Hyosung Heavy Industries forms US joint venture to make high-voltage circuit breakers
Hyosung Heavy Industries is expanding its U.S. manufacturing footprint through a new joint venture to produce high-voltage circuit breakers in Pennsylvania. The company said June 16 that its subsidiary, Hyosung HICO, signed an agreement with a subsidiary of Quanta Services to establish Hyosung Hico Breaker, a joint venture for gas circuit breakers. The joint venture, incorporated in July, will…
Hyosung Heavy Industries has established a joint venture in the United States to manufacture high-voltage circuit breakers, signaling a significant expansion of its manufacturing presence in the country. The joint venture, Hyosung Hico Breaker, will be based at Quanta Services' existing facility in Canonsburg, Pennsylvania, and is set to begin production of circuit breakers ranging from 72.5 to 800 kilovolts as early as October.
This strategic move allows Hyosung to leverage Quanta Services' expertise in power and energy infrastructure, combining its own power equipment capabilities with Quanta's infrastructure know-how. The partnership is a strategic response to the growing demand for high-voltage circuit breakers in the U.S. power market, and it underscores Hyosung's commitment to strengthening its position in the American energy sector, with a track record of over 50 years in this domain.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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