The five largest manufacturing plant construction projects initiated globally in Q2 2022

These are the largest factory construction projects launched worldwide in the second quarter of 2022, according to GlobalData’s construction projects database.

1. Sherman Semiconductor Chip Manufacturing Complex – $30,000m

The project includes the construction of four semiconductor chip manufacturing plants in Sherman, Texas, USA.

Construction work started in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2030.

The project aims to strengthen the domestic semiconductor supply chain and will create 3,000 jobs upon completion.

2. K2 Production Facility – $18,175 million

The project includes the construction of a flash memory production facility in Kitakami, Iwate, Japan.

Construction work started in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2023.

The project aims to meet the rising demand for NAND flash memory devices around the world.

3. Changchun New Energy Vehicle Manufacturing Plant: – $5,223m

The project includes the construction of a new energy vehicle (NEV) plant in Changchun, Jilin, China.

Construction work started in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2024.

The project aims to increase production capacity to meet the growing demand for NEV in China.

4. Yibin 20GW High Efficiency Crystalline Silicon Solar Cell Production Plant – $1,636m

The project involves the construction of a 20GW high-efficiency solar cell plant in Xuzhou District, Yibin, Sichuan, China.

Construction work started in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2024.

The project aims to meet the increasing demand for high-efficiency solar cells in the region.

5. Foshan 30 GWH lithium battery factory – $1,600m

The project involves the construction of a 30 Gwh lithium battery plant in Nanhai District, Foshan, Guangdong, China.

Construction work started in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2024.

The project aimed to increase production capacity to meet the region’s growing demand for lithium batteries.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25 million from announcement to completion.

Verdict’s parent company GlobalData plc provides business intelligence to 4,000 of the world’s largest companies.

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