# Hyosung HICO expands transformer plant in Memphis for $157M

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

- Type: Expansion
- Announced: 2026-01-06
- Where: Memphis, Tennessee, United States
- Value: $157.0M
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [ecmag.com](https://www.ecmag.com/magazine/articles/article-detail/investment-by-grid-equipment-makers-could-ease-shortage), 2026-01-06: "Hyosung HICO, Memphis, Tenn., plans to spend $157 million to expand its transformer plant in Memphis."

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