboro expansion builds on a series of significant investments by LS Cable & System, Ltd., and its subsidiaries, across North America in recent months:

The Tarboro facility expansion is expected to enhance operational efficiency, strengthen domestic supply chains, and further position LS Cable & System USA as a key supplier of medium-voltage power cables in the U.S. market. LS C&S also plans to continue investing in North America throughout 2026, building on its ongoing commitment to advanced manufacturing, supply chain resilience, and the nation’s energy infrastructure.

About LS Cable & System Ltd.
Founded in 1962, LS Cable & System Ltd. is one of the world’s leading manufacturers of power and communication cable solutions. LS C&S employs more than 6,500 people and operates over 40 subsidiaries across 17 countries, delivering advanced technologies that support modern power grids, alternative energy development, and high-performance communications infrastructure. For more information, visit www.lscns.com.

LS Cable & System USA Announces $50 Million Expansion Investment in Tarboro, North Carolina

LS Cable & System USA Announces $50 Million Expansion Investment in Tarboro, North Carolina

Roger Murry (Akin Gump), Sec. Lee Lilley (North Carolina Department of Commerce), Patrick Y. Shim (LS Cable & System), and Rep. Don Davis (U.S. House of Representatives)

Roger Murry (Akin Gump), Sec. Lee Lilley (North Carolina Department of Commerce), Patrick Y. Shim (LS Cable & System), and Rep. Don Davis (U.S. House of Representatives)

U.S. Congressman Don Davis and Gisu Kim, Regional President of North America, LS Cable & System

U.S. Congressman Don Davis and Gisu Kim, Regional President of North America, LS Cable & System

Bob Pike, President, Carolinas Gateway Partnership; Tate Mayo, Mayor of Tarboro; U.S. Congressman Don Davis; North Carolina Department of Commerce Secretary Lee Lilley; North Carolina Senator Kandie Smith; North Carolina State Representative Shelly Willingham; Gisu Kim, Regional President of North America, LS Cable & System, Ltd.; Bon-Kyu Koo, President & CEO of LS C&S; Sangho Lee, CFO of LS C&S; Hyun Chung, CEO of Gaon Cable; Taewon Son, CEO of LS Cable & System USA; Brian Hansoo Jo, Plant Director, LSCUS Tarboro; and Patrick Y. Shim, Managing Director, LS C&S

Bob Pike, President, Carolinas Gateway Partnership; Tate Mayo, Mayor of Tarboro; U.S. Congressman Don Davis; North Carolina Department of Commerce Secretary Lee Lilley; North Carolina Senator Kandie Smith; North Carolina State Representative Shelly Willingham; Gisu Kim, Regional President of North America, LS Cable & System, Ltd.; Bon-Kyu Koo, President & CEO of LS C&S; Sangho Lee, CFO of LS C&S; Hyun Chung, CEO of Gaon Cable; Taewon Son, CEO of LS Cable & System USA; Brian Hansoo Jo, Plant Director, LSCUS Tarboro; and Patrick Y. Shim, Managing Director, LS C&S

INDIANAPOLIS (AP) — More than 24 hours before the first shot flew at a Final Four that really feels like a five-team affair, Arizona already had a win.

The Wildcats kept their coach from bolting to that fifth team — North Carolina.

Tommy Lloyd dropped the news of the contract extension that will keep him in Tucson through 2031 at Friday's news conference in advance of a titanic matchup against Michigan.

The meandering coaching search at one of the country's most storied programs has shared headlines with Saturday night's much-anticipated national semifinal that happens to feature two of Carolina's reported coaching targets.

"We’ve been able to get some things done the past couple days," Lloyd said.

Like Lloyd, Michigan coach Dusty May has spent most of this tournament batting down speculation that he might be the replacement for Hubert Davis, who was fired after the Tar Heels blew a 19-point lead in a loss to VCU in the first round of the tournament last month.

Not surprisingly, May was asked about it again the day before the big game.

“Yeah, I love it at Michigan, but you’ll never hear me comment on any other job unless Michigan lets me go and then I’ll comment on every job,” he said.

It's no big surprise that these two coaches are among the hottest commodities in hoops. Just look at the teams they brought to Indy.

There are no fewer than nine potential NBA stars sprinkled across the two rosters, which is why the winner of this, the second of Saturday night's semifinals, will almost certainly be a favorite against the UConn-Illinois winner in the undercard.

