NKT and Walsin Lihwa have officially signed a JV to provide technical support for the construction of the first subsea power cable factory in Taiwan.
The factory will produce high- and medium-voltage AC power cables mainly for the Taiwanese offshore wind market.
This is expected to grow rapidly in the next decade to drive the green transition of the country.
During the visit to Taiwan, NKT will also inspect the land in Kaohsiung where the coming subsea cable factory will be built.
Located in the southern part of Taiwan, the city of Kaohsiung is the country’s largest industrial centre and known as Taiwan’s Maritime Capital.
The location by the sea means an ideal site for a sea cable factory, NKT said.
NKT president and chief executive Alexander Kara said: “I am pleased to visit Taiwan and meet our new partners.
“The joint venture is a long-term commitment between Walsin Lihwa and NKT and we are excited to start the construction of the factory later this year.
“We expect high growth in the Taiwanese market in the coming decades and this partnership is an important first step for NKT to establish a presence and a platform for future growth in the region.”
The factory is expected to undergo trial runs end of 2025, and start full production in 2027.