Hyosung to expand ultra-high voltage transformer plants

[Courtesy of Hyosung Heavy Industries]

South Korea’s Hyosung Heavy Industries announced plans to expand its ultra-high voltage transformer factories to meet the growing global demand for power grid infrastructure. The move is part of the company’s strategy to swiftly address the increasing electricity needs for many industry sectors including AI servers, electric vehicles, and semiconductors.

Hyosung Heavy Industries revealed a 100 billion won ($73 million) investment on Wednesday, and the funds will be used to enhance its ultra-high voltage transformer plants in Memphis, USA, and Changwon, Korea. The company’s production capacity for ultra-high voltage transformers will increase by 1.4 times its current capacity once the expansions are completed.

The Memphis plant will add a new test line as well as expanding its testing and production facilities. The facility’s production capacity is expected to double once these upgrades are completed.