“It's the Final Four for a reason. It's the best teams, the best four," Arizona freshman Brayden Burries said. "UConn, Illinois, they're great teams. If we do win Saturday, we know we have a great shot at it. But no, we're not thinking about that now.”

Depending on which mock draft you check, Arizona's top NBA pick will either be Koa Peat (14 points, 5.5 rebounds) or Burries, a 16-point-a-game, McDonalds All-American who is shooting 68% from 3 over the tournament.

It's a striking stat for a team that attempted the third-lowest percentage of 3s in the country, if only because of all the tall, lanky talent it has across the court.

“We're doubling down on what we're good at, and we're believing in Coach Lloyd," said Arizona guard Jaden Bradley, a senior who has spent three years in Tucson after transferring from Alabama. “I like to get in the paint and get fouled. And when teams take that away, we're capable from 3 and we can knock those down, as well.”

Michigan is a 1 1/2-point favorite, according to the BetMGM Sportsbook, in a matchup of the top two teams in the KenPom rankings.

Michigan's best — but hardly its only — NBA prospect is Yaxel Lendeborg, who has scored 25, 23 and 27 in three straight blowout wins in the tournament.

Lendeborg came to Michigan last offseason from UAB. He was part of a quick rebuild, the likes of which are made possible in the era of the rapid-fire transfer portal. The architect is May, who himself arrived in Ann Arbor two seasons ago, just a year removed from a Final Four appearance with Florida A&M.

Michigan's four top scorers — Lendeborg, Morez Johnson Jr., Aday Mara and Elliot Cadeau — played at different colleges last season.

May conceded to feeling some relief now that the transfer portal is considered a legit way to build a roster. Gone are the days of spending hundreds of hours recruiting high schoolers, only to learn that they've chosen someplace else.

“When I say we’re saving time, we don’t waste time with all the other things,” May said. “We still have to do our research. We still have the intel. We still have to spend an inordinate amount of time. We just don’t have to spend it the way we used to.”

As this Final Four is showing, it's not just the players whose every move is under a microscope.

“I didn’t want to make this entire Final Four about that because I’m just a small part of something much bigger,” Lloyd said of his contract extension. “But on that same note, I’d also like to let you know that North Carolina is an amazing place. I mean, it’s a one of one. It’s an honor to even be considered for that job.”

AP March Madness bracket: https://apnews.com/hub/ncaa-mens-bracket and coverage: https://apnews.com/hub/march-madness

Arizona guard Brayden Burries smiles after a win over Purdue in the Elite Eight of the NCAA college basketball tournament, Saturday, March 28, 2026, in San Jose, Calif. (AP Photo/Kelley L Cox)

Arizona guard Brayden Burries smiles after a win over Purdue in the Elite Eight of the NCAA college basketball tournament, Saturday, March 28, 2026, in San Jose, Calif. (AP Photo/Kelley L Cox)

Michigan's Yaxel Lendeborg passes during practice ahead of an NCAA college basketball tournament semifinal game against Arizona at the Final Four, Friday, April 3, 2026, in Indianapolis. (AP Photo/Michael Conroy)

Michigan's Yaxel Lendeborg passes during practice ahead of an NCAA college basketball tournament semifinal game against Arizona at the Final Four, Friday, April 3, 2026, in Indianapolis. (AP Photo/Michael Conroy)

Michigan head coach Dusty May watches during practice ahead of an NCAA college basketball tournament semifinal game against Arizona at the Final Four, Friday, April 3, 2026, in Indianapolis. (AP Photo/Michael Conroy)

Michigan head coach Dusty May watches during practice ahead of an NCAA college basketball tournament semifinal game against Arizona at the Final Four, Friday, April 3, 2026, in Indianapolis. (AP Photo/Michael Conroy)

Arizona head coach Tommy Lloyd watches during practice ahead of an NCAA college basketball tournament semifinal game against against Michigan at the Final Four, Friday, April 3, 2026, in Indianapolis. (AP Photo/Michael Conroy)

Arizona head coach Tommy Lloyd watches during practice ahead of an NCAA college basketball tournament semifinal game against against Michigan at the Final Four, Friday, April 3, 2026, in Indianapolis. (AP Photo/Michael Conroy)

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