
Hyosung HICO invests $51 M in Memphis transformer facility
The $51 million investment will add 123 new jobs to Hyosung HICO’s US transformer manufacturing hub in South Memphis, boosting local energy sector capacity.
The $51 million investment will add 123 new jobs to Hyosung HICO’s US transformer manufacturing hub in South Memphis, boosting local energy sector capacity.
Hyosung Heavy Industries’ US transformer unit aims for a 10 % market share within two years.
US, Memphis: Joe Durante, general manager of the Mitsubishi plant is pursuing to increase volume of the business in multiple ways — including, possibly, a sale of the Memphis plant.
USA, Tennessee: Mitsubishi Electric Power Products, Inc. (MEPPI) has shipped its 50th high-voltage transformer manufactured exclusively in its North American transformer manufacturing facility in Memphis, Tennessee.