Hyosung Group Chairman Cho Hyun-joon. Photo by YONHAP / EPA
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.
