Scott Bader created a €2 million laboratory facility in France, which will open in Q1 2024.
Gruma announced a MXN 1.5 billion investment to build a new Mission Foods plant in Hunucmá, Yucatán, Mexico. The plant will produce tortillas, tostadas and packaged snacks, with an annual capacity of 56,000 tonnes and is expected to create over 800 direct jobs.
SOCO Machinery has completed construction of its Laser Technology Center in the Nangang Industrial Zone, Taiwan, with a total investment of US$32 million. The center will focus on laser cutting, welding, R&D and application.
KION Group announced a joint venture with Weichai Power to build a new plant in Jinan, China, producing counterbalanced forklifts. KION holds 95% and Weichai 5%. The €100 million plant is expected to start production in 2022 and create over 800 jobs.
Novelis signed an agreement to build a lightweight high-end automotive aluminum sheet project in Zhenjiang, China. The $300 million facility will produce 230,000 tons of cold-rolled aluminum coils annually for automotive customers.
HZQT Heavy Industry Technology Corporation announced it will invest 800 million yuan to build a new production base for large-scale energy equipment components, including a 100MN hydraulic forging press, with an annual output of 2,000 pieces.
STMicroelectronics and Sanan Optoelectronics plan to invest $3.2 billion to jointly build an 8-inch silicon carbide epitaxial and chip foundry in Chongqing, China. The joint venture is expected to start production by 2025 and reach full capacity in 2028.
SHBA plans to invest 60 million euros to build a new ultrafiltration membrane manufacturing plant in Jiangsu, China, using German nano-ceramic flat ultrafiltration membrane technology, with first-stage annual capacity of 60,000 square meters.
Kolon BASF InnoPOM, a joint venture between Kolon Plastics and BASF, started production of a new polyoxymethylene (POM) plant in Kimcheon, South Korea, with an annual capacity of 70,000 tons, built at a cost of $220 million.
Covestro has begun construction of a new Vulkollan raw material production plant in the Map Ta Phut Industrial Zone, Thailand. The investment is in the mid-to-high double-digit million euro range, and production is scheduled to start at the end of 2022, creating over 25 jobs.
Following the acquisition, Bostik-Nitta will invest in a new adhesive factory in Japan to support growth in sanitary nonwovens, packaging, labeling, transportation, and electronics industries.
Poly Power Semiconductor (Chongqing) Co., Ltd. held a groundbreaking ceremony for a gallium nitride chip project in Dazu High-tech Zone, with a planned investment of 5 billion yuan. The project will produce GaN epitaxial wafers and chips, creating 2,500 jobs.
JXSH Advanced Materials Technology Corporation will invest 2 billion yuan to build a new graphene composite fiber and graphene interwoven fabric production base. The first phase is expected to be completed by end of November 2022, and the second phase by end of December 2024, with annual production of 120,000 tons of graphene low elastic yarn and 20,000 tons of graphene fabric.
Webasto opened a new plant in Wuhan, China, its largest in the world, with a construction area of 41,000 square meters. The plant produces automotive sunroofs, electric heaters, and charging solutions, with an annual sunroof capacity of 2 million units. The investment was 5,000 million euros.
Dow Chemical began construction of a 60,000-ton/year acrylic emulsion production line in Meishan, China, with a total investment of $75 million. It is expected to be completed and put into operation in early 2018.
A joint venture project for civil aviation structural parts production, with total investment of 5.2 billion yuan, held a groundbreaking ceremony in Jingjiang, China. The project involves COMAC, GKN Aerospace and AVIC International. Phase one investment is 3.6 billion yuan.
Andriani Ltd., an Italy-based pasta manufacturer, will invest $33.6 million to build its first North American production facility in London, Ontario, creating 42 jobs. The facility will produce gluten-, allergen- and GMO-free pasta.
GKN Aerospace announced a new production facility in Trollhättan, Sweden, using advanced additive manufacturing technology for aircraft engine components. The investment is approximately SEK 600 million, with SEK 152 million from Industriklivet, and is expected to create up to 150 jobs.
XCMG Hydraulics' high-end hydraulic valve project in the XZ High-tech Development Zone has been put into production, with capacity of 30,000 high-end hydraulic cylinders and 30,000 hydraulic valves a year, after a total investment of over 700 million yuan.
WPT Nonwovens Corp. has started up its $19.5 million manufacturing facility in Ohio County, Kentucky, adding a 75,000-s.f. carded nonwoven production line with over 12,000 annual metric tons of capacity for HVAC filtration media and hygiene fabrics.
EuroGroup Laminations inaugurated a new production plant in Querétaro, Mexico, with a total investment of approximately €50 million (US $54.8 million), to supply motor cores for the EV and automotive market.
Daimay Automotive has inaugurated its fifth auto parts plant in Ramos Arizpe, Coahuila, Mexico, with an investment of $51 million, expected to generate 1,500 jobs.
Yalka will build a new production facility for refrigeration and ventilation equipment in the Demidov industrial park in Pursevo, Balashikha. The investment is about 100 million rubles, creating 40 jobs, with the first phase expected to open in 2024.
South Korean KP Aero Industries will build a 20,000 sq.m factory at Da Nang Hi-Tech Park with an investment of VND 480 billion (USD 20 million). Construction starts Q1 2024, first phase operational Q4 2024, full capacity by Q2 2029.
BYK Netherlands B.V. held a groundbreaking ceremony on January 11, 2024, for a new factory in Deventer, Netherlands, to manufacture solvent-based wax dispersions. The investment is a double-digit million euro amount, with commercial production expected by end of 2026.
