Hyosung HICO building $32.5M transformer facility in Memphis

Hyosung HICO is constructing a new $32.5 million, 81,170-square-foot transformer manufacturing building at its Memphis, Tennessee headquarters to support production of 765-kV transformers. The expansion is part of the company's Project Innovation West initiative.

“Hyosung HICO is continuing to expand its U.S. manufacturing footprint with plans to construct a new $32.5 million transformer manufacturing building at its headquarters in Memphis, Tennessee.”transformer-technology.com

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• transformer-technology.comHyosung HICO Building New $32.5M Manufacturing Facility to Support 765-kV Transformers - Transformer TechnologyMar 12, 2026

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