# Hyosung Heavy Industries plans $157M expansion of Memphis transformer plant

Hyosung Heavy Industries plans to invest approximately $157 million to expand production lines at its Memphis, Tennessee ultra-high-voltage transformer plant by 2028, following completion of a second expansion this year. The company is also building a new HVDC transformer plant in Changwon, South Korea, targeting completion in 2027.

- Type: Expansion
- Announced: 2026-11-04
- Where: Memphis, Tennessee, United States, United States
- Value: $157.0M
- Status: announced
- Capacity: over $600 million annual production capacity (after expansion)
- Products: ultra-high-voltage transformers, HVDC transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/2644101), 2026-11-04: "효성중공업은 미국 테네시주 멤피스 초고압 변압기 공장의 2차 증설을 올해 마무리하고, 2028년까지 약 1억5700만달러를 추가 투입해 생산라인을 확대할 계획이다."

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