# 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.

- Type: Expansion
- Announced: 2025-01-20
- Where: Ulsan, South Korea, South Korea
- Value: $160.0M (211.8B KRW)
- Starts operating: 2028
- Status: announced
- Products: ultra-high-voltage transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [iusm.co.kr](https://www.iusm.co.kr/news/articleView.html?idxno=1048592), 2025-01-20: "HD현대일렉트릭은 20일 울산과 미국 앨라배마 변압기 공장 증설을 위해 3,968억원을 투자할 계획이다고 밝혔다."

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