Hyosung HICO Grows Operations in Right to Work Tennessee
Hyosung HICO is excited to announce its latest plans to expand operations in Right to Work Memphis, Tennessee. With this investment totalling $157 million, the company will also be able to create 240 new jobs!
From Area Development Magazine:
“This additional expansion reflects our shared success with the State of Tennessee and the partnership between our U.S. operations and our headquarters in South Korea. Together, we’ve built more than a manufacturing facility; we’ve built opportunity. Our employees are the quiet force behind the economic growth that defines Memphis and the broader ‘Digital Delta’, helping us become the leading domestic manufacturer of power transformers. As we expand our business, including 765kV solutions, transformers, switchgear and DC solutions, we remain committed to advancing American manufacturing, strengthening our community and honoring the Korea-America collaboration that fuels our success.” […]
“When companies choose Tennessee, it’s a clear testament to our strong business climate and leadership in innovation. When they choose us again, it underscores the lasting partnerships we’ve built through international engagement – and important to today’s announcement – our commitment to advancing critical industries like power. I’m grateful to Hyosung HICO’s leadership for their continued trust in our state and remain committed to supporting their success.” […]
“Hyosung HICO’s expansion reinforces Memphis’s position as a hub for advanced manufacturing and sustainable energy solutions. […] This investment will create quality jobs for our residents and strengthen our regional economy. What we’ve witnessed here is a perfect example of what makes Memphis GREATER – a place where global innovation meets strategic advantage. We’re committed to supporting Hyosung HICO’s success for years to come.”
To read the previous economic update on Right to Work states, click here.