Hammond Power Solutions (TSE:HPS.A) has released an update.
Hammond Power Solutions, a key player in the manufacturing of transformers and related magnetics, has announced a $20 million increase in its capital investment plan. This investment is set to boost production capabilities, particularly for custom power transformers at its Monterrey facility, aiming to relieve existing bottlenecks and enhance revenue potential. The company’s strategic expansion is expected to improve delivery times and strengthen its North American market position.
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