HSP US LLC plans to invest $50 million in a new manufacturing facility in Charlotte.
CHARLOTTE, NC – Tench Group says it will build a new bushing production facility for transformers in Charlotte.
HSP US LLC, a subsidiary of German-based Tench Group says it will invest more than $50 million over the next five years on its first U.S.-based manufacturing plant.
The facility in southwest Charlotte, near Siemens Energy’s new facility, will manufacture bushings, a key component in high-voltage power transformers.
The plant is expected to open in early 2026 and bring 74 new jobs to Charlotte, including machinists, engineers and management, with an average salary of $77,315 per year.
“Charlotte’s growing skilled workforce in key electric and engineering fields combined with its business-friendly climate offers HSP US the ideal environment as we expand our operations globally,” said Dr. Nils von Dietman, CEO of HSP US. “The proximity to our key customers also played a role.”
“We are pleased to welcome HSP US to Charlotte,” said Charlotte Mayor Vi Lyles. “This new high-tech facility further strengthens Charlotte’s status as a growing energy hub and will bring advanced manufacturing jobs to our city. This is a continuation of our city’s ongoing efforts to strengthen and build new relationships in Germany.”
“Mecklenburg County remains an economic engine in our state and region,” said Mecklenburg Board of County Commissioners Chair Mark Jerrell. “We are pleased HSP US recognizes the strength of our local workforce and is choosing to invest in our community and bring a variety of skilled jobs.”
The project was a collaborative effort between the City of Charlotte, Mecklenburg County, the Economic Development Partnership of North Carolina and Duke Energy.
