Hyosung Heavy Industries Expands Global Reach in Power Solutions

September 02, 2025
Hyosung Heavy Industries is set to achieve record sales and profits in 2025, driven by significant power equipment contracts in North America and Europe, as announced in a press release.

Hyosung Heavy Industries is on track to achieve record sales and profits in 2025, with projected sales reaching KRW 5 trillion (approximately USD 3.6 billion) and operating profit exceeding KRW 500 billion (approximately USD 360 million). This growth is driven by increasing power demand linked to AI adoption, announced in a press release.

Under the leadership of Chairman Cho Hyun-joon, Hyosung Heavy Industries has secured significant power equipment supply contracts across North America and Europe. The company has become the first Korean manufacturer to enter into a long-term supply agreement for ultra-high-voltage transformers and reactors with leading German transmission system operators. Additionally, Hyosung has secured orders in Scotland and France, and is participating in large-scale projects in the UK and Norway.

Hyosung is also advancing its high-voltage direct current (HVDC) technology, having successfully localized a 200MW-class HVDC system in Korea. The company plans to further develop 2GW-class HVDC systems to strengthen its position in both domestic and international transmission network projects.

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