Hyosung HICO to Invest $51 Million in Memphis, Creating More than 100 New Jobs

(LPL) – Hyosung HICO, Ltd. is expanding its operations in Memphis, investing $51 million in the city and creating more than 100 new jobs. The South Korean power transformer manufacturer announced that the company plans to expand its current operations at its transformer manufacturing facility in southwest Memphis, creating 123 new jobs in Shelby County. “We’ve been waiting for this day since December 2019,” said Ted Townsend, president and CEO o…