Hammond Power Solutions Boosts U.S. Footprint With New Texas Manufacturing Facility
Dow Jones2026/09/22 11:54By Robb M. Stewart
Hammond Power Solutions has leased a new manufacturing site in Texas as the Canadian provider of magnetic and power electronic solutions looks to beef up its capacity to service U.S. customers.
The push comes as demand for transformers continues to increase, particularly from large projects tied to data centers, electrification and power infrastructure. Hammond said the Fort Worth facility is located to improve proximity to key customers, shortening delivery distances for certain products.
Production at the site is expected to start in stages beginning in the fourth quarter of next year.
Once the initial production phase commences, the facility is expected to add about 250 million Canadian dollars ($178 million) of manufacturing capacity, based on anticipated demand, the company said. It added that it expects to invest about C$50 million to equip and commission the initial production phase, which it anticipates funding through its existing cash and credit facilities.
The facility was selected in part because of its potential to support additional capacity over time, Hammond said.
Subject to market demand, future capital investment and other factors, the site could support total annual manufacturing capacity of about C$400 million, it said.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
September 22, 2026 07:54 ET (11:54 GMT)
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.
You may also like
Citi optimistic about international oil companies: low-cost resource reserves being rebuilt may drive energy sector to reverse a decade-long valuation discount
With oil prices in the mid-$70s range, Citi believes that global international oil companies (IOCs) can deliver a free cash flow yield of 7% to 8%, and achieve a real growth rate of 4% to 5% over a period of time.

Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
