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Hyosung Heavy Industries is pursuing an expansion of its local circuit breaker factory in Pune, India, to meet rising power demand. The article gives no investment amount or completion date.
Hyosung Heavy Industries will build a new export-only extra-high-voltage circuit breaker plant and expand related production equipment in Changwon, South Korea, with a total investment of 100 billion won. The plant is targeted for completion in the first half of 2026 and will raise breaker capacity to about 1.5 times the existing level.
Hyosung Heavy Industries will invest 100 billion KRW to expand its ultra-high-voltage transformer plants in Memphis, USA and Changwon, Korea, raising total UHV transformer capacity by about 40%, with Memphis capacity doubling.
Korea-based Hyosung Heavy Industries will invest $86.9 million to create 410 jobs at a new US production facility in Shelby County, Memphis, Tennessee, making power transformers. Production is planned to start by the first half of 2020.
