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July 29, 2022

Five largest manufacturing plant construction projects initiated globally in Q2 2022

By Carmen

Here are the largest manufacturing plant construction projects initiated globally in Q2 2022, according to GlobalData’s construction projects database.

1. Sherman Semiconductor Chip Manufacturing Complex – $30,000m

The project involves the construction of four semiconductor chip manufacturing plants in Sherman, Texas, the US.

Construction work started in Q2 2022 and is expected to be completed in Q4 2030.

The project aims to strengthen the domestic semiconductor supply chain and will create 3,000 jobs once completed.

2. K2 Manufacturing Facility – $18,175m

The project involves the construction of a flash memory manufacturing facilities in Kitakami, Iwate, Japan.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2023.

The project aims to meet the rising demand for NAND flash memory devices around the world.

3. Changchun New Energy Vehicle Manufacturing Plant – $5,223m

The project involves the construction of a new energy vehicle (NEV) manufacturing plant in Changchun, Jilin, China.

Construction work started in Q2 2022 and is forecast to complete in Q4 2024.

The project aims to increase production capacity to meet the growing demand for NEV in China.

4. Yibin 20GW High-Efficiency Crystalline Silicon Solar Cell Production Plant – $1,636m

The project involves the construction of a 20GW high-efficiency solar cell manufacturing plant in Xuzhou District, Yibin, Sichuan, China.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2024.

The project aims to meet the increasing demand for high-efficiency solar cells in the region.

5. Foshan 30 GWH Lithium Battery Manufacturing Plant – $1,600m

The project involves the construction of a 30Gwh lithium battery manufacturing plant in Nanhai District, Foshan, Guangdong, China.

Construction work started in Q2 2022 and is expected to be completed in Q4 2024.

The project aimed to increase production capacity to meet the region’s growing demand for lithium batteries.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

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