According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2023, having decreased by 7.0% in 2022. A key growth market will be the infrastructure market, with output rising by 12.6% 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 the US in Q4 2023, according to GlobalData’s construction projects database.
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1. Boise Semiconductor Chip Manufacturing Plant
The project involves the construction of a 55,741m2 semiconductor chip manufacturing plant in Boise, Idaho.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to assemble some of that technology in-house instead of around the globe. It will create 2,000 jobs. Buy the profile here.
2. Lehi Semiconductor Wafer Fabrication Plant II
The project involves the construction of new 300mm semiconductor wafer fabrication plant in Lehi, Utah.
Construction work commenced in Q4 2023 and is expected to finish in Q1 2026.
The project aims to boost the production of semiconductors to meet the demand for advanced semiconductors and will create 800 jobs for TXN as well as more indirect jobs. Buy the profile here.
3. Lithium-Ion Phosphate Battery Production Facility
The project involves the construction of a 185,806m2 lithium iron phosphate battery (LFP) production facilities on 108ha of land at the Pima County’s Aerospace Research Campus, in Tucson, Arizona.
Construction work started in Q4 2023 and is forecast to complete in Q4 2026.
The project aims to provide active dialogue with battery pack integrators and to make it possible for all individuals, neighborhoods, companies, utilities, states, and sovereign entities to store and deploy the energy source of their choice through battery storage and it will create 1,000 jobs.
4. Sidney Battery Separator Manufacturing Plant
The project involves the construction of a 78,967m2 battery separator films (BSF) manufacturing plant for lithium-ion batteries (LiBs) on 7.9ha of land in Sidney, Ohio.
Construction work commenced in Q4 2023 and is expected to be completed in Q1 2025.
The project aims to meet global demand for EV battery producers in the region. Buy the profile here.
5. Statesboro PET Recycling Facility
The project involves the construction of a PET bottle recycling plant on 17.4ha of land in Statesboro, Georgia.
Construction work started in Q4 2023 and is expected to be completed in Q3 2025.
The project aims to recycle and process over 450,000 pounds (204,545kg) per day of used PET (polyester) waste into sustainable PET polymers (esters) and rPET chips. It will create 121 operational jobs. Buy the profile here.
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.
