# Hyosung Heavy Industries to expand Memphis transformer plant

Hyosung Heavy Industries announced a $157 million investment to expand its ultra-high-voltage transformer plant in Memphis, Tennessee, increasing production capacity by over 50% by 2028.

- Type: Expansion
- Announced: 2026-01-22
- Where: Memphis, Tennessee, United States
- Value: $157.0M
- Starts operating: 2028
- Status: announced
- Capacity: 50% increase in ultra-high-voltage transformer production capacity
- Products: ultra-high-voltage transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hyosung Heavy Industries](https://endata.com/companies/5898.md)

## Sources

- [blog.hyosung.com](https://blog.hyosung.com/508236), 2026-01-22: "효성중공업은 최근 미국 테네시주에 소재한 멤피스 초고압변압기 공장에 1.57억 달러(한화 약 2,300억 원)를 투자해 2028년까지 초고압변압기 생산능력을 50% 이상 확대한다고 발표했다."

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