LS Cable & System Announces Strategic Investment in Mexico to Expand North American Production Footprint
LS Cable & System Ltd. (“LS Cable & System” or “LS C&S”) today announced a strategic investment of approximately USD 156 million in LS Cable & System, S.A. de C.V. (“LSCMX”), its manufacturing subsidiary located in Querétaro, Mexico. The investment will significantly expand production capacity and further strengthen the company’s integrated manufacturing and supply chain platform across North America.
LS Cable & System Announces Additional Investment in Chesapeake, Virginia
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.
LS Cable & System Welcomes $99 Million Investment Tax Credit Under Section 48C of the Inflation Reduction Act
LS Cable & System Ltd. (“LS C&S”) welcomes the announcement that the United States Department of Energy (“DOE”) awarded LS GreenLink USA, Inc. (“LS GreenLink”) $99,060,000 in investment tax credits under Section 48C of the Inflation Reduction Act of 2022, also known as the Qualifying Advanced Energy Project Credit Program (“48C”).
