H55 breaks ground on North American site and Canadian HQ
The factory contains an advanced production line, with battery pack production expected in 2024.
12 October 2023
12 October 2023
The factory contains an advanced production line, with battery pack production expected in 2024.
L&T Construction’s power transmission and distribution unit will build three 230kV extra-high-voltage substations.
The site will be built with an investment of $350m and is set to improve the retailer's transparency and supply chain.
The community will feature 399 apartment units with studio, one and two-bedroom floor plans.
The to-be workplaces for both companies are the result of relocation.
The development was majority funded by the Welsh Government via its Coastal Risk Management Programme.
The facility is set to have an installed capacity of approximately 150MW.
Construction was completed utilising methodologies that minimised the impact on marine life within the area.
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Per GlobalData estimates, the North America construction market size is expected to reach $1,772.5 billion in 2023. The increased spending from the public and private sectors in the regional energy and infrastructure domain is projected to aid the market growth. The energy and utilities construction sector is expected to depict a AAGR of 8.7% in real terms from 2024 to 2027, supported by investments in regional renewable energy and oil and gas projects.
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