LS Electric, a Korean electrical equipment manufacturer, said Wednesday it will invest 250 billion won ($168 million) to expand its switchgear production facility in the United States, as it seeks to strengthen its presence in the North American market. The company currently operates two switchgear plants in the U.S. — MCM Engineering II in Utah and the Bastrop Campus in Texas. The latest investment will be used to triple production capacity in the Utah facility by 2030, LS Electric said in a press release. The expansion project has enabled the company to secure property tax incentives from the Utah Inland Port Authority. Last year, LS Electric announced plans to invest a total of 350 billion won in its U.S. operations to establish a localized value chain spanning sales, planning, production and services. In addition to its existing offices in Chicago and Los Angeles, the company said it plans to open two new offices in Texas and Georgia within the first quarter to support sales and enhance customer service. "This plant expansion will help meet growing local demand for switchgear, parti