(주)엘파워텍

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Elpowertech. A great success exporting $100 million worth of… Elpowertech (CEO Choi Seong-kyu), which is considered a representative transformer manufacturing company, has been growing into a global powerhouse by continuously achieving remarkable results in North America since last year.Last year, it participated in the construction of a large power grid by signing a contract to supply pad transformers with the Los Angeles Department of Water and Power (LADWP) in the United States, and this year, it made a splash by signing export contracts worth a total of $100 million with six major power agencies in the United States.Elpowertech will supply a total of 20,000 pole-mounted transformers and pad transformers to the United States in the future.In particular, it is evaluated that it has gained wings in conquering the North American market by recently obtaining UL (US safety standard) certification for oil-immersed transformers of 34.5kV 5000kVA or less and dry-type transformers of 23kV 6000kVA or less.Elpowertech CEO Choi Seong-gyu said, “We have be..

작성일 2022-08-30

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(New Deal Leading Company) Elpowertech Written: Tue Dec 29, 2020 14:26 Posted: Tue Jan 05, 2021 10:19(New Deal Leading Company) ElpowertechFirst Year of ICT Integration into Transformers and SwitchesContinuing Challenges and Innovations with R&D Competitiveness as a Stepping Stone Elpowertech (CEO Choi Seong-kyu) has been considered the most notable company in the transformer industry for several years.It is evaluated that it has laid the foundation for survival in any market environment by significantly expanding production capacity and diversifying its business portfolio.In particular, it is also a strong export company that is challenging $10 million in exports by making a soft landing in advanced markets for heavy electric equipment such as the US and Japan.Elpowertech has set a goal of making 2021 the ‘first year of integrating ICT into traditional manufacturing.’Elpowertech CEO Choi Seong-kyu said, “In the past, even industries that remained in traditional manufacturing can now transform into ICT convergence com..

작성일 2021-01-11

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(Preempt the GD New Deal Era) Elpowertech Written: 2020-08-25 (Tue) 13:35Elpowertech (CEO Choi Seong-kyu) is considered the hottest star company in the transformer industry.It is considered the most innovative company in the industry, having successfully completed the work of diversifying and optimizing its business portfolio several years ago and also greatly expanding its production capacity.In addition, it is a strong company that is achieving results in overseas markets, as it is challenging $10 million in exports, focusing on advanced markets such as Japan and the United States.CEO Choi Sung-kyu is a CEO who always emphasizes breaking the frame, expanding thoughts, change, and innovation.CEO Choi said, “Moving the same way as others and hoping for better results is no different from hoping for luck,” and “I believe that only continuing preemptive investment, training of technical personnel, and business innovation can brighten the future of the company.”In fact, Elpowertech has completed a portfolio consisting of three ax..

작성일 2020-12-24

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Successful re-election… “Continuing to challenge to adapt to… Written: June 18, 2020 (Thursday)(Interview) Choi Seong-kyu, Chairman of the Transformer Business AssociationSuccessful Reappointment… “Continuing to Challenge in Adapting to the Changing Times”Choi Seong-kyu, Chairman of the Transformer Business Association (CEO of Elpowertech), has been successfully reappointed. Chairman Choi was recently unanimously elected as the 6th Chairman at the extraordinary general meeting of the association. With this, he has maintained the position of head of the Transformer Association since the 3rd term. Furthermore, if you include the period of 4 years since 2008 when he served as Chairman of the Central Transformer Association, he has been leading the only organization in the transformer industry for 12 years. From the beginning of the Transformer Business Association, which was born at a critical moment of the abolition of the group contract, he has been exercising leadership on the front lines. Chairman Choi said, “Despite my many shortcomings, I woul..

작성일 2020-07-10

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The No. 1 newspaper and opinion journal in the electricity a… Written: Monday, May 18, 2020(Congratulatory message for the 56th anniversary of its founding) Choi Seong-kyu, Chairman of the Transformer AssociationThe No. 1 newspaper and opinion journal in the electricity and energy sectorI sincerely congratulate the Electric Newspaper on its 56th anniversary. Our electric industry is now facing a period of great transformation, with the end of the fossil fuel era and new and renewable energy and energy efficiency as keywords. In particular, with the launch of the new climate system, we are entering the era of the 4th Industrial Revolution, where all paradigms are changing. In this time of great transformation, the Electric Newspaper is faithfully fulfilling its role as a compass for the development of the electric industry as the No. 1 newspaper and opinion journal in the electricity and energy sector.The Transformer Association will also do its utmost to strengthen the competitiveness of manufacturing companies in the era of the 4th Industrial Re..

