Hyosung High Co. expansion in Memphis hailed as boost for jobs, onshoring and energy investment
November 14, 2025 | Economic and Community Development, State Agencies, Organizations, Executive, Tennessee
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Speakers emphasized technology and energy links to the project. "If you think about what we're doing together, and we're growing AI and data centers. We're growing generation, including nuclear generation, which is happening here in the state of Tennessee," said Speaker 2. Speaker 4 added, "Today, we are shaping the future of energy," and described the factory and partnerships as "readiness for tomorrow." Speaker 6 framed the announcement as a "perfect example of the public power model at work," linking the initiative to affordable energy, environmental stewardship and economic development.
Local opportunity was a recurring theme. "We are very happy to get this good opportunity here in Memphis," said Speaker 3, who also stressed access to "very good employees." Speaker 7 thanked investors for helping to drive "really good paying jobs" and said the project strengthens the community.
The announcement repeatedly framed the expansion as an example of Memphis' attractiveness to advanced manufacturing and sustainable energy firms: "Hyosung High Co's expansion reinforces Memphis' position as a hub for advanced manufacturing and sustainable energy solutions," Speaker 5 said. Officials credited incentives and partnership with local government and utility models but did not detail specific incentive packages, dollar amounts, job numbers or timelines; those items were "not specified" in the remarks.
No formal votes, contracts, or implementation timelines were announced during the remarks captured in the transcript. The speakers positioned the expansion principally as an economic-development milestone and called for continued investment and partnership to realize the project's local benefits.
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