# Hyosung HICO expands U.S. manufacturing headquarters in Memphis with $157M investment

Hyosung HICO will invest $157 million and create 240 new jobs to construct a new facility at its U.S. manufacturing headquarters in Memphis, Tennessee, expanding manufacturing capacity by 50%.

- Type: Expansion
- Announced: 2025-11-12
- Where: Memphis, Tennessee, United States
- Value: $157.0M
- Jobs: 240
- Status: announced
- Capacity: 50% increase in manufacturing capacity
- Products: large power transformers, including 765kV transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

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

## Sources

- [tn.gov](https://www.tn.gov/ecd/news/2025/11/12/hyosung-hico--ltd--expands-u-s--manufacturing-headquarters-for-second-time-in-six-months.html), 2025-11-12: "Hyosung HICO will invest an additional $157 million and create 240 new jobs as the company constructs a new facility at its U.S. headquarters."

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