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Hyosung HICO expands transformer plant in Memphis for $157M · Endata

◂ Announcements

Jan 6, 2026EXPANSIONMemphis, Tennessee, United States

Hyosung HICO expands transformer plant in Memphis for $157M

Hyosung HICO plans to spend $157 million to expand its transformer plant in Memphis, Tennessee.

Value

$157.0M

Status

Announced

Productstransformers

CompaniesHyosung HICO

Sectors#Electrical Equipment

“Hyosung HICO, Memphis, Tenn., plans to spend $157 million to expand its transformer plant in Memphis.”ecmag.com

1 source
ecmag.comInvestment by Grid Equipment Makers Could Ease Shortage - Electrical Contractor MagazineLori LovelyJan 6, 2026

Summarized from public sources; check the original articles before acting on it.

More from Hyosung HICO

Mar 12, 2026EXPANSIONMemphis, Tennessee, United States$32.5M
Hyosung HICO building $32.5M transformer facility in Memphis
Hyosung HICO Hyosung Heavy Industries partner transformer-technology.com
Nov 12, 2025EXPANSIONMemphis, Tennessee, United States$157.0M240 jobs
Hyosung HICO expands U.S. manufacturing headquarters in Memphis with $157M investment
Hyosung HICO tn.gov
Sep 3, 2025EXPANSIONMemphis, Tennessee, United States$50.0M100 jobs
Hyosung Hico plans $50M Memphis expansion for power transformers
Hyosung HICO dailymemphian.com
May 14, 2025EXPANSIONMemphis, Tennessee, United States$51.0M123 jobs
Hyosung HICO to expand Memphis transformer plant with $51M investment
Hyosung HICO Hyosung Heavy Industries partner tn.gov

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