According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2024, having decreased by 7.0% in 2023. 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 Q1 2024, according to GlobalData’s construction projects database.
1. Tesla Gigafactory Expansion
The project involves the expansion of a 371,612m2, manufacturing plant in Sparks, Nevada.
Construction work started in Q1 2024 and is expected to be completed in Q1 2029.
The goal of the project is to manufacture Tesla Semis and 4680 battery cells.
2. Blythewood EV Manufacturing Plant
The project involves the construction of a 1,495,738m2, 31-building manufacturing plant on 445ha of land in Richland County, South Carolina.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2026.
The project aims to build a new production base to provide next-generation, environmentally-friendly vehicles and electric golf carts. It will create 4,000 jobs.
3. Roofing Products Manufacturing Plant
The project involves the construction of a 27,870m2 roofing products manufacturing plant on 32ha of land in Clay County, Florida.
Construction work started in Q1 2024 and is forecast to complete in Q2 2025.
The project aims to set new standards in roofing product manufacturing by adding a new facilities in the region.
4. Waynesboro Electronics Manufacturing and Testing Facility
The project involves the construction of a 29,264m2 advanced electronics manufacturing and testing facilities in Waynesboro, Virginia.
Construction work commenced in Q1 2024 and is expected to be completed in Q4 2025.
It aims to create 331 jobs for engineering and manufacturing roles.
5. Pickaway County Tissue Paper Manufacturing Plant
The project involves the expansion of a 46,452m2 tissue paper manufacturing plant in Circleville, Ohio.
Construction work started in Q1 2024 and is expected to be completed in Q3 2025.
The project aims to enable the company to meet the massive increase in demand for its products. It will create 100 jobs.
For more details on the latest construction projects, buy the profiles here.
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