HD Hyundai Electric breaks ground on 2nd US transformer plant

HD Hyundai Electric said Sunday that it held a groundbreaking ceremony on Friday for a second plant at its North American production base in Montgomery, Alabama, HD Hyundai Power Transformers USA. Construction is scheduled for completion in April next year. The new facility will span about 29,000 square meters within the existing site and is expected to generate roughly 200 billion won ($134 million) in annual revenue. The company plans to invest about $200 million to boost production of extra-h

By The Korea Herald