Surging Global Demand for Power Infrastructure
Exports Increase by 25 Percent Year-on-Year
Over 1 Billion Dollars in Sales Across More Than 80 Countries
Hyosung Heavy Industries has been awarded for achieving export performance of 1 billion dollars (approximately 1.466 trillion won) amid rising global demand for power infrastructure driven by the expansion of data centers.
On December 4, Hyosung Heavy Industries announced that it received the "1 Billion Dollar Export Tower" at the 62nd Trade Day ceremony hosted by the Ministry of Trade, Industry and Energy, held at COEX in Samseong-dong, Gangnam-gu, Seoul. The Export Tower is an award given to companies that have contributed to pioneering overseas markets and expanding exports, based on export performance tallied over a one-year period from July of the previous year to June of the current year. During this period, Hyosung Heavy Industries' exports exceeded 1 billion dollars, marking an increase of more than 25% compared to the previous year.
With the growth of the artificial intelligence (AI) industry and the expansion of data centers, global demand for power infrastructure has surged, and Hyosung Heavy Industries is supplying power equipment to more than 80 countries. In particular, in the United States and European markets, exports are expanding through a localization strategy that provides core power equipment such as ultra-high voltage transformers, reactors, and circuit breakers, as well as integrated total solutions that combine these products.
In the United States, Hyosung Heavy Industries offers not only ultra-high voltage transformers, reactors, and circuit breakers, but also total solutions based on these products. In Europe, since its initial entry in 2010, the company has expanded its supply regions to Sweden, the United Kingdom, France, Germany, and other countries, thereby strengthening its market presence.
A Hyosung Heavy Industries representative stated, "This award is the result of earning the trust of global customers," adding, "We will further solidify our position in the global market by providing customized solutions for each country."
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