Eaglerise Expands Global Manufacturing with Thailand Transformer JV
Eaglerise Electric & Electronic China has announced plans to establish a new energy transformer manufacturing joint venture in Thailand with an investment of up to CNY130 million (approximately $18.9 million), aiming to support growing overseas demand for power equipment.
The project will be developed through the company’s Thai subsidiary in partnership with Xindor Global and Canadian Solar Energy Holding Transformers, a unit of CS Renewable Ventures.
The new joint venture will oversee the investment, construction, and operation of a transformer manufacturing facility in Si Racha, Chonburi province, Thailand. Under the ownership structure, Eaglerise will hold a 51% stake, while Xindor Global will own 19%, and Canadian Solar Energy Holding Transformers will hold the remaining share.
The plant will primarily manufacture medium- and low-voltage distribution transformers, box-type transformers, and prefabricated substations, with priority supply planned for Canadian Solar Energy and its affiliated companies.
According to the company, the facility will also ensure products meet regulatory requirements for export to the United States, although the expected commissioning timeline and production capacity have not yet been disclosed.
The investment is part of Eaglerise’s broader international manufacturing expansion strategy. The company’s first transformer plant in Thailand began operations in December 2025 with an annual capacity of 6,000 new energy and distribution transformers.
Additionally, the company recently commissioned a distribution transformer manufacturing facility in Texas with an annual capacity of 21,000 units, while a new energy transformer plant in Mexico, with an investment of nearly $100 million and annual capacity of 6,000 units, is expected to begin operations later this year.
Eaglerise manufactures a range of transformer products, including special transformers for data centers and industrial applications, as well as new energy transformers for photovoltaic and energy storage systems and conventional distribution transformers.
The company reported 20% revenue growth in the first half of last year, driven largely by expanding global installations of solar PV and energy storage, along with increased demand for power infrastructure upgrades.
Source: yicaiglobal.com
