# 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.

- Type: Expansion
- Announced: 2026-03-12
- Where: Memphis, Tennessee, United States
- Value: $32.5M
- Status: under construction
- Products: large power transformers, 765-kV transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hyosung HICO](https://endata.com/companies/84743.md)
- [Hyosung Heavy Industries](https://endata.com/companies/5898.md) (partner)

## Sources

- [transformer-technology.com](https://transformer-technology.com/hyosung-hico-building-new-32-5m-manufacturing-facility-to-support-765-kv-transformers/), 2026-03-12: "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."

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