Hammond Power Solutions increases planned capital program

Hammond Power Solutions Inc., a Guelph, Ontario-based manufacturer of dry-type, cast resin transformers and related magnetics, announced on Aug. 26 that it intends to increase its planned capital program by approximately $20 million over two years.

The expansion will support Hammond’s power transformer portfolio of large, high-power transformers which are widely used in several commercial and industrial markets, said company representatives. The expansion is also expected to help shorten wait times and enhance Hammond’s North American delivery platform.

Since 2022, Hammond Power Solutions has invested approximately $80 million in capacity increases for its entire product range, the most recent being the company’s new facility in Monterrey, Mexico to build small low voltage and power quality products, which opened at the end of the second quarter of 2024.

“Hammond continues to experience favourable industry tailwinds for certain products driven by the electrification of our economy,” said Adrian Thomas, CEO of Hammond Power Solutions. “These investments will be made over the course of 2024 and 2025 to expand production in Monterrey [Mexico] to build custom power transformers which will remove current capacity bottlenecks and add significantly to our revenue capacity.”