LS Cable & System Manufacturing Complex Investment in Chesapeake

planned

LS Cable & System Ltd. plans a $689 million investment in Chesapeake, Virginia, to develop a manufacturing complex producing magnetic copper wire and rare-earth magnets, critical for national defense systems and supporting energy and manufacturing sectors. The complex will include copper rod production using recycling and smelting, magnet wire production for automotive and industrial markets, and rare-earth magnet production for electric motors and advanced weapons systems. The project is expected to create more than 430 new jobs and supports reshoring manufacturing and securing critical supply chains.