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Submarine cable manufacturing facility to invest $681 million in new facility in Chesapeake

Governor Glenn Youngkin has announced that LS GreenLink USA, Inc. will invest $681 million to build a state-of-the-art 750,000-sq.-ft. high-voltage direct current submarine cable manufacturing facility to serve the global offshore wind industry on approximately 100 acres of brownfield in the City of Chesapeake. The new facility will create more than 330 full-time jobs.

“LS GreenLink’s investment in Virginia will showcase the Commonwealth as a leader in offshore wind industry manufacturing,” said Gov. Youngkin. “LS GreenLink has recognized that Virginia has the skilled talent, world-class logistics location, and business environment that will allow it to serve its growing global customers for submarine power cables.”

“We are proud that LS GreenLink has chosen the Commonwealth of Virginia to build its submarine cable facility and become a partner in advancing our goal of becoming the market leader in offshore wind technology, development, and deployment,” said Secretary of Commerce and Trade Caren Merrick. 

“This state-of-the-art facility represents our commitment to pushing the boundaries of technology and engineering,” said Bon-Kyu Koo, President & CEO of LS Cable & System, said,  “This facility will not only enhance our capability to meet the growing global demands for submarine power cables, but will also position us at the forefront of the industry.” 

“We look forward to being an active member of the business community in Virginia,” said Managing Director of LS GreenLink Patrick Y. Shim. “We would like to extend our sincere gratitude to our partners at the Virginia Economic Development Partnership, the Chesapeake Economic Development Authority, and the Hampton Roads Alliance.”

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