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Hammond Power Solutions signed a long-term lease for a new manufacturing facility in Fort Worth, Texas, to produce large standard and custom-engineered transformers. Production is expected to begin in Q4 2027, with an initial investment of approximately CAD $50 million and capacity of CAD $250 million.
“The Fort Worth facility gives us additional capacity in the U.S. to improve responsiveness, support shorter delivery distances for certain customers, and help us continue to provide the reliability and service our customers expect from HPS.”wnbc.marketminute.com
Summarized from public sources; check the original articles before acting on it.