# 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.

- Type: Expansion
- Announced: 2025-09-03
- Where: Memphis, Tennessee, United States
- Value: $50.0M
- Jobs: 100
- Status: announced
- Capacity: double capacity
- Products: power transformers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hyosung HICO](https://endata.com/companies/84743.md)

## Sources

- [dailymemphian.com](https://dailymemphian.com/article/54756/south-korean-manufacturer-hico-hyosung-memphis-expansion), 2025-09-03: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.