Hyosung Heavy Industries to locate first US production facility in Memphis

Korea-based Hyosung Heavy Industries will invest $86.9 million to create 410 jobs at a new US production facility in Shelby County, Memphis, Tennessee, making power transformers. Production is planned to start by the first half of 2020.

“HICO will invest $86.9 million and create 410 jobs in Shelby County over the next seven years.”tn.gov

• 1 source
• tn.govGovernor Lee, Commissioner Rolfe Announce Hyosung Heavy Industries to Locate First US Production Facility in MemphisDec 13, 2019

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