# HET to invest KRW 14.5B in transformer manufacturing expansion in Ulsan

HET signed an MOU with Ulsan City to invest 14.5 billion won in building a new intelligent factory for winding production for high-capacity transformers, relocating and expanding its plant within the Ulsan industrial complex. Completion is targeted by end of 2026.

- Type: Expansion
- Announced: 2026-02-19
- Where: Ulsan, South Korea
- Value: $10.8M (14.5B KRW)
- Starts operating: 2026
- Status: announced
- Products: power transformers, windings for high-capacity transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [HET](https://endata.com/companies/90430.md)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20260218056000057), 2026-02-18: "에이치이티는 고용량 변압기(154∼400㎸) 소재인 권선을 제작하는 지능형 공장 신축을 위해 145억원을 투입한다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.