Memphis expands transformer production to become US leader by 2027

Hyosung HICO has announced a significant $51 million investment in Shelby County, Tennessee, marking a pivotal moment for the region and the nation. This investment is set to double the company’s production capacity of large power transformers, increasing output from 130 to 250 units per year by 2027.

The expansion positions Hyosung HICO as the largest domestic producer of large power transformers, a critical component in meeting the growing energy demands across the United States. With the rise of data centers, artificial intelligence, and renewable energy initiatives, the need for robust power infrastructure has never been more pressing. The facility in Memphis is one of the few globally capable of producing 765,000-volt transformers, which will support energy transmission from Texas to the Midwest and the Ohio Valley.

This investment not only underscores Hyosung HICO's commitment to onshoring manufacturing but also highlights the importance of innovative energy solutions in driving Tennessee's economic future. As the demand for electricity continues to surge, the products manufactured at this facility will play a crucial role in supporting the energy needs of various sectors.

The announcement was celebrated as a milestone for real growth, emphasizing the broader implications for local job creation and economic development. As Hyosung HICO moves forward with this expansion, the community can anticipate a strengthened position in the energy sector, contributing to both local and national energy solutions.