30 October 2023
30 October 2023
The development intends to reverse coastal wetland degradation in the Niagara River system.
Kanonaden Entreprenad has been contracted to construct the farm via a turnkey contract.
Once operational, the factory is set to produce 10,000 12in silicon wafers per month.
The new facility will have eight floors in its south wing and ten in the north wing.
The facility is set to become the largest Indian investment in the US EV battery sector.
Both the Emmanuel Health Foundation and St. Paul's Hospital Foundation have agreed to contribute to the development.
Grūdai intends to use the facility mainly to manufacture products such as instant noodle and porridge packs.
The first phase of the development will see the replacement of significant parts of the elevated steel structure.
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Per GlobalData analysis, the South-East Asia construction industry in 2023 is dominated by Indonesia, though the country will see a slowdown compared to 2022 due to elevated building material prices, weak commercial property demand, high interest rates and a softening of external demand. The construction industry in the Philippines is estimated to register a AAGR of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure.
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