Hammond Power Solutions leases Fort Worth plant, invests CAD $50 million to add U.S. transformer capacity

Bitget2026/09/22 13:22

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HPS - Hammond Power Solutions Inc. published the original content used to generate this news brief on September 22, 2026, and is solely responsible for the information contained therein.

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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Hammond Power Solutions leases Fort Worth plant, invests CAD $50 million to add U.S. transformer capacity

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