Iljin Electric to raise $75M for ultra-high voltage transformer and cable plant expansions

Iljin Electric decided on a 100 billion won ($75 million) rights offering to invest 68.2 billion won in expanding its ultra-high voltage transformer plant and 35 billion won in expanding its ultra-high voltage cable plant. The transformer plant capacity is expected to grow from 260 billion won in sales (end-2023) to 433 billion won by 2026, and the cable plant from 380 billion won to 620 billion won.

“이번 유상증자는 일진전기가 전력 분야에 글로벌 기업으로 한단계 올라가는 계기가 될 것”biz.newdaily.co.kr

• 2 sources
• biz.newdaily.co.kr일진전기, 1000억원 규모 유상증자 결정… "초고압변압기‧케이블 공장 투자" | 뉴데일리이가영 기자Nov 20, 2023
• asiae.co.krIljin Electric Seizes the Opportunity... Large-Scale Expansion with 100 Billion Won Capital Increase - The Asia Business DailyDec 4, 2023

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