# HD Hyundai Electric starts new transformer plant in Ulsan, plans further expansion

HD Hyundai Electric began full operation of a new transformer plant in Ulsan, South Korea, adding annual capacity for 40-50 transformers. The company also announced a KRW 198 billion investment for a second-phase expansion of its Cheongju distribution equipment campus.

- Type: Expansion
- Announced: 2026-11-04
- Where: Ulsan, South Korea, South Korea
- Status: completed
- Capacity: 40-50 transformers per year (new plant)
- Products: power transformers, distribution equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [HD Hyundai Electric](https://endata.com/companies/15628.md)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/2644101), 2026-11-04: "HD현대일렉트릭은 이달부터 울산 변압기 신공장을 본격 가동할 예정이다."

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