# Hyosung Heavy Industries to double Memphis factory capacity

Hyosung Heavy Industries will double the production capacity of its Memphis, United States factory to approximately $400 million this year, with plans to grow to $700 million by 2028.

- Type: Expansion
- Announced: 2026-07-09
- Where: Memphis, United States, United States
- Starts operating: 2026
- Status: announced
- Capacity: $400 million (current target), $700 million (by 2028)
- Products: ultra-high-voltage transformers, power equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=272762), 2026-07-09: "To handle the growing volume, the company will double the production capacity of its Memphis, United States factory to approximately $400 million this year."

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