- CEO
- Dong-Seok Park
- Full Time Employees
- 333
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- 481 Sihwa Venture-ro Ansan-si GY South Korea 15655
- IPO Date
- Jul 29, 2024
- Business
- Sanil Electric Co., Ltd. manufactures and sells industrial transformers and related electrical equipment primarily for renewable energy, power transmission and distribution grids, marine and offshore plants, railway systems, and petrochemical facilities. The company offers oil-immersed transformers, cast resin transformers, dry-type transformers, pole-mounted and pad-mounted distribution transformers, power transformers with capacities up to 50 MVA and primary voltages up to 72 kV, reactors, high- and low-voltage soft starters, and specialized products for EV charging stations, hydro generation, and fuel cells; these are deployed internationally with over 60% of revenue from the U.S. market and additional operations in Japan, Mongolia, Malaysia, Nigeria, Vietnam, and elsewhere. Founded in 1987 and headquartered at 481 Sihwa Venture-ro, Ansan-si, Gyeonggi-do, South Korea, Sanil Electric employs approximately 298 people under CEO Dong-Suk Park and maintains quality certifications including ISO 9001, ISO 14001, and various marine classifications. Recent developments include a January 2025 order exceeding $11.4 million from GE Vernova for transformers, new contracts secured with U.S. utilities PG&E and Duke Energy alongside existing partnerships with TMEIC, and the ramp-up of a new plant since December 2024 to expand distribution transformer production capacity, projected to add over W100bn in annual revenue, with a second expansion planned for 2026.