South Korean manufacturer plans $50M Memphis expansion
Hyosung Hico announced the multiyear expansion that would double the manufacturer’s capacity to produce a variety of power transformers and add more than 100 net new employees.
Topic: Hyosung HICO
RSSThere are 4 article(s) tagged Hyosung HICO:
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September 2025
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May 2025
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Elon Musk-founded xAI could purchase large order of transformers
Transformers are used to run power plants and data centers, like the xAI supercomputer in Memphis, and the demand for these facilities is increasing in the U.S.
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South Korean manufacturer announces $50M expansion at former Mitsubishi plant
The expansion will double the manufacturer’s capacity to produce a variety of power transformers and add more than 100 local hires to its 400 employees.
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South Korean company to double capacity at South Memphis facility
The company plans to nearly double its annual transformer output in the U.S. to over 250 units in two years, according to The Korea Economic Daily.
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