# 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.

- Type: Expansion
- Announced: 2025-01-19
- Where: Alabama, US and Ulsan, South Korea, United States
- Value: $274.0M
- Starts operating: 2026
- Status: announced
- Capacity: 30% increase; US plant to 150 units from 100, Ulsan plant to 360 units from 300
- Products: power transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [kedglobal.com](https://www.kedglobal.com/energy/newsView/ked202501190002), 2025-01-19: "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."

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