U.S., China Demand Set to Boost LS Cable Sales 30% in 2011
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LS Cable & System Ltd., South Korea’s biggest wire and cable maker, expects sales to jump 30 percent this year as demand increases in overseas markets including China and the U.S., President Son Jong Ho said.
The company, a unit of LS Corp., expects total sales to climb to about 10 trillion won ($9.3 billion) from 7.7 trillion in 2010, Son, also a co-CEO of the Anyang, South Korea-based firm, said in an interview yesterday.