The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. A key growth market will be the infrastructure market, with output rising by 0.9% 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 Europe’s five largest manufacturing plant construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. VENERGY+ Lithium Battery Manufacturing Plant
The project involves the construction of the VENERGY+ lithium battery manufacturing plant in the town of Navalmoral de la Mata, Cáceres, Extremadura, Spain.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The project’s aim is to manufacture zero-emission batteries for electric vehicles. The factory will receive 100% energy from renewable sources. Moreover, the company will be establishing a local battery industry ecosystem that encompasses smart EV charging, battery recycling, and other related technological innovations for the different phases of the battery lifecycle.
2. Cherepovets Pellet Production Plant
The project involves the construction of a pellet production plant in Cherepovets, Vologda Oblast, Russia.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2026.
The aim of the project is to meet the high demand of the pellet production in the region. Buy the profile here.
3. Lahdesjarvi Lokomotion Technology Center
The project involves the construction of a 66,000m2 Lokomotion Technology Center on 23ha of land in Lahdesjärvi, Tampere, Pirkanmaa, Finland.
Construction work started in Q3 2024 and is forecast to complete in Q4 2030.
4. Littleconnell Brewery Facility
The project involves the construction of a carbon-neutral brewery facilities in Leinster, Ireland.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
The facilities will brew a range of ales and lagers, including Hop House 13, Rockshore, and Smithwick’s. It will create up to 1,000 jobs during the construction and 50 jobs after completion.
5. Torslanda Mobility Innovation Centre
The project involves the construction of a Mobility Innovation Centre at Torslanda, Gothenburg, Sweden.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
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