LS Electric to invest 250 bln won to expand U.S. switchgear plant | Yonhap News Agency

## Summary
OK SEOUL, March 18 (Yonhap) -- LS Electric Co., a South Korean electrical equipment manufacturer, said Wednesday it will invest 250 billion won (US$168 million) to expand its switchgear production facility in the United States, as it seeks to strengthen its presence in the North American market. This file photo provided by LS Electric Co. shows its switchgear plant, MCM Engineering II, in Utah. (PHOTO NOT FOR SALE) (Yonhap) kyongae.choi@yna.co.kr (END) Related Articles LS Electric 2025 net profit up 15.6 pct to 280 bln won LS Electric starts construction of grid-connected ESS facility in Japan LS Electric wins 110 bln-won transformer supply deal from U.S. Korea, U.S. conduct joint drills Police vow zero tolerance for terror threats against BTS comeback concert S. Korea holds parliamentary elections Preparations for BTS' Gwanghwamun concert Anti-U.S. rally Ahead of BTS' Gwanghwamun concert prev LS Electric to invest 250 bln won to expand U.S. switchgear plant Next LS Electric to invest 250 bln won to expand U.S. switchgear plant

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SEOUL, March 18 (Yonhap) -- LS Electric Co., a South Korean electrical equipment manufacturer, said Wednesday it will invest 250 billion won (US$168 million) to expand its switchgear production facility in the United States, as it seeks to strengthen its presence in the North American market.
The company currently operates two switchgear plants in the U.S. -- MCM Engineering II in Utah and the Bastrop Campus in Texas. The latest investment will be used to triple production capacity in the Utah facility by 2030, LS Electric said in a press release.
The expansion project has enabled the company to secure property tax incentives from the Utah Inland Port Authority.
Last year, LS Electric announced plans to invest a total of 350 billion won in its U.S. operations to establish a localized value chain spanning sales, planning, production and services.
In addition to its existing offices in Chicago and Los Angeles, the company said it plans to open two new offices in Texas and Georgia within the first quarter to support sales and enhance customer service.
"This plant expansion will help meet growing local demand for switchgear, particularly from the rapidly expanding data center sector," a company spokesperson said.
This file photo provided by LS Electric Co. shows its switchgear plant, MCM Engineering II, in Utah. (PHOTO NOT FOR SALE) (Yonhap)
kyongae.choi@yna.co.kr
(END)
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LS Electric to invest 250 bln won to expand U.S. switchgear plant

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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- Keywords #LS Electric #US investment Articles with issue keywords Most Liked 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert (2nd LD) N.

### Implications
- OK SEOUL, March 18 (Yonhap) -- LS Electric Co., a South Korean electrical equipment manufacturer, said Wednesday it will invest 250 billion won (US$168 million) to expand its switchgear production facility in the United States, as it seeks to strengthen its presence in the North American market.
- The latest investment will be used to triple production capacity in the Utah facility by 2030, LS Electric said in a press release.
- In addition to its existing offices in Chicago and Los Angeles, the company said it plans to open two new offices in Texas and Georgia within the first quarter to support sales and enhance customer service. "This plant expansion will help meet growing local demand for switchgear, particularly from the rapidly expanding data center sector," a company spokesperson said.
- Keywords #LS Electric #US investment Articles with issue keywords Most Liked 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert (2nd LD) N.

### Expert Commentary
This article covers korea, electric, won topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 528.