History

HD Hyundai Electric creates today's technology and
tomorrow's possibilities.

  • 2020s
  • 2010s
  • 2000s
  • 1990s
  • 1980s
  • 1970s

2020s

Transition Period: The Era of ESG Management

  • 2022.04

    Acquired 'Plaspo', a company specializing in power conversion devices

    2020.02

    Completion of Transformer Smart Factory

  • 2021.10

    Hyundai Electric launches eco-friendly product brand GREENTRIC

  • 2021.05

    ESG Management Proclamation

2010s

Leap Forward Period: The Beginning of the Smart Energy Company 'Hyundai Electric'

  • 2019.11

    Expansion of transformer plant in the United States(Alabama corporation)

    2018.02

    New office opening of HD Hyundai Electric Hungary Kft.

    2016.11

    Construction begins on Product Reliability Center

    2014.12

    Short-circuit tests for the first 500kV transformers completed

    2014.11

    Rotating electric machinery centrifugal casting method wins "Jang Young-Shil Award" / Joint R&D venture with Bulgaria designated an excellent business

    2011.06

    Long-term supply agreement formed with Russia for 1,000 gas-insulated switchgear (GIS)

    2010.12

    Total production of transformers surpasses 700,000MVA

    2010.07

    Wins largest contract to date with the United States SCE for $600 million of domestic transformers

  • 2018.07

    Middle East Subsidiary(Hyundai Electric Arabia LLC) established(Saudi Arabia)

    2018.04

    Completion of the World Largest(150MWh) Energy Storage System(ESS) in Korea Zinc Ulsan Factory

    2017.12

    Hyundai Electric Switzerland Ltd. established

    2017.07

    Bangkok Branch established.(in Thailand) / Won the World Largest (150MWhs) Energy Storage System Contract

    2016.12

    MOU with Korea Energy Agency to develop the standard model of Building Energy Management System.

    2015.12

    Low/medium voltage circuit breaker HG Series wins 2016 iF Design Award

    2014.04

    Total production of transformers surpasses 1,000,000MVA

    2013.04

    Hyundai’s largest capacity transformer(3Ph, 1500MVA) supplied to Powerlink Australia

    2012.01

    Total production of transformers surpasses 800,000MVA

    2010.04

    Total production of transformers surpasses 600,000MVA

  • 2018.05

    Reliability Assessment Center opened to enhance R&D capability

    2017.10

    Frankfurt Branch established.(in Germany)

    2017.04

    Launched Hyundai Electric’s ICT Solution ‘INTEGRICT’
    Hyundai Electric launched

    2015.10

    Low/medium voltage circuit breaker HG Series launched

    2015.03

    Largest step-up transformer in Korea(3Ph, 1250MVA) produced and supplied

    2013.12

    Selected as "Korean World-class Product Award" by Ministry of Commerce, Industry and Energy Republic of Korea (Shunt Reactor above 345kV)

    2011.11

    Completion of transformer factory in the USA(Hyundai Power Transformer USA)

    2011.02

    Large explosion-proof motor(4500kV class) internationally certified

    2010.11

    Explosion-proof motor achieves international certification(17 types)

2000s

Leap Forward Period: Expanding Overseas Network

  • 2009.11

    Completion of 400kV class transformer factory

    2007.03

    High-voltage explosion-proof motor achieves international certification

    2007.01

    Total production of transformers surpasses 400,000MVA

    2004.05

    Selected as "Korean World-class Product Award" by Ministry of Commerce, Industry and Energy Republic of Korea(Synchronous Generator for Marin Application)

    2002.11

    Wins contract with Shin Taebaek765 kV substation for 800kV GIS 8CB

  • 2009.08

    Award for Power Transmission Equipment Company of the Year from Frost & Sullivan

    2008.10

    Wins largest export contract of motors to date($12 million)

    2007.04

    Acquires US company Ideal(Hyundai Ideal Electric Co.)

    2007.02

    Hyundai-Transas Intelligent Bridge System(HTiBS) wins IR52 "Jang Young-Shil Award"

    2006.07

    Selected as "Korean World-class Product Award" by Ministry of Commerce, Industry and Energy Republic of Korea(200kV~400kV Class Large Power Transformers)

    2003.12

    GIS technology exported to Taiwanese company TATUNG

    2003.06

    ITC research center established(joint venture with US company Enova)

    2002.02

    GIS technology exported to Indian company Crompton Greaves

    2000.01

    First commercial operation of 765kV ultra-high-voltage transformer in Korea & Low-voltage circuit breaker(MCCB & ACB) technology exported to Indian company Spaceage

  • 2009.07

    Completion of 550kV class GIS factory

    2008.05

    Completion of switchboard and distribution transformer factory(Seonam-dong, Nam-gu, Ulsan)

