# Hyosung Heavy Industries expands UHV transformer plants in Memphis and Changwon

Hyosung Heavy Industries will invest 100 billion KRW to expand its ultra-high-voltage transformer plants in Memphis, USA and Changwon, Korea, raising total UHV transformer capacity by about 40%, with Memphis capacity doubling.

- Type: Expansion
- Announced: 2024-06-12
- Where: Memphis, Tennessee, USA and Changwon, South Korea
- Value: $73.0M (100.0B KRW)
- Status: announced
- Capacity: Total UHV transformer capacity up about 40%; Memphis capacity doubled
- Products: ultra-high-voltage transformers, phase-shifting transformers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [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/6137), 2024-06-12: "약 1,000억원을 투자해 전체 초고압변압기 생산능력을 1.4배 확대한다는 계획입니다."

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