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Company Announces 240 New Jobs, $150 Million Investment in Memphis

Hyosung HICO will boost production capacity by 50% and create 240 industrial jobs to support U.S. power-grid modernization and local economic growth.

Summary by WREG News
MEMPHIS, Tenn. — The manufacturing company in Memphis, Hyosung HICO, announced it will be expanding its operations for the second time Wednesday morning. The South Korean power transformer manufacturer announced back in May that it is expanding its operations in Memphis, investing $150 million in the city and creating 240 new jobs. The new plant [...]

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While real estate is in crisis, public works are entering the middle of the electoral cycle and the building is struggling to switch to renovation, the landscape is on its way.

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WREG News broke the news in Memphis, United States on Wednesday, November 12, 2025.
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