MONTGOMERY, AL (WSFA) - Hyundai Power Transformers USA is expanding its existing Montgomery facility and with it, creating new jobs.
According to HPT officials, the $33 million dollar expansion will enable the company to establish a "Smart Factory" and increase production of its power transformers by more than 60 percent. The expansion is also expected to create 86 new jobs.
HPT began operations in Montgomery in 2011. Construction for the expansion of the facility will begin in July of this year with expanded production commencing in December 2019, HPT officials say.
HPT officials say the expansion will include a newly-constructed training facility that will contribute to fostering an advanced labor force, taking the company "one step closure to achieving its plan of generating $200 million in revenue by 2021".
HPT is Korea's first production plan established in the U.S. within the electric power industry. It currently employs 300 people and can produce 14,000 MVA annually, or 80 units of power transformers.