Last mentioned: Mar 8, 2026
Target Capacity Ramp-up
Expected completion of expansion projects to meet peak demand from grid modernization initiatives.
Expansion Announcement
Company announces major expansion of U.S. subsidiary to increase EHV transformer capacity.
Major Subsidiary Expansion
Announcement of a significant new expansion to solidify leadership in the North American EHV transformer market.
Record Backlog Reported
HD Hyundai Electric reports record-breaking order backlogs due to unprecedented U.S. grid demand.
Initial Capacity Expansion
The company completes an initial expansion of the Alabama facility, increasing production capacity by 50%.
Alabama Plant Acquisition
HD Hyundai Electric acquires the Montgomery, Alabama power transformer plant to establish a U.S. manufacturing base.
Alabama Plant Established
HD Hyundai Electric opens its first U.S. production facility in Montgomery, Alabama.
HD Hyundai Electric has announced a major expansion of its North American production subsidiary, targeting the critical shortage of extra-high voltage (EHV) power transformers. The move positions the South Korean firm to capitalize on the multi-billion dollar U.S. grid modernization effort and the rapid growth of energy-intensive industries like AI data centers.
HD Hyundai Electric is significantly expanding its U.S. production footprint for extra-high voltage power transformers to solidify its market leadership. The move addresses critical supply chain bottlenecks in the North American energy sector driven by grid modernization and the AI-led data center boom.