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flag LS Electric plans $240M investment in Texas to expand production, counter U.S. tariffs.

flag 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. flag The expansion aims to increase local manufacturing of mid-voltage electric equipment and switch gears, reducing tariff risks. flag 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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