According to GlobalData, the value of Japan construction market is forecast to grow by 0.9% in real terms in 2024, having grown by 2.5% in 2023. A key growth market will be the infrastructure market, with output rising by 1.5% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five manufacturing plant construction projects that commenced in Japan in Q1 2024, according to GlobalData’s construction projects database.
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1. Kikuchi Power Semiconductor Manufacturing Facility
The project involves the construction of a six-story 42,092m2 semiconductor manufacturing plant in Kumamoto Prefecture.
Construction work started in Q1 2024 and is expected to be completed in Q2 2026.
The project aims to capture the expanding demand in the semiconductor devices market and the demand for semiconductor-related materials.
2. Kudamatsu Semiconductor Manufacturing Equipment Factory
The project involves the construction of a four-story, with a floor area of 35,000m2 on 8ha of land in Kudamatsu City, Yamaguchi Prefecture.
Construction work commenced in Q1 2024 and is expected to finish in Q1 2025.
The project aims to capture the expanding demand in the semiconductor devices market and the demand for semiconductor-related materials. Buy the profile here.
3. Mishima Medical Equipment Manufacturing Factory
The project involves the construction of a 23,918m2, four-story medical equipment manufacturing factory on 3.4ha of land at Mitsuya Industrial Park in Mishima City, Shizuoka Prefecture.
Construction work started in Q1 2024 and is forecast to complete in Q2 2025.
4. Tomiya Semiconductor Manufacturing Equipment Production Plant
The project involves the construction of 11,000m2 two single-story semiconductor manufacturing equipment production buildings on 12.5ha of land in Tomiya City, Miyagi.
Construction work commenced in Q1 2024 and is expected to be completed in Q1 2025.
The project aims to increase the production of silicon nitride substrates for power semiconductors and to meet the growing demand for semiconductor manufacturing equipment in the region.
5. Aisan Industries Anjo New Factory
The project involves the construction of a 24,815m2, two-story manufacturing plant on 3.3ha of land, in Meishokita, Higashibata-cho, Anjo City, Aichi Prefecture.
Construction work started in Q1 2024 and is expected to be completed in Q2 2025.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
