LS Elec Doubles Ultra-High Voltage Transformer Production Capacity... "Accelerating North America Market Expansion"

Annual production capacity of about 200 billion KRW doubled
"Next year, 400 billion KRW production... securing volume beyond that"

LS Electric announced on the 21st through a public disclosure that it plans to double the production capacity of ultra-high voltage transformers at its Busan plant to accelerate its penetration into the global transmission and distribution market, including North America. The Busan plant is LS Electric's core production base for ultra-high voltage power equipment.

LS Electric is conducting final tests in preparation for the export of ultra-high voltage transformers at its Busan plant.
[Photo by LS Electric]

LS Electric plans to increase its annual ultra-high voltage transformer production capacity from 200 billion KRW to 400 billion KRW by October next year. The factory expansion will be completed by September next year.

A new factory will be built on a 13,223㎡ (approximately 4,000 pyeong) idle site next to the ultra-high voltage production building at the Busan plant, and two vacuum pressure dryers (VPD) will be added to establish all production processes including assembly, testing, and welding.

LS Electric stated that it has already secured orders through 2026. Even assuming the production capacity doubles next year, it has already secured more than that volume.

LS Electric Busan Plant exterior view. [Photo by LS Electric]

LS Electric is focusing on distribution solutions that control the entire power system. It also plans to significantly expand ultra-high voltage transformer production capacity to secure a business portfolio covering transmission, substation, and distribution.

An LS Electric official said, "We have already secured orders exceeding the increased production capacity from this expansion and will actively respond to the surging overseas demand for ultra-high voltage transformers in markets such as North American investor-owned utilities (IOUs) and renewable energy. This investment is not aimed at short-term profits based on the boom but is a sustainable future growth investment."

He added, "We will continue to expand our power infrastructure business through various methods such as mergers and acquisitions (M&A) and joint ventures both domestically and internationally."