# 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.

- Type: Expansion
- Announced: 2023-10-26
- Where: Ulsan, South Korea
- Starts operating: Q3 2024
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [hd.com](https://www.hd.com/kr/newsroom/media-hub/press/view?detailsKey=1945&srchTagYn=Y), 2023-10-26: "본격적인 호황기를 맞은 글로벌 송배전 시장 기회를 활용해 변압기 생산 능력을 확충하고, 수익성 확대에 박차를 가할 것"

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