HD Hyundai Electric Wins KRW173 Billion Transformer Supply Contract

MT Newswires Live
05/07

South Korean motor and generator manufacturer HD Hyundai Electric (KRX:267260) secured a contract to supply 765KV transformers and reactors to its US unit.

The HD Hyundai Electric America contract, valued at 173 billion won, is valid until Aug. 31, 2029, according to a Thursday filing with the Korea Exchange. It was re-awarded after the unit secured the deal from a large-scale utility company in the US.

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