History
2018
- Jul. Middle East Subsidiary(Hyundai Electric Arabia LLC) established (Saudi Arabia)
- May.Reliability Assessment Center opened to enhance R&D capability
- Apr.Completion of the World Largest (150MWh) Energy Storage System(ESS) in Korea Zinc Ulsan Factory
- Feb.Renewal of Hungary Technologies Center (H-TEC)
2017
- Dec.Hyundai Electric Switzerland Ltd. established
- Oct.Frankfurt Branch established.(in Germany)
- Jul.Bangkok Branch established.(in Thailand)
- Jul.Won the World Largest (150MWhs) Energy Storage System Contract
- Apr.Launched Hyundai Electric’s ICT Solution ‘INTEGRICT’
- Apr.Hyundai Electric launched
2016
- Dec.MOU with Korea Energy Agency to develop the standard model of Building Energy Management System.
- Nov.Construction begins on Product Reliability Center
2015
- Dec.Medium/low-voltage circuit breaker HG Series wins 2016 iF Design Award
- Oct.Medium/low-voltage circuit breaker HG Series launched
- Mar.Largest step-up transformer in Korea (3 Ph, 1250 MVA) produced and supplied
2014
- Dec.Short-circuit tests for the first 500 kV transformers completed
- Nov.Rotating electric machinery centrifugal casting method wins "Jang Young-Shil Award"
- Nov.Joint R&D venture with Bulgaria designated an excellent business
- Apr.Total production of transformers surpasses 1,000,000 MVA
2013
- Dec.Selected as "Korean World-class Product Award" by Ministry of Commerce, Industry and Energy Republic of Korea (Shunt Reactor above 345kV)
- Apr.Hyundai’s largest capacity transformer (3 Ph, 1500 MVA) supplied to Powerlink Australia
- Jan.Completion of GIS factory in Vladivostok, Russia(Hyundai Electrosystems Russia)
2012
- Jan.Total production of transformers surpasses 800,000 MVA
2011
- Nov.Completion of transformer factory in the USA (Hyundai Power Transformer USA)
- Jun.Long-term supply agreement formed with Russia for 1,000 gas-insulated switchgear (GIS)
- Feb.Large explosion-proof motor (4500 kV class) internationally certified
2010
- Dec.Total production of transformers surpasses 700,000 MVA
- Oct.Explosion-proof motor achieves international certification (17 types)
- May.Wins largest contract to date with the United States SCE for $600 million of domestic transformers
- Feb.Total production of transformers surpasses 600,000 MVA
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2009
- Nov.Completion of 400 kV class transformer factory
- Aug.Award for Power Transmission Equipment Company of the Year from Frost & Sullivan
- Jul.Completion of 550 kV class GIS factory
2008
- Oct.Wins largest export contract of motors to date ($12 million)
- May.Completion of switchboard and distribution transformer factory (Seonam-dong, Nam-gu, Ulsan)
2007
- Apr.Acquires US company Ideal (Hyundai Ideal Electric Co.)
