Korean conglomerate to buy Mitsubishi plant, create 410 Memphis jobs

By , Special to the Daily Memphian Updated: December 13, 2019 2:24 PM CT | Published: December 13, 2019 9:36 AM CT

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


economic development Employment Mitsubishi Electric Power Products Hyosung Heavy Industries
Tom Bailey

Tom Bailey

Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.


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