작성일 2020-07-10

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Shining report card in overseas procurement markets such as … Written: Thursday, April 23, 2020(Best lineup in the procurement market) ElpowertechShining report card in overseas procurement markets such as the US, Japan, and the Middle EastElpowertech (CEO Choi Seong-kyu, pictured), considered a ‘star company’ in the transformer industry, is actively expanding its territory beyond the domestic procurement market and into overseas procurement markets. In particular, it is rapidly expanding its territory to the global stage by winning remarkable orders not only in the North American region, which is considered an advanced market, but also in the Middle East, Japan, etc. Choi Sung-kyu, CEO of Elpowertech, said, “We are proving that domestic transformers are competitive in overseas procurement markets.” The most notable order win for Elpowertech was winning a bid for a large-capacity power inflow transformer ordered by the LA Power Authority last year. The total amount is 2.1 million dollars (approximately 2.5 billion won). CEO Choi said, “If we calc..

작성일 2020-07-10

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Growth accelerator pedal… Challenge for $10 million in expor… Written: Wednesday, January 15, 2020(Manufacturing Industry 2020 New Vision) ElpowertechGrowth accelerator pedal… Challenge for $10 million in exports this yearElpowertech (CEO Choi Seong-kyu, pictured) was one of the most outstanding companies in the electric power industry last year. Not only did it successfully enter the US, one of the world’s largest power equipment markets, but it also completed the construction of the largest factory in the transformer industry. In particular, Elpowertech is considered one of the only companies that is showing signs of growth amid the industry’s slump due to a decrease in volume and oversupply for several years. “In 2019, we achieved a 15% increase in sales and a 30% increase in orders,” said Elpowertech CEO Choi Sung-kyu. “Based on this, we will focus all our efforts on expanding exports in 2020.” Elpowertech is aiming for exports of over $10 million this year. This is about 30% higher than last year. The company is confident that it has made a ..

작성일 2020-07-10

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Elpowertech signs contract with LA Power Authority to supply… Overview of Elpowertech located in the Hwaseong Bio Valley Complex in Gyeonggi ProvinceWritten: November 21, 2019 (Thursday)Small and medium-sized enterprises export transformers to the world's largest market, the US, a 'great feat'Elpowertech signs a contract to supply oil-immersed transformers with the LA Power AuthorityA domestic small and medium-sized transformer company has succeeded in large-scale exports to the US, one of the world's largest power equipment markets. Exports to the US have been considered the exclusive domain of large corporations, but a small and medium-sized company has secured a supply contract, providing new possibilities to the heavy electric industry struggling with a domestic slump.Elpowertech (CEO Choi Seong-kyu), a heavy electric equipment manufacturing company located in Hwaseong, Gyeonggi Province, recently signed a contract to supply large-capacity oil-immersed transformers ordered by the LA Power Authority. A total of 45 power transformers, including..

작성일 2020-07-10

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Public enterprise supply should be used as ‘seed money’ to s… Written: Thursday, October 3, 2019(Interview) Choi Seong-kyu, Chairman of the Transformer AssociationUse public enterprise supply as ‘seed money’, strengthen competitiveness such as technology developmentThe unit price bidding for KEPCO distribution transformers, which is the biggest concern of the small and medium-sized transformer manufacturing industry, has been concluded. The bidding ended with the victory of the consortium of the Electric Power Association (Chairman Kwak Ki-young) and the Transformer Business Association (Chairman Choi Sung-gyu). Choi Sung-gyu, Chairman of the Transformer Association, said, “This KEPCO unit price bidding produced generally satisfactory results in terms of the secured quantity and the winning bid price,” and “It was not an easy bidding in many ways because there was only one bidder, but I am glad that we received a good report card in the end.” Since taking office as the 4th Chairman of the Central Transformer Business Association in 2008, Chairman..

작성일 2020-07-10

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New factory completed… Portfolio completed for market divers… Inside view of Elpowertech's new Hwaseong plant2019. 08. 27 (Tue)(Best ITEM) ElpowertechNew plant completed… Portfolio completed for market diversificationElpowertech (CEO Choi Seong-kyu, pictured), a manufacturer of heavy electrical equipment such as transformers and switches, is a company that is receiving more attention amid Japan's export regulations, including exclusion from the whitelist. This is because Elpowertech is the largest exporter to Japan in the transformer industry. Its annual export volume exceeds 5 million dollars. Elpowertech CEO Choi Sung-gyu said, "There is no problem with our existing relationship of trust or cooperation with Japanese trading companies," and added, "As a citizen of the country, I hope this will be an opportunity for us to overcome our trauma from Japan. I actively support our government's response." He added, "The Korean economy as a whole will suffer to some extent, but this is something that we will have to experience at some point," and added,..

작성일 2020-07-10

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$2.1 million worth of power transformers supplied to LA Powe… Overview of Elpowertech located in the Hwaseong Bio Valley Complex, Gyeonggi-doJuly 1, 2019 (Sun)Elpowertech succeeds in entering the North American marketSupplies $2.1 million worth of power transformers to the LA Power AuthorityElpowertech, a manufacturer of heavy electrical equipment such as transformers and switches, has succeeded in entering the North American market. Elpowertech (CEO Choi Seong-kyu) recently announced that it has received an order for large-capacity power oil-immersed transformers from the LA Power Authority. A total of 45 power transformers, including 22 34.4kV 7.5MVA units and 23 34.4kV 500kVA units, are worth $2.1 million (approximately 2.4 billion won). Elpowertech CEO Choi Seong-kyu met with reporters and said, “We have been knocking on the door of the public procurement market by obtaining UL certification for dry and oil-immersed transformers in order to enter the North American market,” and added, “This time, we have received orders for the LA Power Autho..

