Hyosung Hico plans $50M Memphis expansion for power transformers

Hyosung Hico announced a multiyear expansion in Memphis, Tennessee, that would double capacity for power transformers and add over 100 net new employees. The investment is approximately $50 million.

“Hyosung Hico announced the multiyear expansion that would double the manufacturer’s capacity to produce a variety of power transformers and add more than 100 net new employees.”dailymemphian.com

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• dailymemphian.comSouth Korean manufacturer plans $50M Memphis expansion - Memphis Local, Sports, Business & Food News | Daily MemphianSophia SurrettSep 3, 2025

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