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LS Electric plans $240M investment in Texas to expand production, counter U.S. tariffs.
South Korean company LS Electric plans to invest $240 million to expand its production facility in Bastrop, Texas, by 2030, in response to U.S. import tariffs.
The expansion aims to increase local manufacturing of mid-voltage electric equipment and switch gears, reducing tariff risks.
LS Electric seeks to raise overseas sales to 70% by 2030, up from 50%, and establish a stronger presence in North America.
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LS Electric planea invertir $240 millones en Texas para expandir la producción y contrarrestar los aranceles estadounidenses.