# Hammond Power Solutions increases capital program by $20 million for Monterrey expansion

Hammond Power Solutions announced an increase of approximately $20 million in its planned capital program over 2024 and 2025 to expand production in Monterrey, Mexico, for custom power transformers.

- Type: Expansion
- Announced: 2024-08-26
- Where: Monterrey, Mexico, Mexico
- Value: $15.0M (20.0M CAD)
- Status: announced
- Products: custom power transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hammond Power Solutions Inc.](https://endata.com/companies/32112.md)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2024/08/26/2935359/0/en/hammond-power-solutions-increases-planned-capital-program.html), 2024-08-26: "These investments will be made over the course of 2024 and 2025 to expand production in Monterrey to build custom power transformers which will remove current capacity bottlenecks and add significantly to our revenue capacity."
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/08/26/2935359/0/en/Hammond-Power-Solutions-Increases-Planned-Capital-Program.html), 2024-08-26: "Hammond Power Solutions today announced its intention to increase its planned capital program by approximately $20 million over two years."

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