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HD Hyundai Electric to expand ultra-high voltage transformer plant in Ulsan · Endata

◂ Announcements

Apr 7, 2025EXPANSIONUlsan, South Korea

HD Hyundai Electric to expand ultra-high voltage transformer plant in Ulsan

HD Hyundai Electric signed an MOU with Ulsan City to invest 211.8 billion KRW in expanding its ultra-high voltage transformer factory in Ulsan, South Korea. The project began in April 2025 and is scheduled for completion by the end of 2026, creating about 130 new jobs.

Value

$158.0M (211.8B KRW)

Jobs

130

Starts operating

2026

Status

Under construction

Productsultra-high voltage transformers

CompaniesHD Hyundai Electric

Sectors#Electrical Equipment

“Based on our top-tier power equipment technology, we will produce high-quality power products to strengthen our market dominance and international competitiveness.”asiae.co.kr

1 source
asiae.co.krUlsan City and HD Hyundai Electric Sign Investment Agreement to Expand Extra-High Voltage Transformer Plant... Invest 211.8 Billion KRW - The Asia Business DailyApr 6, 2025

Summarized from public sources; check the original articles before acting on it.

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