- Signs AI data center transformer contracts with two major U.S. tech companies in September
- Includes approximately $163 million in 765kV transformers and $124 million in 345kV transformers
- Chairman Cho Hyun-joon: 'A super cycle that comes once in 60 years... We will become a global top 3 within 5 years.'
SEOUL, South Korea, Sept. 15, 2026 /PRNewswire/ -- Hyosung Heavy Industries secured approximately $287 million in orders for ultra-high-voltage transformers from major U.S. tech companies in September alone. Hyosung Group Chairman Cho Hyun-joon's years-long efforts to build a localized U.S. production and solutions system are now beginning to deliver results.
Hyosung Heavy Industries announced on the 15th that it has signed supply contracts totaling approximately $287 million for ultra-high-voltage transformers with two major U.S. tech companies.
The ultra-high-voltage transformers ordered this time will be deployed at newly built AI data centers in the northern and southern regions of the United States. They consist of 765kV ultra-high-voltage transformers worth approximately $163 million and 345kV ultra-high-voltage transformers worth approximately $124 million, and will be supplied to data centers that consume enormous amounts of electricity.
This contract is the result of Hyosung Heavy Industries cementing its position as a "key partner" in the local power infrastructure market, including big tech companies, based on the high product reliability it has built up over the years.
Chairman Cho Hyun-joon: "A once-in-60-years super cycle... We will become a global top 3 within 5 years"
The major orders from U.S. tech companies validate Chairman Cho Hyun-joon's forward-looking strategy, meticulously prepared in response to the AI-driven shift in the power market.
Chairman Cho said, "In the AI era, demand for power infrastructure has exploded, ushering in a super cycle that comes once in 60 years." He added, "Based on the competitiveness of our 'total solution'—covering not only transformers and circuit breakers but also power stabilization systems such as HVDC, STATCOM, and ESS—we will make Hyosung Heavy Industries a global top-three player within five years."
Chairman Cho has been focusing on nurturing the data center and power infrastructure businesses in preparation for the AI era. In particular, he noted that global data center operators, including big tech companies, are seeking partners who can take responsibility for "stable power supply" and "rapid construction."
Chairman Cho has emphasized, "No matter how many data centers you build, they are useless without a power supply," and "We must develop the AI data center business, where Hyosung's overwhelming capabilities are fully concentrated, into the group's future growth axis."
The U.S. Tennessee ultra-high-voltage transformer plant acquired by Hyosung Heavy Industries in 2020 has now become a key base for taking the lead in the local supply chain. Once the ongoing expansion of the Memphis plant is completed, it will have the largest ultra-high-voltage transformer production capacity in the United States. In July, the company established a joint venture with Quanta, a leading North American energy infrastructure solutions company, for ultra-high-voltage circuit breakers—completing the hardware foundation for the "total solution" that Chairman Cho has championed, with local production capabilities for circuit breakers joining transformers.
In early September, the company also established a "Data Center Business Team," bringing together design personnel for power equipment such as transformers and circuit breakers, as well as stabilization solutions including ESS, microgrids, and STATCOM, into a single organization as part of its strategy to target the global data center market as a "one-stop partner."
Hyosung Heavy Industries Emerges as 'Partner of Choice' Amid Surging U.S. Data Center Power Demand
The United States, the world's largest power market, is seeing a sharp expansion of AI data center investment led by big tech companies. According to global investment bank Goldman Sachs, U.S. data center power demand is projected to grow at a compound annual rate of 15% through 2030, with approximately US$50 billion (KRW 66 trillion) expected to be invested in new power infrastructure to support this growth.
Hyosung Heavy Industries has held the No. 1 market share in the U.S. 765kV ultra-high-voltage transformer market since the early 2010s, and has supplied nearly half of all 765kV ultra-high-voltage transformers currently installed in the U.S. power transmission grid.
Beyond ultra-high-voltage transformers, the company has built an unrivaled product lineup ranging from 72.5kV to 800kV ultra-high-voltage circuit breakers. It is also seeing a significant increase in orders for STATCOM (Static Synchronous Compensator) systems—power stabilization equipment—positioning the company to continue playing a key role in the AI data center power infrastructure market, where investment is rapidly expanding.
Meanwhile, Hyosung Heavy Industries' new orders through August reached approximately $6.9 billion, surpassing last year's full-year order volume. The company has also raised its annual order target from approximately $6.2 billion to $8.9 billion.
Website: https://www.hyosung.com/en/
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Hyosung Chairman Cho Hyun-joon Secures $287M U.S. Orders in Global Top-3 Push
- Participates in IMTS 2026, North America's largest manufacturing technology exhibition, introducing its smart factory platform, 'Factova'
- Showcases digital twin-based simulator, modular MES, and AI-powered equipment control solutions
SEOUL, South Korea, Sept. 15, 2026 /PRNewswire/ -- LG CNS, a leading AI transformation company in Korea, is targeting the North American manufacturing market with a lineup of AI-powered smart factory solutions at IMTS 2026. Taking place in Chicago, the International Manufacturing Technology Show is North America's largest manufacturing technology trade show.
IMTS 2026 is expected to draw roughly 1,800 exhibitors and more than 90,000 visitors from a range of manufacturing verticals, including automotive, aerospace, defense, energy, electronics, and medical devices. This year's theme, Industrial AI, centers on applying AI across the full range of the manufacturing process to maximize efficiency and drive smarter operations, giving attendees a firsthand look at the real-world impact AI is having on the factory floor.
