Hyosung Heavy Industries (HICO), one of the leading manufacturers in the power transformer business for the last 50 years, chose Memphis as the location for its first U.S. production operations.
The future is bright for Memphis. On behalf of the HICO team, we look forward to continuing to be a part of the Memphis community for years to come.Takeshi Yokota, CEO of Hyosung Heavy Industries
A manufacturer of electrical power equipment such as transformers, switchgear, flexible AC transmission systems and energy storage solutions, Hyosung Heavy Industries (HICO) produces technologically advanced state-of-the-art power transformers in Memphis. Headquartered in Seoul, South Korea, HICO exports its products to customers around the globe. Memphis’s strategic location, solid infrastructure and trained workforce allows HICO to increase production capacity and keep up with its growing demand.
