# HD Hyundai Electric to expand transformer plants in Ulsan and Alabama

HD Hyundai Electric plans to invest 27.2 billion won in its Ulsan transformer plant and 18 billion won in its Alabama transformer plant to increase production capacity by about 20%.

- Type: Expansion
- Announced: 2024-02-19
- Where: Ulsan, South Korea, South Korea
- Value: $20.4M (27.2B KRW)
- Starts operating: Oct 2025
- Status: announced
- Capacity: 20% increase
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [etnews.com](https://www.etnews.com/20240219000332), 2024-02-19: "울산과 미국 앨라배마에 위치한 변압기 공장에 각각 272억원, 180억원을 투자해 생산능력을 약 20% 가량 확대할 계획이다."
- [mt.co.kr](https://www.mt.co.kr/industry/2024/03/13/2024031213245533246), 2024-03-12: "글로벌 전력기기 시장의 호황과 당사 생산능력 확대를 바탕으로 2030년에는 매출 5조원 이상을 달성할 수 있을 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.