- Mar.High-voltage explosion-proof motor achieves international certification
- Feb.Hyundai-Transas Intelligent Bridge System (HTiBS) wins IR52 "Jang Young-Shil Award"
- Jan.Total production of transformers surpasses 400,000 MVA
2006
- Jul.Selected as "Korean World-class Product Award" by Ministry of Commerce, Industry and Energy Republic of Korea (200kV~400kV Class Large Power Transformers)
2005
- Sep.Ship generator technology exported to Chinese company Zhenjiang Marine Diesel Works
2004
- May. Selected as "Korean World-class Product Award" by Ministry of Commerce, Industry and Energy Republic of Korea (Synchronous Generator for Marin Application)
2003
- Dec.GIS technology exported to Taiwanese company TATUNG
- Oct.Jiangsu Hyundai Nanzi Electric Co. established (incorporated in Yangzhong, China)
- Jun.ITC research center established (joint venture with US company Enova)
2002
- Nov.Wins contract with Shin Taebaek 765 kV substation for 800 kV GIS 8CB
- Jun.Successful development of 800 kV GIS
- Feb.GIS technology exported to Indian company Crompton Greaves
2001
- Jun.First commercial operation of 765 kV ultra-high-voltage transformer in Korea
- Jan.Division re-named (Electro Electric Systems Division)
2000
- Jan.Low-voltage circuit breaker (MCCB & ACB) technology exported to Indian company Spaceage
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1999
- Nov.Completion of 765kV Transformer/800kV GIS Factory and ultra-high-voltage testing facilities
- Nov.Railcar electronic (SIV) technology exported to Indian company AAL
- Oct.Rotating electric machinery R&D company HUNELEC Engineering & Technogies kft. established in Hungary
- Jan.Technical partnership agreement formed with US company Enova (previously U.S. Electricar) to develop propulsion system technology for electric cars
1998
- Jul.Technical partnership agreement formed with Ukrainian company VIT to develop 765 kV transformers and 154 kV gas-insulated transformers
- Jan.Technical partnership agreement formed with Russian company NIIVA to develop 800 kV GIS technology
1997
- Jul.Acquisition of Bulgarian state-owned company Elprom-Trafo co. (incorporated in Bulgaria)
1996
- Nov.Completion of turbine generator factory
1993
- Dec.Merged into Hyundai Heavy Industries Co., Ltd. (Industrial & Power Systems Division)
- Sep.Merger with KISCO (Korea Industrial Services)
- Jul.ISO9001, AS3901, NZS9001 quality certification achieved for switchboards, transformers, rotating electric machinery, circuit breakers (in Australia: SAQAS)
1992
- Dec.Official opening of PCB and inverter plant Completion of PCB and inverter factory
- Nov.Designated a quality control reviewer by the Industrial Advancement Administration
- Oct.Australian quality standard certification achieved (AS, NZA, ISO)
- Aug.Plant achieves top grade quality control status
- Aug.Merger with “HIMCO”
1990
- Jun.International quality standard certification (ISO9001) and Canadian quality standard certification (CANsZ229.1) achieved
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1989
- May.Completion of GIS(Gas Insulated Switchgear) factory (7,140 m2)
1986
- Nov.$50 million Export Tower Award received
- Jun.Incorporation of Small Size Motor Company "HIMCO" (Joint Venture Co. with General Electric, U.S.A.)
1985
- Nov.Award of Grand Prix for Quality Control and Standardization
1984
- Dec.Completion of power electronics factory
1983
- Dec.Completion of circuit breaker factory (9,081 m2)
- Oct.Completion of T.Q.C. promotion headquarters
- Aug.Research institute selected as a military service exemption entity (electrical field no. 591)
1982
- Dec.Technology Institute established
- Nov.Technical partnership agreement formed with Japanese company Mitsubishi to develop traction motor/generators
- Jul.Technical partnership agreement formed with Japanese company Terasaki to produce marine electronics
- May.Diesel car traction generator approved by the Korean National Railroad
- Apr.Technical partnership agreement formed with German company Siemens to develop ACB, VCB, MCCB, LBS, and VC technology
1981
- Jul.Completion of rotating electric machinery testing facilities
- May.Registered as an industrial equipment export business
1980
- Jan.Technical partnership agreement formed with US company Westinghouse to develop rotating electric machinery for generator and industrial use
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1979
- Sep.Completion of 154 kV extra-high-voltage testing facilities
- Aug.Completion of rotating electric machinery factory (18,317 m2)
- Jul.Accepted as a CIGRE (France) member
- Jan.First export of transformers to the Nigerian National Electric Power Authority (11 7.5 MVA, 33/11 kV transformers)
1978
- Nov.Incorporation of the Company in the name of Hyundai Electrical Engineering Co., Ltd. (HEECO)
- Oct.Completion of transformer factory (26,446m2)
- Aug.Technical partnership agreement formed with Swedish company ASEA to procure ship components
- Jun.First export of transformers (Arabian Oil Company)
- May.Technical partnership agreement formed with Siemens to develop heavy electrical products
- Mar.Technical partnership agreement formed with AGE to procure ship components
- Feb.Lloyd's Register of Shipping (LRS) approval of the EED products
- Jan.Completion of switchboard factory (12,000 m2)
- Jan.Technical partnership agreement formed with Siemens to develop transformers, MV switchgear, and SF6 GIS/GCB technology
1977
- Feb.Inauguration of Electrical Engineering Division (EED) as a new division of Hyundai Heavy Industries Co., Ltd.
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