South Korean manufacturer moves forward with next phase of $157 million Memphis expansion
Hyosung HICO launches “Project Innovation East” as the next phase of its U.S. headquarters expansion in South Memphis.
Topic: Hyosung HICO
RSSThere are 8 article(s) tagged Hyosung HICO:
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March 2026
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Power-transformer maker plans to construct $30M manufacturing building
The company had promised to invest $86.9 million in its facility and create more than 400 jobs by 2027. That promise was fulfilled two years ahead of schedule.
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December 2025
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Memphis in May names honored country for 2026
The Greater Memphis Chamber and Memphis in May announced the honored country for next year to more than a thousand people at the Chamber’s annual Chairman’s Luncheon.
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November 2025
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South Korean manufacturer to invest another $157M, create 240 new jobs in Memphis
The $157 million expansion includes a new facility at its Memphis campus at 1865 Riverport Road.
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September 2025
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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.
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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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