HD Hyundai Electric to invest $1.6B in Ulsan and Alabama transformer plant expansions

HD Hyundai Electric announced a 396.8 billion won ($1.6 billion) investment to expand ultra-high-voltage transformer production at its Ulsan plant in South Korea and build a second plant at its Alabama facility in the US. The Ulsan expansion alone accounts for 211.8 billion won.

“HD현대일렉트릭은 20일 울산과 미국 앨라배마 변압기 공장 증설을 위해 3,968억원을 투자할 계획이다고 밝혔다.”iusm.co.kr

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• iusm.co.krHD현대일렉트릭, 울산공장 증설 2118억 투자 < 기업 < 경제 < 뉴스 < 기사본문 - 울산매일 - 울산최초, 최고의 조간신문강태아 기자Jan 20, 2025

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