# Hyosung Heavy Industries building dedicated HVDC transformer factory in Changwon

Hyosung Heavy Industries is building a dedicated HVDC transformer factory at its Changwon plant, investing 254 billion won ($188 million), with completion targeted for July 2027. The factory will increase capacity to 1.5 times the 2024 level.

- Type: New facility
- Announced: 2026-09-28
- Where: Changwon, South Korea, South Korea
- Value: $188.0M (254.0B KRW)
- Starts operating: 16 Oct 2026
- Status: under construction
- Capacity: double previous capacity for 420 kV and above
- Products: HVDC transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hyosung Heavy Industries](https://endata.com/companies/5898.md)

## Sources

- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/10885883), 2026-09-28: "Foundation work is about 70 percent complete."
- [en.fnnews.com](https://en.fnnews.com/news/202610160945592294), 2026-10-16: "Hyosung Heavy Industries has completed a new plant in Changwon, South Gyeongsang Province, for export-oriented ultra-high-voltage circuit breakers."

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