Core Insights - HD Hyundai Electric is expanding its North American production subsidiary to enhance its leadership in the extra high voltage power transformer market [1][7] Group 1: Expansion Details - A groundbreaking ceremony for a second plant at HD Hyundai Power Transformers USA in Montgomery, Alabama, was held on March 6, 2026 [2] - The new facility will cover approximately 312,000 square feet and is expected to be completed by April 2027 [3] - The company plans to invest around $200 million to increase production capacity by 50% and to establish manufacturing capabilities for 765-kilovolt-class transformers [3] Group 2: Financial Impact - The new plant is projected to generate an additional annual revenue of approximately 200 billion won [3] - Revenue for HD Hyundai Power Transformers USA has increased from about $100 million in 2017 to around $400 million in 2025 [6] Group 3: Historical Context and Commitment - Established in 2011, HD Hyundai Power Transformers USA is the first U.S.-based transformer manufacturing subsidiary by a Korean power equipment company and has become the largest facility of its kind in the U.S. [4] - The company has made significant investments in the subsidiary, totaling $118 million over the years to enhance production capabilities [5] Group 4: Workforce Development - The workforce has grown from approximately 100 employees in 2011 to around 460 in 2025, with plans to hire an additional 200 employees following the completion of the second plant [6]