LS Eco Energy supplies power cables for Philippines' largest data center
LS Eco Energy, a Vietnam-based cable manufacturer under Korea's LS Cable & System, announced Monday that its Vietnamese subsidiary, LS-VINA, has supplied medium- and low-voltage power cables for STT Fairview Campus, the largest internet data center in the Philippines.
The campus is currently under construction by global internet data center, or IDC, provider STT GDC near Quezon City, Manila. STT GDC, a wholly owned subsidiary of ST Telemedia, operates under the Singaporean state-owned sovereign wealth fund, Temasek, and manages over 110 IDC facilities worldwide across Singapore, China, India and the UK.
Once completed, the facility will offer 124 megawatts of information technology capacity, catering to artificial intelligence and cloud companies in the region.
Amid the rapid expansion of AI and cloud industries in Southeast Asia, the local IDC market is projected to grow from around $8.8 billion in 2023, with the annual growth rate exceeding 10 percent by 2028.
"Large-scale IDC projects are currently underway not only in the Philippines but also in major Southeast Asian countries, including Vietnam, Indonesia and Malaysia," said LS Eco Energy CEO Lee Sang-ho. "We plan to actively target the Southeast Asian IDC market by leveraging our production competitiveness."
Meanwhile, LS Eco Energy is accelerating its global expansion, having recently begun exporting aluminum power cables to the US and achieving strong annual performance. The company is also exploring new business opportunities in submarine cables and rare-earth materials.
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