# HD Hyundai Electric to expand transformer plant in Alabama

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

- Type: Expansion
- Announced: 2024-02-19
- Where: Alabama, United States, United States
- Value: $13.5M (18.0B KRW)
- 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."

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