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South Korean company to double capacity at South Memphis facility
 
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Hyosung bought the former Mitsubishi plant in South Memphis for $45 million in 2019. (AP file photo)
 

Hyosung bought the former Mitsubishi plant in South Memphis for $45 million in 2019. (AP file photo)

The company plans to nearly double its annual transformer output in the U.S. to over 250 units in two years, according to The Korea Economic Daily. 

 
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