HD Hyundai Electric expands US transformer manufacturing capacity

HD Hyundai Electric is strengthening its presence in the North American market, expanding its manufacturing capacity in the United States. The company said Sunday that it held a groundbreaking ceremony in Montgomery, Alabama, Friday (local time), for the second plant of HD Hyundai Power Transformers USA, its North American manufacturing subsidiary. The new facility, scheduled to be completed in April next year, will span 29,000 square meters within the existing Montgomery site. By investing $200 million, the company will expand its ultra-high-voltage transformer production capacity by 50 percent and establish new testing and production lines for 765-kilovolt transformers, a key component seeing rising demand as the U.S. pushes to add high-voltage backbone transmission networks to its power grid. Once completed, the new plant is expected to generate roughly 200 billion won ($134.68 million) in additional annual revenue. “The North American manufacturing subsidiary has played a pivotal role in strengthening our foothold in the U.S. market through localized manufacturing,” a company offi