There are 7 article(s) tagged Hyosung Heavy Industries:

• May 2025

  • Elon Musk-founded xAI could purchase large order of transformers

    Transformers are used to run power plants and data centers, like the xAI supercomputer in Memphis, and the demand for these facilities is increasing in the U.S.

    By Sophia Surrett May 14, 2025

  • South Korean manufacturer announces $50M expansion at former Mitsubishi plant

    The expansion will double the manufacturer’s capacity to produce a variety of power transformers and add more than 100 local hires to its 400 employees. 

    By Sophia Surrett May 14, 2025

  • South Korean company to double capacity at South Memphis facility

    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. 

    By Sophia Surrett May 07, 2025

• December 2019

  • The Early Word: Three tax breaks, one makeover and Orange Mound isn’t having it

    Good morning; it’s Thursday, Dec. 19. Today, Democratic presidential candidate Michael Bloomberg will be in Memphis, and Beale Street Music Fest has an announcement for us. 

    By Mary Cashiola December 19, 2019

  • Tax incentives approved for transformer plant, chemical plant

    The EDGE Board on Wednesday approved $13.1 million worth of new tax incentives for two companies that plan to make $141 million in capital investments and add at least 159 jobs.

    By Tom Bailey December 18, 2019

  • The Early Word: FedEx, Friday and the future of Saint Francis

    Good morning; it’s Monday, Dec. 16. Today, a community program will graduate its first class of real estate developers, and the Grizz take on the Heat at the FedExForum. 

    By Mary Cashiola December 16, 2019

  • Korean conglomerate to buy Mitsubishi plant, create 410 Memphis jobs

    A Korean company will make an $87 million investment and establish its first presence in the U.S. in Memphis.

    By Tom Bailey December 13, 2019