Manufacturing company to expand Memphis operations, add 123 jobs

URLhttps://www.actionnews5.com/2025/05/14/manufacturi
Sourceactionnews5.com
Date Published05/14/2025
Author NameJacob Gallant

Additional Reshoring Information:

Company/Division name Hyosung HICO
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):123
Year reshoring announced:2025
Domestically, the work will be done:In-house
Capital investment ($):51
Country(ies) from which reshored:Korea, South
City reshored to:Memphis
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredtransformers
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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