HD Hyundai Power Transformers USA Inc. is investing more than $14 million to expand its Montgomery facility and create 50 new jobs. The expansion is expected to increase production at the facility by 10%.
“We have worked hard to develop long-lasting relationships with Korean companies, so it’s great to see HD Hyundai Power Transformers USA Inc. move ahead with a plan to expand the production capabilities of its Montgomery facility,” said Ellen McNair, secretary of the Alabama Department of Commerce.
The expansion includes a new warehouse and expanding yard storage to house materials and spare parts. It also includes acquiring a new modular transporter to facilitate the movement of parts and materials.
“This expansion will deepen the company’s roots in the state and extend our partnership to a new level,” said C.G. Son, president and COO of HD-HPT.
Initially, 15 employees will be hired for the new storage and warehouse, with the potential to increase to 50.
“HD Hyundai Power Transformers USA Inc. is part of Montgomery’s robust industrial sector that is demonstrating a strong commitment to community development and economic expansion within our capital city,” said Anna Buckalew, president and CEO of the Montgomery Area Chamber of Commerce.
The company, which started as one of the affiliated factories of Hyundai Electric Systems, began operations in Montgomery in 2011, its first U.S. production plant for South Korea’s electric power industry. It currently employs 426 people, producing power transformers annually for the U.S. market.
