Seoul: LS Electric Co., a South Korean electrical equipment manufacturer, announced a significant investment of 250 billion won (US$168 million) to expand its switchgear production facility in the United States. The expansion aims to bolster the company's presence in the North American market.

According to Yonhap News Agency, LS Electric currently operates two switchgear plants in the U.S., MCM Engineering II in Utah and the Bastrop Campus in Texas. The new investment will focus on tripling the production capacity at the Utah facility by 2030. This expansion has also enabled the company to secure property tax incentives from the Utah Inland Port Authority.

Last year, the company declared its intention to invest a total of 350 billion won in its U.S. operations. This investment strategy is part of a broader effort to establish a localized value chain that includes sales, planning, production, and services.

In addition to expanding its production capabilities, LS Electric plans to enhance its customer service infrastructure. The company will open two new offices in Texas and Georgia within the first quarter, complementing its existing offices in Chicago and Los Angeles. This move is aimed at supporting sales and improving customer service.

"This plant expansion will help meet growing local demand for switchgear, particularly from the rapidly expanding data center sector," said a company spokesperson.