Hammond Power Solutions leases Fort Worth plant, invests CAD $50 million to add U.S. transformer capacity
Bitget2026/09/22 13:22- HPS signed a long-term lease for a new manufacturing facility in Fort Worth, Texas to expand U.S. transformer capacity.
- Production is set to start in stages in Q4 2027, with full production expected in Q1 2028.
- Once fully operational, the site is expected to add about CAD 250 million of manufacturing capacity initially.
- HPS expects to invest about CAD 50 million to equip and commission the initial phase, funded via cash and credit facilities.
- The site could support total annual manufacturing capacity of about CAD 400 million, subject to demand and future investment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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