HD Hyundai Electric to invest $274M in transformer capacity expansion

HD Hyundai Electric plans to invest 400 billion won ($274 million) to expand transformer production capacity by about 30% at its plants in Alabama, US, and Ulsan, South Korea by early 2026.

“HD Hyundai Electric Co., a South Korean electric power equipment maker, plans to invest about half of its 2024 operating profit... to ramp up production capacity by some 30% at its plants in Alabama, US, and Ulsan, Korea by early 2026.”kedglobal.com

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• kedglobal.comHD Hyundai Electric to invest $274 mn in transformer output ramp-ups - KED GlobalSang Hoon Sung, Jin-Won KimJan 19, 2025

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