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

By , Daily Memphian Updated: May 14, 2025 2:44 PM CT | Published: May 14, 2025 10:03 AM CT

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. 

Topics

Hyosung Heavy Industries Hyosung HICO Mitsubishi Electric Power Products
Sophia Surrett

Sophia 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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