Lotte Biologics will invest $3 billion to build a bio industrial complex with three plants in South Korea by 2030, with annual capacity of 360,000 liters of antibody drugs. The first plant is scheduled for commercial production from 2027.
Poly Gürteks has been granted a project-based investment incentive certificate for a new polymer chips and POY production plant in Gaziantep, Turkey. The investment is valued at approximately 724.9 million Turkish Lira and is expected to create 333 jobs. The plant will have an annual capacity of 112,320 tons of polymer chips and 72,000 tons of POY.
Chinese company Yusei Machinery, a supplier for Xingyu Automotive Lighting Systems, is building a factory in Niš. The investment is valued at EUR 20 million, with a 15,000-square-metre facility under construction since June 2022, and a second phase of 10,000 m2 planned. Total employment expected: 300 workers.
Austrian company Palfinger plans to build a production plant in Niš, Serbia, on 7 hectares of state land. The investment is valued at EUR 35 million and is expected to employ 375 workers.
Chain We Machinery will launch a new factory in June 2023 at Changhua Erlin Central Science Park, with a general operating assembly area of 7,300 square meters and a clean room assembly area of 4,750 square meters.
Zhejiang Chuanghao Semiconductor Co., Ltd. held the commencement ceremony for a 450,000 pcs/year high-order package substrate project in Yiwu, China, with a total investment of RMB 10 billion (approx. $1.4 billion). It is the largest investment in Yiwu's high-end chip and intelligent terminal industry.
SCHOTT opened a new 40,000-square-foot facility in Phoenix, Arizona, for development and manufacturing of diagnostics and life science consumables, including microarrays and microfluidic devices, creating 150 jobs.
AEM, a global leader in test innovation, celebrated the grand opening of its new 365,000-square-foot manufacturing plant in Penang, Malaysia. The plant includes assembly, QA, warehouse, and R&D facilities for developing advanced testing and handling equipment.
Noah Itech laid the first stone for its first factory in Mexico, located in Santa Catarina, Nuevo León, with an investment of $100 million. The plant will produce automation equipment and create 100 highly specialized jobs, with operations expected to start in May 2023.
NETZSCH Pumps & Systems assembled its first progressing cavity pump at the new NETZSCH Campus in Waldkraiburg, Germany, on 9 January 2023. The campus unites three local sites and is planned to run without fossil fuels.
Progroup has started production at its PW14 corrugated sheetfeeder plant in Stryków, Poland, which can produce up to 200,000 tonnes of corrugated sheetboard. The EUR 72 million project created 50 jobs.
Daikin will invest more than $75 million in a new plant in Yodogawa Seisakusho, Settsu City, Osaka Prefecture, to produce low-GWP refrigerant R474A for electric vehicle air conditioning systems. Production is expected to begin in 2027.
QatarEnergy and Chevron Phillips Chemical have made a final investment decision and begun construction on a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar. The complex includes an ethane cracker and two HDPE units, with startup expected in late 2026.
Okmetic Oy has broken ground on a €400 million fabrication facility in Vantaa, Finland, for 200mm-diameter wafers. The company plans to hire 500 additional employees, with wafer production expected in 2025.
Kempower Corporation will establish an EV charging stations production facility in North Carolina, USA, creating approximately 300 new jobs. The planned project investment is approximately USD 40 million over five years, with production of NEVI-compliant DC chargers starting by the end of 2023.
Ecoplastic Corporation will invest approximately $205 million to build a new manufacturing facility in Bulloch County, Georgia, creating 456 jobs. The plant will produce plastic exterior and interior parts for electric vehicles, serving the Hyundai Metaplant.
Midea-owned Welling Auto Parts started production on January 6, 2023 at the first phase of its new NEV parts base in Anqing, Anhui province. The base targets 1 million electric compressors, 1.2 million EPS motors and 200,000 drive motors a year.
Shanghai Gecore Semiconductor Co., Ltd. signed an agreement to invest 2.5 billion yuan in a third-generation semiconductor industrialization project in Wannian County, Shangrao, Jiangxi. The plant will produce 50,000 8-inch GaN power devices annually, becoming the second GaN automotive power device wafer fab in China.
Virginia Transformer will officially inaugurate its new 130,000 sq ft manufacturing facility in Chihuahua, Mexico on February 10, 2023. The plant began production in late October 2022 and can produce transformers up to 100 MVA.
Edwards opened a 200,000-square-foot facility in Chandler, Arizona, in November 2022 for remanufacturing and assembly of vacuum pumps for the US semiconductor market. The site is expected to create about 200 new jobs.
Norafin (Americas) Inc. inaugurated its new production facility in Mills River, North Carolina, on June 7, 2018. The company invested €20 million in the plant, which features a state-of-the-art water jet line, and expects to create 45 jobs by the end of 2018.
Chinese technical textile manufacturer Jehung Medical Products (BD) Ltd. is building a new 21,000-square-foot factory in the BEPZA economic zone in Chittagong, Bangladesh, with a $10 million investment. The facility will double monthly production capacity to 0.8 million pieces and create 2,000 jobs, with operations starting later in 2023.
Core & Main, a distributor of water, wastewater, storm drainage and fire protection products, opened a new facility in Springfield, Missouri to serve customers in southern Missouri and southeastern Kansas.
Jiehong Medical Products (BD) Co Ltd will invest $10 million to establish a new manufacturing unit in Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsarai, Chittagong. The factory will create 2,000 jobs and produce medical garments.
Savannah Clinker Ltd has hired Sinoma International Engineering to build a Sh36.9 billion ($300 million) clinker and cement finishing plant in Kitui County, Kenya. The project will create 5,000 construction jobs and 10,000 permanent jobs.