작성일 2020-07-10

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Promoting the industry's largest smart factory with an inves… 2019. 05. 09 (Thu)(Factory Evolution) ElpowertechPromoting the Industry's Largest Smart Factory with 20 Billion Won InvestmentElpowertech (CEO Choi Seong-kyu) is a mid-sized company in the industry that is growing into a comprehensive heavy electric company that manufactures transformers and switches. In particular, the company will move its headquarters and factory to the Hwaseong Bio Valley Industrial Complex in Gyeonggi Province at the end of May. The new factory will be reborn as a cutting-edge factory that will make a mark on the domestic heavy electric industry. First of all, it will be the largest factory built outside of large companies, with a land area of 16,000㎡ (approximately 5,000 pyeong) and a building area of 9,000㎡. The total investment cost is 20 billion won. Above all, the reason Elpowertech's new factory is attracting attention is because it pursues a 'smart factory'. Although the concept of a smart factory is still somewhat distant in the power equipment industry, e..

작성일 2020-07-10

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Smart New Factory Completion Imminent… Innovative Growth Con… Elpowertech's Special Transformer2018. 11. 28 (Wed)(Quality Management Special) ElpowertechSmart New Factory Completion Imminent… Innovative Growth ContinuedElpowertech (CEO Choi Seong-kyu), a transformer and switch manufacturer, will complete its new factory in the Hwaseong Bio Valley Industrial Complex in Gyeonggi Province within the year. It boasts a land area of 16,000㎡ (approximately 5,000 pyeong) and a building area of 9,000㎡, the largest after a large company in the heavy electric industry. Elpowertech plans to sequentially relocate its headquarters and production lines to the new factory, in which it invested a total of 15 billion won. The construction of the new factory is the starting point for Elpowertech's long-standing plan to organize its portfolio around three axes: transformers, switches, and systems. Choi Seong-kyu, CEO of Elpowertech, said, “The plan that we have been pursuing for a long time to diversify our product line and sales channels is gradually being complete..

작성일 2020-07-10

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Transformer Association, net profit of 130 million won last … The Transformer Association held its regular general meeting at Hotel Square in Ansan, Gyeonggi Province on the 21st and finalized this year’s budget, etc. Chairman Choi Seong-gyu is giving a speech.2018. 02. 21 (Wed)Transformer Association, last year’s net profit of 130 million wonRegular general meeting on the 21st, finalizing this year’s business plan, etc.The Korea Transformer Business Cooperative (Chairman Choi Seong-kyu) held its 11th regular general meeting at Hotel Square in Ansan, Gyeonggi Province on the 21st and decided on this year’s business plan and budget (draft). The Transformer Association set this year’s budget at 305.8 million won. This is an increase of more than 20% from last year’s 249 million won. The general meeting also passed the original bills for the dividend disposition (draft) and the resolution to participate in group contracts. The ‘resolution to participate in collective contracts’ is to form a consortium at the union level and participate in Korea Elec..

작성일 2020-07-10

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Complete transformer/switch distribution portfolio Written: Wednesday, July 19, 2017(HOT items of successful companies) ElpowertechComplete transformer and switch distribution portfolioElpowertech (CEO Choi Seong-kyu, pictured), a transformer and switch manufacturing company, is evaluated as the most innovative company in the industry. Not satisfied with settling in overseas markets, it continues to invest in new markets and develop future items. Elpowertech, which achieved sales of 20 billion won and exports of 10 million dollars in just 15 years since its establishment, is constantly thinking about how to build the most ideal business portfolio. It is also on track to achieve its sales target of 50 billion won this year. Elpowertech CEO Choi Seong-kyu emphasized, “We are making continuous efforts and investments to form the optimal portfolio by market, including exports and civil and public utilities, and by equipment, including transformers, switches, and systems.” He added, “If a company is not satisfied with the current situation ..

작성일 2020-07-10

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Smart factory implementation, manufacturing and logistics se… Written: Tuesday, May 16, 2017(4th Industrial Revolution) ElpowertechImplementation of Smart Factory, Consulting on Innovation in Manufacturing and Logistics“If we do not continuously explore new niche markets and overseas markets, we will inevitably be eliminated.” Elpowertech CEO Choi Seong-kyu (pictured) is a CEO who always emphasizes innovation, people, and investment in the future. The secret to Elpowertech’s growth as a leading company in the domestic transformer industry is also thanks to this management belief that has led to outstanding performance. Elpowertech, which has achieved sales of 20 billion won and exports of nearly 10 million dollars in just 15 years since its founding, is continuing to move forward without stopping. Elpowertech plans to make the new factory currently under construction in the Hwaseong Bio Valley Industrial Complex in Gyeonggi Province a smart factory. The new factory, with a land area of 16,000㎡ and a building area of 9,000㎡, is three times larger ..

작성일 2020-07-10

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