# Hyosung Heavy Industries opens transformer factory in Memphis, Tennessee

Hyosung Heavy Industries (HICO) opened a new power transformer plant in Memphis, Tennessee. The company planned to invest $86.9 million and create 410 jobs in Shelby County over seven years.

- Type: New facility
- Announced: 2020-02-24
- Where: Memphis, Tennessee, United States
- Value: $86.9M
- Jobs: 410
- Starts operating: 24 Feb 2020
- Status: completed
- Products: power transformers
- 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

- [powertransformernews.com](https://www.powertransformernews.com/2020/02/24/20412/), 2020-02-24: "This is a GREAT day for HICO, the utility industry in North America, the city of Memphis and the state of Tennessee."

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