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Hyosung Announces $156 Million Expansion in Memphis, Says It Will Add About 240 Jobs
Summary
An official reading from the meeting transcript said Hyosung announced a $156,000,000 capital expansion of a Memphis transformer plant that the speaker said would create about 240 high‑paying jobs; the speaker credited international outreach and local relationships for the decision.
An official identified only by the transcript label S1 announced that Hyosung is expanding a transformer plant in Memphis with a capital investment described in the transcript as $156,000,000 and an estimated 240 new jobs. The speaker said the company held a ground‑breaking celebration in Shelby County.
The speaker emphasized the local economic significance, calling the jobs "high…
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