HD Hyundai Electric invests 400 billion won in transformer production expansion

HD Hyundai Electric announced a 396.8 billion won investment to build a new production facility in Ulsan, South Korea, and a second plant in Alabama, USA, to produce 765 kV ultra-high-voltage transformers, with effects expected from 2028.

“By expanding production capacity, we will respond promptly to the rising demand for transformers while proactively preparing for changes in U.S. trade policies.”biz.chosun.com

• 2 sources
• biz.chosun.comHD Hyundai Electric invests 400 billion won to boost transformer production in U.S. - CHOSUNBIZ정재훤 기자Jan 20, 2025
• news.bizwatch.co.kr초호황기 맞은 HD현대일렉, 추가 투자로 고성장 이어간다백유진 기자 [email protected]Jan 20, 2025

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