이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Korea’s Taihan Electric Wire mulling production facility in Saudi Arabia
- Collected
- 2016.05.10
- Distributed
- 2016.05.11
- Source
- Go Direct
Taihan Electric Wire, has recorded profit last two years, and wants to use the momentum to increase its presence in Vietnam, South Africa and the Middle East. Choi had been a part of the largest-ever business entourage that accompanied President Park Geun-hye in her state visit to Iran earlier this month. He then went to Saudi Arabia to look for potential plant sites. During his stay in Iran, Choi discussed investment and technology partnership deals with a major wire company in Iran, Choi explained. The company also plans to up stakes in manufacturing subsidiaries in Vietnam and South Africa for more aggressive management, he said.
The company returned to a profit of 15.6 billion won in 2014 and 28.1 billion won in 2015 after incurring loss of 198.5 billion won in 2013 as a part of its endeavors to clean up distressed assets and liabilities. The company plans to stick to its core business, but will review venturing into future businesses like renewable energy, he said.
By Park Yong-beom
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