South Korea's Hyosung expands U.S. power equipment production
June 14 (Asia Today) -- South Korea's Hyosung Group is expanding its presence in the U.S. power equipment market by establishing a local production base for extra-high-voltage circuit breakers.
Hyosung Heavy Industries said Sunday that its subsidiary, Hyosung HICO, signed an agreement with a subsidiary of Quanta Services to establish a joint venture named Hyosung HICO Breaker.
The joint venture is scheduled to be established in July and begin producing gas circuit breakers in October at Quanta's facility in Canonsburg, Pa.
The plant will manufacture equipment rated from 72.5 kilovolts to 800 kilovolts.
The partnership is intended to meet growing U.S. demand for power equipment driven by the expansion of data centers and artificial intelligence facilities as well as efforts to modernize the country's aging electrical grid.
The companies plan to strengthen their position in the U.S. supply chain by meeting customers' demands for timely delivery and consistent product quality.
The agreement will make Hyosung Heavy Industries the first South Korean power equipment manufacturer to operate U.S. production facilities for both transformers and circuit breakers, the company said.
Hyosung Group Chairman Cho Hyun-joon finalized the agreement after meeting Quanta's chief executive and other senior executives in the United States in March.
Cho determined last year that a partnership with Quanta, a leading U.S. infrastructure solutions company, would be important to Hyosung's expansion in the American power market.
The companies have since pursued cooperation in extra-high-voltage circuit breakers, direct-current technology and other advanced power solutions.
"The two companies have built a strong partnership through cooperation ranging from the supply of circuit breakers and substation equipment to transmission and renewable energy interconnection projects," Cho said.
"As the explosive growth of the AI industry makes the modernization of power infrastructure an essential task, we will combine our experience successfully localizing operations in the United States, including at our Memphis plant, with the strengths of the new joint venture," he said.
Cho said Hyosung aims to establish itself firmly as a total power solutions provider in the U.S. market.
Hyosung and Quanta are expected to expand their partnership into a broader range of businesses, including direct-current power solutions and data center infrastructure, following the establishment of the circuit breaker venture.
-- Reported by Asia Today; translated by UPI
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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260614010004540
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This story was originally published June 14, 2026 at 7:47 PM.