PR99779

SEOUL, South Korea, March 16, 2023 /PRNewswire=KYODO JBN/ --

Hyosung Chairman Cho Hyun-joon has set about acquiring human resources to

enhance competitiveness in the US power market, the largest market in the

world. The company founded a corporation for manufacturing in the US for local

production and is now hiring new employees actively.

Hyosung HICO, Hyosung Heavy Industries' US subsidiary, is actively hiring

employees as it plans to expand its production capacity for transformers.

Hyosung Heavy Industries once acquired a transformer production line in the US.

In 2019, the company took over an extra-high voltage transformer factory in

Memphis, Tennessee from Mitsubishi, Japan and is now producing core-type

extra-high voltage transformers in full swing.

In 2021, Chairman Cho visited the extra-high voltage transformer factory

located in Tennessee to encourage employees to penetrate the US market.

Hyosung Heavy Industries is expanding its business territory taking equipment

orders from power markets across the world, including Africa, Middle East,

Europe and Australia.

SOURCE  Hyosung Corporation