HD Hyundai Electric Co., Ltd. to Invest 198 Billion Won in Facilities

[Financial News] HD Hyundai Electric Co., Ltd. disclosed on the 27th that it had decided to make a new facility investment of 198 billion won to expand production infrastructure for switchboards and distribution transformers. The investment of 198 billion won is equivalent to 9.74% of its equity capital (2.0329 trillion won). The investment will go toward production infrastructure, including factories for switchboards and distribution transformers and automation equipment.
HD Hyundai Electric said the investment is intended to proactively respond to growing global demand for power distribution equipment and build a foundation for expanding its integrated power distribution engineering business.
The company explained that the investment is aimed in particular at responding to continued orders for large-scale projects (Mega Projects) amid rising demand from AI data centers, as well as the ongoing trend of bundled orders for power distribution equipment. The investment also includes acquiring related tangible assets, such as structures and machinery.
The investment period runs from the first of next month through June 30, 2029. The board approved the resolution on October 27, 2026, with three outside directors in attendance.
HD Hyundai Electric said the investment amount may change depending on future business conditions and the progress of the investment. The planned end date of June 30, 2029, is also subject to change. Details of the investment will be delegated to the CEO.

[email protected] Han Young-jun Reporter