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  1. Market Data
July 29, 2022

Europe’s five largest manufacturing plant construction projects that commenced in Q2 2022

By Carmen

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

1. Debrecen Vehicles Assembly Plant – $1,200m

The project involves the construction of a vehicle assembly plant to handle a capacity of 150,000 cars per year on a 400ha of land in Debrecen, Hungary.

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

The project aims to build both standard internal-combustion cars and electrified models on the same line. It will create 1,000 new jobs.

2. Italian PV Giga Factory – $662m

The project involves the capcity expansion of the solar panel manufacturing plant from 200MW to 3,000MW per year in Sicily, Italy.

Construction work commenced in Q2 2022 and is expected to finish in Q3 2024.

The aim of the project is to produce 3,000MW panels to generate up to 5.5TW of electricity per year and contribute in reducing CO2 emissions by 25 million tons in the first ten years of operation.

3. Timisoara EV Battery Manufacturing Plant Expansion – $226m

The project involves the construction of a 20,000m2 EV battery plant in Timis, Romania.

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

The aim of the project is to expand the existing factory by building a zero energy facilities and to meet the growing demand for EV batteries.

4. Kilkenny Cheese Production Plant – $211m

The project involves the construction of an 18,000m2 cheese production plant in Leinster, Ireland.

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

The project aims to produce over 50,000 tonnes of continental cheese per year and provide a world-class product for consumers.

5. Pilsen Digital Park Aluminum Can Production Plant – $206m

The project involves the construction of aluminum can production plant of 100,000m2 with two production lines on 28ha of land in Pilsen, Plzensky, Czech Republic.

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

The project aims to meet the growing demand for sustainable and recyclable beverage packaging material in the region. It will create 200 jobs,

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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