Here are Asia Pacific’s five largest manufacturing plant construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.

1. K2 Manufacturing Facility – $18,175m

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

Construction work started in Q2 2022 and is expected to be completed in Q4 2023.

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

2. 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 commenced in Q2 2022 and is expected to finish in Q4 2024.

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

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

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

4. 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 commenced 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.

5. Tianjin Binhai 24GWh Power Battery Manufacturing Plant – $1,494m

The project involves the construction of a 24GWh power battery manufacturing plant in Binhai New Area, Tianjin, China.

Construction work started in Q2 2022 and is expected to be completed in Q4 2025.

The project aims to meet the growing demand for battery products.

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.