# 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.

- Type: Expansion
- Announced: 2025-01-20
- Where: Ulsan, South Korea
- Value: $275.0M (396.8B KRW)
- Starts operating: 2028
- Status: announced
- Products: ultra-high-voltage transformers (765 kV)
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [biz.chosun.com](https://biz.chosun.com/en/en-industry/2025/01/20/NPR6PTPA7NAT7GDCFUUQWTXK7U/), 2025-01-20: "By expanding production capacity, we will respond promptly to the rising demand for transformers while proactively preparing for changes in U.S. trade policies."
- [news.bizwatch.co.kr](https://news.bizwatch.co.kr/article/industry/2025/01/20/0022), 2025-01-20: "안정적인 재무구조를 바탕으로 국내외 초고압변압기 생산시설에 대한 증설 투자도 진행한다."

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