Hyundai Heavy Industries, the Korean shipbuilder and engineering company, has completed the construction of a transformer factory in Alabama, US.

The 404,000m2 factory was built with an investment of $100m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The plant has an annual production capacity of 200 units of 500kV transformers.

Hyundai Heavy expects the new transformer plant to provide more sales opportunities for medium-sized transformers in both the North American and Latin American markets.

According to Goulden Reports, a research firm specialising in the electricity and electrical equipment markets, the US transformer market will grow to $4.3 billion by 2015 due to increasing demand for new equipment and expansion.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Power Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Power Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now