# Hyundai Heavy Industries Power Systems opens boiler plant in Penglai, China

Hyundai Heavy Industries Power Systems (HPS) and joint venture partner Bingyun Group completed a new boiler and HRSG plant in Penglai, Yantai, China. The plant covers 97,236 m², with an investment of about 300 million yuan (approx. 58 billion won), and will produce HRSG, industrial boilers, and CFBC boilers.

- Type: New facility
- Announced: 2025-03-21
- Where: Penglai, Yantai, Shandong, China
- Value: $41.4M (300.0M CNY)
- Starts operating: 21 Mar 2025
- Status: completed
- Capacity: up to 80,000 tons per year (combined with existing Yantai plant)
- Products: boilers, HRSG, CFBC boilers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hyundai Heavy Industries Power Systems](https://endata.com/companies/39438.md)
- [Bingyun Group](https://endata.com/companies/83758.md) (partner)

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/business/11275945), 2025-03-28: "현대중공업파워시스템은 지난 21일 중국 산둥성 옌타이시 펑라이에 신설한 대규모 보일러 및 HRSG 공장의 준공식을 진행했다고 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.