Memphis large power transformer plant expansion (765kV)
Hyosung HICO, Ltd., Memphis, Shelby County, Tennessee
Memphis large power transformer plant expansion (765kV) in Memphis, Tennessee is Hyosung HICO, Ltd.’s plant for large and extra-high-voltage power transformers. Status: under construction as of November 12, 2025 (construction started). Hyosung HICO, Ltd. announced $157 million and 240 jobs. Primary source: tn.gov, checked November 1, 2026.
- Status
- Under construction
- Announced investment
- $157 million
- Announced jobs
- 240
- Industry
- Electrical equipment
- Sheet
- TN-21
- Revised
- November 1, 2026
Status timeline
Filled dots are confirmed by a company, state, SEC or federal source. Dashed dots come from news reports only. Investment and job figures are as announced, not achieved.
Plant facts
| Company | Hyosung HICO, Ltd. |
|---|---|
| Plant | Memphis large power transformer plant expansion (765kV) |
| Location | Memphis, Shelby County, Tennessee |
| Industry | Electrical equipment |
| Product | Large and extra-high-voltage power transformers |
| Announced investment | $157 millionNov 2025 expansion; follows a separate $51M / 123-job expansion announced 2025-05-14 |
| Announced jobs | 240 |
| Last checked | November 1, 2026 |
Sources
- TNECD: Hyosung HICO $157M expansion (state release, tn.gov, checked November 1, 2026)
- TNECD: Hyosung HICO $51M expansion (state release, tn.gov, checked November 1, 2026)
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