Growth and expansion HICO America recently expanded its Memphis manufacturing facility and announced plans to grow, signaling increased capacity and potential demand for electrical equipment, transformers, GIS, STATCOM and energy storage solutions in the U.S. market.

Strategic repute As a wholly owned subsidiary of Hyosung Heavy Industries, HICO America may offer favorable access to a broader global supply chain, engineering expertise, and competitive pricing for heavy electrical equipment and grid solutions.

Grid solutions focus Product portfolio includes transformers, shunt reactors, HV GIS, MV GIS, STATCOM and energy storage solutions, presenting cross-sell opportunities to utilities and industrial customers undergoing grid modernization and reliability projects.

Regional footprint Headquartered in Pittsburgh with manufacturing in Memphis and service facilities in Greensburg, plus satellite offices, enabling localized sales motions across the U.S. with potential to tailor offerings to regional utility needs.

Growth potential Past investments in Memphis facility and ambitious job growth indicate a trajectory of scaling production capacity, creating opportunities for long-term contracts, aftermarket services, and maintenance solutions for large-scale electrical equipment.