# 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.

- Type: New facility
- Announced: 2019-12-13
- Where: Memphis, Shelby County, Tennessee, United States
- Value: $86.9M
- Jobs: 410
- Status: announced
- Products: power transformers, switchgear, flexible AC transmission systems, energy storage solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

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

## Sources

- [tn.gov](https://www.tn.gov/ecd/news/2019/12/13/governor-lee--commissioner-rolfe-announce-hyosung-heavy-industries-to-locate-first-us-production-facility-in-memphis.html), 2019-12-13: "HICO will invest $86.9 million and create 410 jobs in Shelby County over the next seven years."

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