# LS Electric to double ultra-high voltage transformer capacity in Busan

LS Electric will invest 80.3 billion won to expand its ultra-high voltage transformer production plant in Busan, South Korea. The expansion will double annual production capacity to 400 billion won, with completion by September 2025 and operations starting in October 2025.

- Type: Expansion
- Announced: 2024-05-21
- Where: Busan, South Korea
- Value: $60.0M (80.3B KRW)
- Starts operating: Oct 2025
- Status: announced
- Capacity: 400 billion won per year
- Products: ultra-high voltage transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LS Electric](https://endata.com/companies/15629.md)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/business/11021080), 2024-05-21: "LS Electric announced on the 21st that it will invest 80.3 billion won to expand its ultra-high-voltage power equipment production plant at its Busan plant."
- [mk.co.kr](https://www.mk.co.kr/en/business/11023598), 2024-05-24: "LS Electric announced on the 21st that it will increase its capacity to produce ultra-high-voltage transformers worth about 200 billion won per year to 400 billion won in September next year by expanding its production plant at its Busan site."

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