Hyosung Heavy Industries Achieves Record High Orders in U.S. Market
Company and Context Hyosung Heavy Industries, a prominent player in the power equipment sector, has recently achieved a significant milestone by securing a record-high order in the U.S. power market. Under the leadership of Chairman Cho Hyun-joon, the company has signed a supply contract for power equipment, including 765kV ultra-high voltage transformers and reactors. This contract marks the largest single project order ever received by a Korean power equipment company in the U.S. market, showcasing Hyosung Heavy Industries' growing influence and capabilities in the sector. The company has a long-standing history of innovation and leadership in the ultra-high voltage transformer market, having previously made headlines as the first Korean firm to secure a full package supply contract for 765kV transformers and 800kV ultra-high voltage circuit breakers in the U.S. This latest achievement further solidifies its dominant position in the U.S. 765kV market, a critical segment as dema...