$180m for transformer factory in Finland
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Hitachi Energy is to invest $180m in a new transformer factory in Finland as part of a wider $1.5bn plan.
The Hitachi expansion in the Vaasa region of Finland will create 4000 jobs to speed up production to meet the urgent demand for transformer systems to upgrade the electricity grid.
The 30,000-square-meter transformer plant in Finland is part of a $1.5bn investments in transformer manufacturing capacity across Europe, the Americas, and Asia by 2027.
The transformer is a key part of the power supply chain, enabling efficient transmission and distribution of electricity. This is a key component for applications such as integrating renewables, grid interconnections, powering data centres and electrifying transportation through fast chargers.
Hitachi Energy is the world’s largest transformer manufacturer in terms of installed base, portfolio range, manufacturing capacity, and market coverage following its acquisition of ABB Power Grids, with over 60 transformer factories and service centres across the world.
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“The demand for transformers and electrical equipment has grown at an unprecedented scale, and we are investing to address our customers’ mid- and long-term needs. We are developing our global footprint and capacity and progressing in digitalization and technology to deliver even more sustainable and reliable solutions,” said Bruno Melles, Managing Director of the Transformers Business at Hitachi Energy.
This follows a $30m expansion in Bad Honnef, Germany, (see €30m for German transformer plant) as well as an ongoing project in South Boston, Virginia, US, and other recently completed projects at Jefferson City, Missouri, US, and Dos Quebradas, Colombia. The company has inaugurated new cutting-edge factories in Chongqing, China, and Hanoi, Vietnam, together with a new transformer service centre in Welshpool, Australia.
Growing the service and digital capabilities is part of the company’s efforts to help utilities and industries operate and maintain their electrical assets. Digitalization enables efficient operations across the whole value chain, enabling reliability-centered asset management programs to help our customers extend the transformers’ life cycle, support sustainability, and allow delayed investments in new equipment.
All the announced transformer investments include sustainable and innovative manufacturing technologies for operational efficiency while ensuring high standards for safety and quality. They are advancing the company’s efforts to become carbon-neutral by 2030 and aim to create positive economic and social impact in the local communities. Hitachi Energy employs over 17,000 people across the globe in its Transformer business and plans to increase its workforce by adding 4,000 new jobs to the industry.
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