South Korean company to double capacity at South Memphis facility
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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Hyosung Heavy Industries Hyosung HICO ManufacturingSophia Surrett
Sophia Surrett is a recent University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers commercial real estate, economic development, residential real estate, restaurant real estate, and hospitality and tourism.
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