LG CNS will use its participation at the show to introduce several core solutions from Factova, its platform for building smart factories. Built on AI and IoT technologies, Factova optimizes production and enables smarter, more intelligent factories. It draws on more than 30 years of technical expertise and hands-on know-how from manufacturing sites in Korea and abroad, including LG Group affiliates such as LG Electronics, LG Display, LG Chem, and LG Energy Solution.
One of Factova's core solutions is 'Factova Worldworks', a digital twin-based simulator that lets manufacturers test and validate operations in a virtual environment before implementing them on the factory floor. It recreates an actual factory in a 3D virtual environment to test and refine everything from spatial layouts to data monitoring. When breaking ground on a new factory, for instance, manufacturers can test out the equipment placement and logistics flow in a virtual environment beforehand, thereby avoiding trial and error in the real world. Actual production data can also be run through the simulator to build cost-efficient production plans and check equipment integrity ahead of time.
'Factova MES' is a manufacturing execution solution that manages the entire production process in real time. AI analyzes floor-level data, including equipment utilization, workforce activity, and raw material usage to maximize operating efficiency. What sets it apart is its modular design. MES functions are broken down by industry and process type into individual modules, so manufacturers can pick only what they need and scale accordingly.
LG CNS will also present 'Factova Control', which has recently been enhanced with more advanced AI capabilities. This solution collects and standardizes equipment data across different manufacturers in real time for unified control. The AI analyzes electrical current, temperature, and vibration data from connected equipment, allowing it to flag early warning signs and predict equipment failures in advance. It also integrates seamlessly with higher-level systems like MES and is already running on more than 100,000 pieces of manufacturing equipment worldwide.
Backed by Factova's core solutions and its track record across electronics, battery, and chemical plants in North America, LG CNS plans to make a strong push into the region's emerging smart factory market.
"Factova has demonstrated proven performance differentiation and quality across more than 100 manufacturing sites worldwide," said Jun-ho Lee, CEO of LG CNS America. "We are going to build on that track record of success and, along with our proven AX capabilities, deliver visible results for our customers in North America."
About LG CNS
LG CNS is a leading Korean AX (AI Transformation) company that continues to pioneer various emerging technologies, including AI, robotics, cloud computing, data center, and smart engineering, encompassing smart factories and smart logistics, as well as digital marketing. The company also leads the market through innovative system integration (SI) and system management (SM) capabilities across finance, manufacturing, the public sector, and various other industries. For more information, please visit https://www.lgcns.com.
SEOUL, South Korea, Sept. 15, 2026 /PRNewswire/ -- LG CNS, a leading AI transformation company in Korea, is targeting the North American manufacturing market with a lineup of AI-powered smart factory solutions at IMTS 2026. Taking place in Chicago, the International Manufacturing Technology Show is North America's largest manufacturing technology trade show.
IMTS 2026 is expected to draw roughly 1,800 exhibitors and more than 90,000 visitors from a range of manufacturing verticals, including automotive, aerospace, defense, energy, electronics, and medical devices. This year's theme, Industrial AI, centers on applying AI across the full range of the manufacturing process to maximize efficiency and drive smarter operations, giving attendees a firsthand look at the real-world impact AI is having on the factory floor.
LG CNS will use its participation at the show to introduce several core solutions from Factova, its platform for building smart factories. Built on AI and IoT technologies, Factova optimizes production and enables smarter, more intelligent factories. It draws on more than 30 years of technical expertise and hands-on know-how from manufacturing sites in Korea and abroad, including LG Group affiliates such as LG Electronics, LG Display, LG Chem, and LG Energy Solution.
One of Factova's core solutions is 'Factova Worldworks', a digital twin-based simulator that lets manufacturers test and validate operations in a virtual environment before implementing them on the factory floor. It recreates an actual factory in a 3D virtual environment to test and refine everything from spatial layouts to data monitoring. When breaking ground on a new factory, for instance, manufacturers can test out the equipment placement and logistics flow in a virtual environment beforehand, thereby avoiding trial and error in the real world. Actual production data can also be run through the simulator to build cost-efficient production plans and check equipment integrity ahead of time.
'Factova MES' is a manufacturing execution solution that manages the entire production process in real time. AI analyzes floor-level data, including equipment utilization, workforce activity, and raw material usage to maximize operating efficiency. What sets it apart is its modular design. MES functions are broken down by industry and process type into individual modules, so manufacturers can pick only what they need and scale accordingly.
LG CNS will also present 'Factova Control', which has recently been enhanced with more advanced AI capabilities. This solution collects and standardizes equipment data across different manufacturers in real time for unified control. The AI analyzes electrical current, temperature, and vibration data from connected equipment, allowing it to flag early warning signs and predict equipment failures in advance. It also integrates seamlessly with higher-level systems like MES and is already running on more than 100,000 pieces of manufacturing equipment worldwide.
Backed by Factova's core solutions and its track record across electronics, battery, and chemical plants in North America, LG CNS plans to make a strong push into the region's emerging smart factory market.
"Factova has demonstrated proven performance differentiation and quality across more than 100 manufacturing sites worldwide," said Jun-ho Lee, CEO of LG CNS America. "We are going to build on that track record of success and, along with our proven AX capabilities, deliver visible results for our customers in North America."
About LG CNS
LG CNS is a leading Korean AX (AI Transformation) company that continues to pioneer various emerging technologies, including AI, robotics, cloud computing, data center, and smart engineering, encompassing smart factories and smart logistics, as well as digital marketing. The company also leads the market through innovative system integration (SI) and system management (SM) capabilities across finance, manufacturing, the public sector, and various other industries. For more information, please visit https://www.lgcns.com.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
LG CNS Targets North American Manufacturers with AI-Powered Smart Factory Solutions at IMTS 2026
