Hyosung Heavy Industries wins 287 million dollars in US orders

Hyosung Heavy Industries has secured approximately $287 million in orders for ultra-high-voltage transformers from major U.S. technology companies in September, marking a significant milestone in the company's strategic growth plan. Hyosung Group Chairman Cho Hyun-joon's efforts to establish a localized U.S. production and solutions system have begun to yield results, with the orders for transformers destined for new AI data centers in the northern and southern regions of the United States.

The transformers, including 765kV and 345kV models, are critical components for the high electricity consumption of these data centers. This achievement underscores Hyosung's position as a key player in the local power infrastructure market, particularly in the wake of the AI-driven shift in the power market. Chairman Cho has emphasized that the company will aim to become a global top-three player within five years, leveraging its comprehensive solution offerings that include transformers, circuit breakers, power stabilization systems, and energy storage solutions.

The recent orders validate the company's forward-looking strategy and commitment to the AI era, as demand for power infrastructure continues to surge in the United States, with projections indicating a 15% compound annual growth rate through 2030.