Hyosung HICO

Hyosung HICO plans to spend $157 million to expand its transformer plant in Memphis, Tennessee.

Hyosung HICO will invest $157 million and create 240 new jobs to construct a new facility at its U.S. manufacturing headquarters in Memphis, Tennessee, expanding manufacturing capacity by 50%.

Hyosung Hico announced a multiyear expansion in Memphis, Tennessee, that would double capacity for power transformers and add over 100 net new employees. The investment is approximately $50 million.

Hyosung HICO, Ltd announced an expansion of its U.S. manufacturing headquarters in Memphis, Tennessee, investing $51 million and creating 123 new jobs. The company is a subsidiary of South Korean Hyosung Heavy Industries and produces large power transformers.