Hyundai Heavy Breaks Ground for Russian Switchgear Plant
Sep. 9, 2011 - Hyundai Heavy Industries, the world's largest shipbuilder and a leading electro electric systems manufacturer, today will break ground for a gas insulated switchgear (GIS) plant, Hyundai Electrosystems, in Vladivostok, Russia.
The 40,000 square meter plant will be completed by June 2012. When completed, the plant will produce 250 units of GIS ranging from 110 kV to 500 kV a year. There are plans to expand its annual capacity to 350 GIS by 2015.
Previously, the Company won an order from FGC UES (Federal Grid Company of United Energy System) to supply 50% of its GIS needs from 2013 to 2017. FGC UES is the largest electricity transmission company grid in Russia and a key element in Russia's power generation and supply industry.
With the new plant, Hyundai Heavy, which recorded sales of KRW 52 billion (USD 49 million) last year in Russia, expects to achieve KRW 100 billion (USD 94 million) sales by 2013.
Gas insulated switchgear is a major piece of electrical equipment used in a substation. It contains a gas circuit breaker, disconnecting switch, earthing switch, voltage transformer, current transformer, and lightning arrester in a grounded metallic enclosure. The switchgear is filled with SF6 gas, which has reliable insulation and arc-quenching capability.
Establishment of Hyundai Electrosystems has been drafted as a part of Hyundai Heavy's long-term strategy to gain a foothold in the Russian GIS market that is expected to grow further to the Russian government's electric power system modernization policy.
Prior to the groundbreaking ceremony, Hyundai Heavy, Primorsky Krai, and FGC UES held an opening ceremony for the new electrical engineering department in Energeticheskiy Kollege in Vladivostok. Hyundai Heavy and FGC UES agreed to nurture talented engineers by modernizing the college building and teaching equipment and preferentially hiring students graduated from the college.
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Hyundai Heavy Industries Co., Ltd. (HHI) is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy.
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