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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

HD Hyundai Electric plans transformer plant expansions in Ulsan and Alabama · Endata

◂ Announcements

Electrical Equipmentworld trade 2024+7.2% 5Y CAGR

Oct 26, 2023EXPANSIONUlsan, South Korea

HD Hyundai Electric plans transformer plant expansions in Ulsan and Alabama

HD Hyundai Electric announced plans to expand its transformer plants in Ulsan, South Korea and Alabama, USA. The Ulsan plant will invest in core process integration, while the Alabama facility will add assembly space. The expansions are expected to increase annual sales by about KRW 220 billion from the second half of 2024.

Starts operating

Q3 2024

Status

Announced

Productstransformers

CompaniesHD Hyundai Electric

Sectors#Electrical Equipment

“본격적인 호황기를 맞은 글로벌 송배전 시장 기회를 활용해 변압기 생산 능력을 확충하고, 수익성 확대에 박차를 가할 것”hd.com

1 source
hd.com뉴스 | HD현대Oct 26, 2023

Summarized from public sources; check the original articles before acting on it.

More from HD Hyundai Electric

Nov 4, 2026EXPANSIONUlsan, South Korea, South Korea
HD Hyundai Electric starts new transformer plant in Ulsan, plans further expansion
HD Hyundai Electric etoday.co.kr
Feb 19, 2024EXPANSIONAlabama, United States, United States$13.5M
HD Hyundai Electric to expand transformer plant in Alabama
HD Hyundai Electric etnews.com
Feb 19, 2024EXPANSIONUlsan, South Korea, South Korea$20.4Mops Oct 2025
HD Hyundai Electric to expand transformer plants in Ulsan and Alabama
HD Hyundai Electric etnews.com mt.co.kr
Feb 19, 2024NEW FACILITYCheongju, Chungcheongbuk-do, South Korea, South Korea$88.0Mops Oct 2025
HD Hyundai Electric to build $1173B switchgear plant in Cheongju, South Korea
HD Hyundai Electric etnews.com
Dec 13, 2023NEW FACILITYCheongju, Chungcheongbuk-do, South Korea$90.0Mops Oct 2025
HD Hyundai Electric to build new circuit breaker plant in Cheongju, South Korea
HD Hyundai Electric ir.newspim.com biz.newdaily.co.kr
Nov 24, 2023CONTRACTDiriyah, Saudi Arabia$72.3M
HD Hyundai Electric wins KRW 94.3 billion power equipment order in Saudi Arabia
HD Hyundai Electric consumuch.com kedglobal.com transformer-technology.com

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