Business
Hyosung Chairman Cho Hyun-Joon Announces Major Expansion of Memphis Power Transformer Plant
Hyosung Heavy Industries announced that it will invest $157 million in its Power transformer plant located in Memphis, Tennessee, to expand Power transformer production capacity by more than 50% by 2028.
About this update from Hyosung Corporation
[{"type":"text","content":"Hyosung Chairman Cho Hyun-Joon Aims to Make the Memphis Power Transformer Plant the Largest Transformer Factory in the U.S.","length":128,"tagName":"p"},{"type":"text","content":"SEOUL, South Korea, Dec. 12, 2025 /PRNewswire/ -- Hyosung Heavy Industries announced that it will invest $157 million in its Power transformer plant located in Memphis, Tennessee, to expand Power transformer production capacity by more than 50% by 2028.","length":263,"tagName":"p"},{"type":"image","alt":"Hyosung Heavy Industries’ Power Transformer Plant in Memphis, Tennessee, USA","displaySize":"","headline":null,"caption":"Hyosung Heavy Industries’ Power Transformer Plant in Memphis, Tennessee, USA","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":205,"url":"https://media.zenfs.com/en/prnewswire.com/c9cb07899ca569871e7323f41220f121"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VxVqaZOTjhbNCvtwyzLn2Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c9cb07899ca569871e7323f41220f121","width":400,"height":205}},"href":"https://mma.prnewswire.com/media/2843464/Hyosung_Heavy_Industries__Power_Transformer_Plant_in_Memphis__Tennessee__USA.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Total $300 Million Investment Makes the Plant the Largest Transformer Facility in the U.S.","length":95,"tagName":"p"},{"type":"text","content":"Hyosung Heavy Industries' additional expansion follows the directive of Chairman Cho Hyun-Joon, who emphasized the need to establish a forward-looking operating framework that positions the company ahead of the curve in the AI-era power infrastructure market.","length":263,"tagName":"p"},{"type":"text","content":"Hyosung Heavy Industries has invested a total of $300 million, including the acquisition of the Memphis plant and this latest third-phase expansion. With this additional investment, the Memphis Power transformer plant will hold the largest production capacity in the United States.","length":291,"tagName":"p"},{"type":"text","content":"The Memphis plant is the only facility in the U.S. capable of designing and manufacturing 765kV Power transformers. The 765kV Power transformer, known for its high design and manufacturing complexity, significantly reduces transmission losses compa...