Hyosung Heavy Industries Expands Ultra-High Voltage Circuit Breaker Parts Facility in Changwon Industrial Complex

Hyosung Heavy Industries signed a business agreement (MOU) on the 25th with Changwon Special City to expand its factory within the Changwon National Industrial Complex.

Hyosung Heavy Industries plans to invest 10.5 billion KRW by 2024 to expand its power equipment-related facilities and hire about 40 new employees. It will expand the development and production facilities for the core component of ultra-high voltage circuit breakers, the 'Ultra-High Voltage VI (Vacuum Interrupter)'.

Hyosung Heavy Industries signed an investment agreement with Changwon Special City on the 25th. Hong Nampyo, Mayor of Changwon Special City (center), and Kim Jinho, Head of Hyosung Heavy Industries Changwon Plant (right), are posing for a commemorative photo.

Cho Hyun-joon, Chairman of Hyosung Group, stated, "A management philosophy that values technology has been the greatest driving force behind Hyosung's success today," emphasizing technology management. Following this philosophy, Hyosung Heavy Industries established a European R&D center in the Netherlands last May.

Additionally, to fulfill its responsibility to the local community, Hyosung Heavy Industries plans to prioritize hiring local youth residing in Changwon Special City for future new employment. It also intends to actively participate in social contribution activities tailored to the characteristics of Changwon Special City.

Changwon Special City will provide generous administrative and financial support.

This content was produced with the assistance of AI translation services.