# HD Hyundai Electric to build new circuit breaker plant in Cheongju, South Korea

HD Hyundai Electric will invest 117.3 billion won to build a new medium- and low-voltage circuit breaker plant in Cheongju, South Korea. Construction starts April 2024, completion October 2025, with production capacity of about 13 million units by 2030.

- Type: New facility
- Announced: 2023-12-13
- Where: Cheongju, Chungcheongbuk-do, South Korea
- Value: $90.0M (117.3B KRW)
- Starts operating: Oct 2025
- Status: announced
- Capacity: 13 million units per year by 2030
- Products: medium- and low-voltage circuit breakers, distribution equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20231213000694), 2023-12-13: "HD현대일렉트릭은 13일 이사회를 열고 중저압차단기 공장 건설을 위해 1173억원 투자를 결정했다고 공시했다."
- [biz.newdaily.co.kr](https://biz.newdaily.co.kr/site/data/html/2023/12/13/2023121300176.html), 2023-12-13: "글로벌 에너지 전환 흐름이 가속화 됨에 따라 향후 배전기기 수요가 크게 늘 것으로 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.