The company said Sunday it held a groundbreaking ceremony March 6 (local time) for a second factory at its North American unit, HD Hyundai Power Transformers USA, in Montgomery, Alabama.
The new plant will be built on the existing site and cover 29,000 square meters (about 8,800 pyeong). It is scheduled for completion in April next year.
HD Hyundai Electric plans to invest about $200 million to increase extra-high-voltage transformer production capacity by 50% and to install testing and production facilities for 765-kV transformers, as demand rises for U.S. extra-high-voltage transmission grid projects.
The North American unit was established in 2011 as the first U.S.-based transformer manufacturing plant set up by a South Korean power equipment company, and it is the largest power transformer production facility in the United States, the company said.
A company official said the North American operation has played a key role in strengthening HD Hyundai Electric’s position in the U.S. market.
“By successfully completing this second factory and creating synergy with the expansion of our Ulsan plant, which is scheduled to be completed in September this year, we will further strengthen our leadership in the North American extra-high-voltage transformer market,” the official said.
Attendees at the event included HD Hyundai Electric President Kim Young-gi; Lee Jun-ho, consul general of the Republic of Korea in Atlanta; Ellen McNair, Alabama secretary of commerce; Cornelius “CC” Calhoun, chairman of the Montgomery City Council; and representatives of key customers and partner companies.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.