Hyosung Heavy Industries will expand production facilities for ultra-high-voltage circuit breakers to meet surging global demand for power infrastructure.
Hyosung Heavy Industries said on the 24th it will invest a total of 100 billion won to build a new dedicated export plant for ultra-high-voltage circuit breakers and expand production facilities in Changwon, South Gyeongsang.
The dedicated export plant for ultra-high-voltage circuit breakers aims to be completed in the first half of next year. Once the expansion is finished, production capacity for ultra-high-voltage circuit breakers will increase to about 1.5 times the current level.
The new plant will produce export-only ultra-high-voltage circuit breakers of 420·550·800 kV (kilovolts), and the products will be supplied to global markets including the United States, Europe, and the Middle East.
Hyosung Heavy Industries will also invest in expanding testing facilities, including withstanding voltage testers. Alongside the production line for ultra-high-voltage circuit breakers, it plans to expand manufacturing facilities for insulators, a key component of circuit breakers.
The expansion is a strategic move to respond to a surge in global demand for ultra-high-voltage circuit breakers, driven by increased power needs from data centers and artificial intelligence (AI) industries and the replacement of aging power infrastructure in advanced economies.
In addition, to meet soaring power demand driven by India's economic growth, the company is pushing to expand its local Pune circuit breaker plant. Demand for ultra-high-voltage circuit breakers is rising across both private and public projects.
Cho Hyun-joon, Hyosung chairman, said, "To respond to the expanding global demand for power infrastructure, it is essential to secure production capacity that can smoothly handle incoming orders. Going forward, we will deliver visible results with package-type total solutions, including ultra-high-voltage circuit breakers."