Montgomery, Alabama- July 26, 2024 — HD Hyundai Power Transformers USA, Inc. (HD-HPT) has announced a significant investment of over $14 million to expand its manufacturing facility in Montgomery, creating 50 new jobs. This expansion is a response to strong market demand and is expected to increase productivity by 10%. HD-HPT is constructing a new warehouse and expanding yard storage to support this growth to house materials and spare parts. The expansion will also include the acquisition of a new modular transporter to facilitate the movement of parts and materials. Initially, 15 employees will be hired for the new storage and warehouse, with the potential to increase to a maximum of 50. “This expansion will deepen the company’s roots in the state and extend our partnership to a new level,” stated HD-HPT President and Chief Operating Officer C.G. Son. HD-HPT began operations in Montgomery in 2011, and this expansion marks another exciting chapter for the area. HD-HPT’s Alabama facility, the first U.S. production plant for South Korea’s electric power industry, currently employs 426 people and produces power transformers annually for the U.S. market.
Strengthening Economic GrowthEllen McNair, Secretary of the Alabama Department of Commerce, remarked, “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. This expansion will serve to deepen the company’s roots in the state and extend our partnership to a new level.”
Another Milestone for Montgomery
Montgomery Area Chamber President & CEO Anna Buckalew added, “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. This company is among an expanding roster of international investments and confidence in the region.”
Continuing Montgomery’s Economic Momentum
“This expansion by HD Hyundai Power Transformers USA, Inc. is a testament to Montgomery’s thriving business environment and our commitment to fostering economic growth. It highlights the success of our ongoing economic development efforts and reinforces our position as a key player in the global market. We are proud to support HD-HPT in this exciting new chapter and look forward to seeing its positive impact on our community,” said Mayor Steven L. Reed.
Montgomery County Commission Chairman Doug Singleton shared, “HD Hyundai Power Transformers USA, Inc.’s decision to invest over $14 million in expanding their Montgomery facility underscores the strength of our local workforce and the attractiveness of our region for business growth. We are excited to see the benefits this will bring our county and its residents.”
Coordinated and strategic efforts to attract and retain businesses continue to yield positive results, generate more job opportunities, and foster a strong economic environment. The collaboration between local authorities and international companies like HD Hyundai Power Transformers USA, Inc. highlights Montgomery’s appeal as a thriving business hub.
HD-HPT encourages those interested in applying for one of the new jobs to email recruit@hhiamerica.com.
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About HD Hyundai Power Transformers USA, Inc.
HD Hyundai Power Transformers USA, Inc., started as one of the affiliated factories of Hyundai Electric Systems, is located in Montgomery, Alabama. Hyundai Power Transformers utilizes the most recently developed technology and design to create power transformers that fit customers' requirements. The newly constructed HD Hyundai Power Transformers USA, Inc. facility has the ability to become the leading plant in the power industry due to the highly developed technology and proven commitment to building the best product line for our customers.
About the Montgomery Area Chamber of Commerce:
The Montgomery Area Chamber of Commerce is a nonprofit organization that serves as the unified voice of the business community in the Montgomery area. Its mission is to improve the economic well-being of the community by coordinating and promoting economic development activities. The Chamber is committed to supporting the growth and development of businesses in our community and working to create a thriving and vibrant Montgomery.
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Media Contact:
Greta Locke
Montgomery Area Chamber of Commerce
(c): 205-862-9307
