The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2024, having grown by 4.0% in 2023. A key growth market will be the infrastructure market, with output rising by 2.5% 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 South and Central America’s five largest manufacturing plant construction projects that were initiated in Q1 2024, according to GlobalData’s construction projects database.
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1. Anapolis Car Manufacturing Unit
The project involves the construction of a car manufacturing unit Anápolis, Goias, Brazil.
Construction work started in Q1 2024 and is expected to be completed in Q1 2029.
The objective of the project is to develop a production unit to meet the growing demand in the country. Buy the profile here.
2. Durango Electric Vehicle Assembly Plant
The project involves the construction of a vehicle manufacturing plant on 13ha area in Durango City, Durango State, Mexico.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2025.
It will also create 1,000 direct jobs. Buy the profile here.
3. Curitiba Manufacturing Plant
The project involves the construction of a manufacturing plant on a 5ha area in Lapa, Paraná, Brazil.
Construction work started in Q1 2024 and is forecast to complete in Q4 2025.
The objective of the project is to produce refrigerators, freezers, vacuum cleaners, and small appliances to meet market demand in Brazil. Buy the profile here.
4. Vitoria de Santo Antao Glass Bottles Manufacturing Plant Expansion
The project involves the expansion of a glass bottles manufacturing plant in Vitória de Santo Antão, Pernambuco, Brazil.
Construction work commenced in Q1 2024 and is expected to be completed in Q4 2026.
The project aims to supply sustainable glass beverage bottles to leading customers in Brazil.
5. Ramos Arizpe Automotive Equipment Manufacturing Plant: Phase 6 and 7
The project involved the construction of a manufacturing plant on 7.2ha area in Finsa Industrial Park, Ramos Arizpe, Coahuila, Mexico.
Construction work started in Q1 2024 and is expected to be completed in Q4 2024.
It will also create 1,500 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.
