# 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.

- Type: Expansion
- Announced: 2025-04-07
- Where: Ulsan, South Korea
- Value: $158.0M (211.8B KRW)
- Jobs: 130
- Starts operating: 2026
- Status: under construction
- 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

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2025040707422883635), 2025-04-06: "Based on our top-tier power equipment technology, we will produce high-quality power products to strengthen our market dominance and international competitiveness."

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