Fosber Asia held a topping-out ceremony for its new intelligent corrugator factory in Songxia Industrial Park, Foshan, marking completion of the main construction phase. The project has an investment of about 500 million yuan on a 13-acre site.
Daimay inaugurated its fifth plant in Ramos Arizpe, Mexico, with a $45 million investment and 800 jobs, and simultaneously started construction of Plants 6 and 7, which will produce parts for electric vehicles. The new plants are expected to create 700 jobs in the second half of 2024.
Vestas plans to establish a new blade factory in Szczecin, Poland, to produce blades for its V236-15.0 MW offshore wind turbine. The plant is expected to open in 2026, creating over 1,000 direct jobs.
TechnoSport signed an MoU with the Tamil Nadu Government to establish an activewear factory in Erode district, specializing in technical textiles. The facility will have a daily capacity of 25 tons and is expected to create over 2000 jobs, with production starting by March 2024.
TPA ROBOT, a Chinese linear motion actuator company, launched a new factory dedicated to producing ball screws, a critical component for linear modules. The facility uses German PROFIROLL equipment to manufacture C5 grinding and C7 rolling ball screws.
Wacker Chemie AG is investing in a new silicone production site in Karlovy Vary, Czech Republic, with an investment in the low triple-digit million euro range. Production is expected to start by end of 2025, creating up to 200 jobs by 2028.
A joint venture involving Hell Energy and the Azerbaijan Investment Company plans an aluminum beverage can production and filling plant in the Alat Free Economic Zone. Design work is being finalized and construction is expected to start soon, with 280 permanent jobs anticipated.
GEA began operations at a new 86,000 square-foot fabrication, repair, logistics and training facility in Janesville, Wisconsin, representing about USD 20 million of investment. The site employs over 70 people.
Meridian Adhesives Group opened a new manufacturing facility in Las Vegas, Nevada, featuring advanced production and R&D capabilities, to expand capacity for high-performance adhesives.
Signetics Corporation, a subsidiary of Young Poong, will invest $100 million to build a semiconductor assembly and testing factory in Ba Thien Industrial Park, Vinh Phuc Province, Vietnam. The factory is expected to be operational by end of 2024 with first product by October 2025.
Yichang Xinrong New Material Technology Co., Ltd. plans to build a new production facility in Yidu, Yichang, Hubei, with an investment of 128 million yuan, to produce 1,000 tons of new spunlace nonwoven fabric annually.
Vertiv inaugurated a new 210,000 sq ft manufacturing facility in Chakan, Pune, India, to produce thermal management products for data centers and other applications. The facility supports the company's third manufacturing site in India.
VEM Group will build an electrical motor R&D and production base in Wuxi National Hi-Tech District, China, with a total investment of 1.05 billion yuan ($147 million). The base will produce 1,500 motors, control systems, and wind power generators annually.
Siemens will invest $500 million to build an intelligent digital factory in Wuxi National Hi-Tech District, China, specializing in medium-voltage gas-insulated switchgear and components. The factory is expected to have an annual output of 100,000 pieces of equipment.
Shree Renga Polymers is investing ₹100 crore to set up a green field PET bottle recycling facility at Thennilai and Manavasi in Karur, Tamil Nadu. The project will increase rPSF capacity by six times to 130 tonnes per day and create 500 jobs.
Forefront Medical Technology is adding a 68,000 sq.ft. manufacturing facility in Juarez, Mexico. Production qualification is scheduled for mid-2024, with capabilities including injection molding, extrusion, clean room assembly and packaging.
Micropolis plans to build a new production facility in Dubai Production City to manufacture autonomous mobile robots, aiming to produce one robot per day (over 350 per year). The project will be funded by a $37 million New York IPO and will triple the company's workforce.
Jingwei Microelectronics started construction of its Xiuzhou production base in Jiaxing National High-tech Zone on 2023-12-29. The total investment is CNY 5.017 billion, with Phase I including a 6-inch FRD wafer fab and a half-bridge module line.
Parker Freeze Dry, a division of ProForm Fabrication, has moved into a new 130,000-square-foot facility in Beresford, South Dakota, equipped with state-of-the-art equipment to expand freeze dryer production capacity.
Emerson signed with the Wuqing Development Area in Tianjin, China to build a production and R&D base on about 150 acres of industrial land in the area's third phase.
Mold-Tek Packaging acquired land in Mahad, Maharashtra for a 1,500-tonne manufacturing plant with an investment of INR 20 crore, to supply pails to Grasim Industries. The plant is expected to be set up by October.
Mold-Tek Packaging opened new rigid plastic manufacturing units in Panipat (Haryana), Cheyyar (Tamil Nadu) and Sultanpur (Telangana) with a total investment of more than INR 100 crore, adding 5,500 tonnes of capacity. The company announced it on January 8, 2024.
Kennametal India Limited inaugurated a new metal cutting inserts manufacturing facility at its Bengaluru campus. The facility is part of Kennametal Inc.'s global modernization program and will produce Kennametal and WIDIA brand inserts for customers in India and beyond.
Lingong Heavy Machinery is building a digital factory for mining equipment in Jinan High-tech Zone, with total investment of 1.5 billion yuan. Phase I (750 million yuan) was completed in August 2023, producing up to 12,000 units per year of wide-body dump trucks, new energy mining trucks and ultra-large excavators. Phase II (750 million yuan) will start construction in March 2024.
Daikin Airconditioning India set up a manufacturing facility in Sri City, India, at a cost of ₹1,000 crore, expected to create 3,000 jobs in phases. The facility is part of a broader trend of HVAC majors investing in Sri City.