Zhongfu Shenying Carbon Fiber Co., Ltd. plans to invest 5.962 billion yuan to build a 30,000-ton per year high-performance carbon fiber production facility in Lianyungang, Jiangsu Province, China. The company will establish a wholly-owned subsidiary for the project.
Texas Instruments' LFAB, a 300-mm semiconductor wafer fab in Lehi, Utah, has started production for analog and embedded products. The facility was purchased about one year ago and represents a total investment of $3-4 billion.
Renewal by Andersen, a division of Andersen Corporation, will invest over $420 million and create 900 jobs in a new manufacturing facility in Locust Grove, Georgia, its first in the Southeast.
Nucor Corporation's new $1.7 billion steel plate mill in Brandenburg, Kentucky rolled its first steel plate on December 30, 2022, with final commissioning and first shipments expected in Q1 2023.
Linde signed an investment memorandum with Gyeonggi Province for about KRW 150 billion to build an industrial gas plant in Pyeongtaek producing semiconductor rare gases such as krypton and xenon, to be completed by 2031.
James Hardie plans to build a 1.25 million-square-foot manufacturing facility in Crystal City, Missouri, creating 238 jobs. The plant will be the company's largest location worldwide and is expected to break ground in spring 2023 with product moving by October 2025.
Aptiv inaugurated three new manufacturing plants in Mexico during 2022, generating over 6,900 new jobs. The plants are located in Nuevo Laredo, Tamaulipas (started October 8) and Frontera, Coahuila (started October 5), with a third location unspecified.
Candour Techtex Ltd opened a new 75,000-square-foot coating and lamination plant in Malegaon, Nashik, in 2023, in collaboration with Amba Projex UK, to produce coated fabrics and technical textiles.
Willacoochee Industrial Fabrics (WINFAB) has commenced production of erosion control blankets at a newly constructed facility in Nashville, Georgia, as part of a capital expansion project announced in the second half of 2022. The facility started production on or around January 2023.
AMMEGA invested $100 million to open a new conveyor manufacturing center in Buford, Georgia, and expand a modular conveying products facility in Reading, Pennsylvania.
Kyocera plans to build a new manufacturing plant in Isahaya City, Nagasaki Prefecture, Japan, on approximately 150,000 m² in the Minami Isahaya Industrial Park, with operations to begin in 2026 and up to 1,000 new jobs.
EFP, a J. B. Poindexter subsidiary, has opened its first South Carolina plant in Bishopville, Lee County, a 117,000 sq ft facility for custom protective packaging and cold chain solutions. The $15 million investment was first announced in January 2023 and the company has hired 30 employees toward a planned 50.
Saica Pack opened a new flagship corrugated packaging facility in Livingston, Scotland during 2023, with a total investment of over £50 million. The project began in 2020 and was delayed by COVID.
Ünsal Makina commissioned its new facility in Kayseri İncesu OIZ at the end of 2022, aiming to increase production capacity and expand exports to the USA.
Dana Steel signed a preliminary agreement with KEZAD Group to establish its first hot and cold rolling steel complex in Abu Dhabi. The 50,000 sqm facility will have a rolling capacity of 500,000 metric tonnes.
AVIC Heavy Machinery Co., Ltd. signed an agreement to invest 7 billion yuan in a four-phase aviation structural parts industrial park in Guizhou Shuanglong Airport Economic Zone, with construction from 2022 to 2030.
Changzhou Yamadton Co., Ltd. plans to invest 2 billion yuan in the first phase to build production lines for high-end electronic glass in Yunxi County, Hubei Province, with an annual capacity of 15 million square meters.
Amthor International announced a $30 million capital plan to construct a new 33,000-square-foot facility in Gretna Industrial Park, Virginia, creating 60 new jobs. Additional equipment investments are also being made at the existing plant.
President Vladimir Putin opened the Titan-Polymer plant in Pskov Oblast, Russia, completing the first phase of an investment project to produce biaxially oriented polyethylene terephthalate (BOPET) film with a capacity of up to 72,000 tonnes per year. The company plans a second phase by 2025 to produce polyethylene terephthalate.
Otrontic will invest 40.7 billion KRW (approx. $30M) to build a new automotive electrical parts factory in Ulsan's High-Tech Valley Industrial Complex. Construction starts January 2023, completion March 2024, creating 180 jobs.
Liaoning Dingjide Petrochemical will invest Yuan 9.868 billion (approx. €1.35 billion) to build a 400,000 tons/year polyolefin elastomers (POE) plant in Yingkou City, China. The five-year project includes two phases, with the first phase constructing a 200,000 tons/year POE complex.
EverBright Semiconductor (688048.SH) announced its subsidiary Suzhou EverBright Semiconductor Laser Innovation Research Institute will invest CNY 1 billion to build an advanced compound semiconductor optoelectronics platform in Taihu Science City, Suzhou. The project is expected to start construction in 2023 and begin production in 2025, with an annual output value of at least CNY 600 million.
Delifu (Anhui) Industrial Vehicles Co., Ltd. started construction of a smart electric forklift plant in Hefei, Anhui, China. The project involves an investment of 700 million yuan and will have an annual capacity of 40,000 smart electric forklifts, with 10 production lines.
Saudi Top Trading Co. signed an MoU with Petro Rabigh to build a SR100 million ($26.59 million) plastics factory at the Rabigh Plastics Technology Complex, producing 50,000 tons per year of polymer compounds, rubber and industrial waxes.
Western Refrigeration Private Limited started production at a new factory in Tadgum, Gujarat, India, in November 2022. The factory is the company's fourth production base in India and will increase deep freezer capacity by about 15% and commercial refrigerator capacity by about 30%.