Taihan Cable & Solution’s South African unit secured a 52 billion won ($35.6 million) contract to supply medium and low voltage cables to South Africa’s struggling state utility Eskom. The deal strengthens the Korean manufacturer’s regional position as demand for grid expansion rises across Africa.
M-TEC, Taihan’s local subsidiary established in 2000, has capitalized on South Africa’s infrastructure modernization efforts. The company posted record sales of 123.5 billion won ($85.1 million) last year, a 33% increase from 2023, while doubling operating profit to 8.8 billion won.
The contract positions M-TEC to pursue additional orders as Eskom implements a five-year grid overhaul plan. South Africa has long struggled with power outages that hamper industrial productivity, creating urgent demand for grid upgrades.
Taihan views the contract as more than just revenue. The Korean cable maker is leveraging M-TEC’s local manufacturing base and regional connections to establish itself as a key infrastructure supplier across the continent.
The deal follows Taihan’s recent expansion in other markets, including an $630 million ultra-high voltage grid project in Singapore signed in October 2024 and over $720 million in U.S. orders this year as aging American infrastructure requires replacement.
M-TEC’s production capacity will increase when its expanded manufacturing facilities, under construction since late 2023, are completed in the coming months.
