Growing footprint HICO America expanded its Memphis manufacturing facility in May 2025, signaling capacity gains and potential for increased production of power transformers and GIS equipment to support customer demand in North America.

North American focus As a wholly-owned Hyosung subsidiary with operations across the US and Canada, HICO America offers a localized capability for large-scale transformer and switchgear projects, enabling targeted sales efforts to regional utilities and industrial customers.

Experience and scale A long-standing transformer producer with a track record delivering thousands of GIS installations and transformers, HICO can leverage its reliability and engineering expertise to pursue complex, high-value retrofits, upgrades, and turnkey projects.

Global partnerships Strong engineering and sourcing links with factories in Korea and China allow competitive lead times and configurable solutions, presenting opportunities for global-aligned procurement programs and multi-region projects.

Mid-market growth Revenue in the 10–25 million range and a growing payroll presence suggest readiness for scaled delivery of mid-sized power infrastructure projects, including utility upgrades, data center resilience, and industrial energy initiatives.