# Elpowertec expands transformer plant in Hwaseong, South Korea

Elpowertec invested about KRW 20 billion to expand its second factory in Hwaseong, Gyeonggi Province, to produce transformers for export to the US. The new facility has a capacity of about KRW 70 billion and is expected to start operations in July 2023.

- Type: Expansion
- Announced: 2023-02-09
- Where: Hwaseong, Gyeonggi Province, South Korea
- Value: $16.0M (20.0B KRW)
- Starts operating: Jul 2023
- Status: under construction
- Capacity: KRW 70 billion in production capacity
- Products: pad-mounted transformers, large transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Elpowertec](https://endata.com/companies/68459.md)

## Sources

- [electimes.com](https://www.electimes.com/news/articleView.html?idxno=315177), 2023-02-09: "새로운 시너지 창출을 위해 최근 제2공장을 마련했다. 이미 건물 매입은 완료됐고, 예상 케파는 700억원 정도로 기대된다"

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