    2005.09

    Ship generator technology exported to Chinese company Zhenjiang Marine Diesel Works

    2003.10

    Jiangsu Hyundai Nanzi Electric Co. established(incorporated in Yangzhong, China)

    2002.06

    Successful development of 800kV GIS

    2001.01

    Division re-named(Electro Electric Systems Division)

1990s

Develop Period: Technology Advancement and Factory Expansion

  • 1999.11

    Completion of 765kV Transformer/800kV GIS Factory and ultra-high-voltage testing facilities / Railcar electronic(SIV) technology exported to Indian company AAL

    1993.12

    Merged into Hyundai Heavy Industries Co., Ltd. (Industrial & Power Systems Division)

    1993.07

    ISO9001, AS3901, NZS9001 quality certification achieved for switchboards, transformers, rotating electric machinery, circuit breakers (in Australia: SAQAS)

    1992.08

    Plant achieves top grade quality control status Merger with “HIMCO”

  • 1999.10

    Rotating electric machinery R&D company HUNELEC Engineering & Technogies kft. established in Hungary

    1998.07

    Technical partnership agreement formed with Ukrainian company VIT to develop 765kV transformers and 154kV gas-insulated transformers

    1997.07

    Acquisition of Bulgarian state-owned company Elprom-Trafo co.(incorporated in Bulgaria)

    1993.09

    Merger with KISCO (Korea Industrial Services)

    1992.12

    Official opening of PCB and inverter plant Completion of PCB and inverter factory

    1992.11

    Designated a quality control reviewer by the Industrial Advancement Administration

    1990.06

    International quality standard certification (ISO9001) and Canadian quality standard certification(CANsZ229.1) achieved

  • 1999.01

    Technical partnership agreement formed with US company Enova(previously U.S. Electricar) to develop propulsion system technology for electric cars

    1998.01

    Technical partnership agreement formed with Russian company NIIVA to develop 800kV GIS technology

    1996.11

    Completion of turbine generator factory

    1992.10

    Australian quality standard certification achieved(AS, NZA, ISO)

1980s

Growth Period: Growing into a Global Power Equipment Company

  • 1989.05

    Completion of GIS(Gas Insulated Switchgear) factory(7,140 m2)

    1985.11

    Award of Grand Prix for Quality Control and Standardization

    1983.10

    Completion of T.Q.C. promotion headquarters

    1982.04

    Technical partnership agreement formed with German company Siemens to develop ACB, VCB, MCCB, LBS, and VC technology

    1980.01

    Technical partnership agreement formed with US company Westinghouse to develop rotating electric machinery for generator and industrial use

  • 1986.11

    $50 million Export Tower Award received

    1982.12

    Technology Institute established

    1982.07

    Technical partnership agreement formed with Japanese company Terasaki to produce marine electronics

    1981.07

    Completion of rotating electric machinery testing facilities

  • 1986.06

    Incorporation of Small Size Motor Company "HIMCO"(Joint Venture Co. with General Electric, U.S.A.)

    1983.12

    Completion of circuit breaker factory(9,081 m2)

    1983.08

    Research institute selected as a military service exemption entity (electrical field no. 591)

    1982.11

    Technical partnership agreement formed with Japanese company Mitsubishi to develop traction motor/generators

    1982.05

    Diesel car traction generator approved by the Korean National Railroad

    1981.05

    Registered as an industrial equipment export business

1970s

Beginning Period: Established as Hyundai Heavy Industries Heavy Electric Business Division

  • 1979.09

    Completion of 154 kV extra-high-voltage testing facilities

    1979.01

    First export of transformers to the Nigerian National Electric Power Authority(11 7.5MVA, 33/11kV transformers)

    1978.08

    Technical partnership agreement formed with Swedish company ASEA to procure ship components

    1978.05

    Technical partnership agreement formed with Siemens to develop heavy electrical products

    1978.01

    Completion of switchboard factory(12,000 m2) / Technical partnership agreement formed with Siemens to develop transformers, MV switchgear, and SF6 GIS/GCB technology

  • 1979.08

    Completion of rotating electric machinery factory(18,317 m2)

    1978.11

    Incorporation of the Company in the name of Hyundai Electrical Engineering Co., Ltd.(HEECO)

    1978.06

    First export of transformers(Arabian Oil Company)

    1978.03

    Technical partnership agreement formed with AGE to procure ship components

    1977.02

    Inauguration of Electrical Engineering Division(EED) as a new division of Hyundai Heavy Industries Co., Ltd.

  • 1979.07

    Accepted as a CIGRE (France) member

    1978.10

    Completion of transformer factory(26,446m2)

    1978.02

    Lloyd's Register of Shipping(LRS) approval of the EED products