News BYD expected to build €1bn EV plant in Turkey Turkish officials anticipate an agreement with Chinese EV and battery maker BYD to build a $1bn plant near Izmir in the west of the country, Automotive News Europe reports. Recep…
News Novo Nordisk injects $4.1bn into latest US drug factory Danish drugmaker Novo Nordisk, the firm behind the highly sought-after diabetes treatment Ozempic and obesity treatment Wegovy, will spend $4.1bn on a new factory in North Carolina. The 1.4 million-sq-ft…
News Bobcat breaks ground on $300m factory in Mexico US-headquartered equipment maker Bobcat has broken ground on a $300m, 700,000-sq-ft factory in Mexico. The plant will produce select compact track and skid-steer loader models. It is designed by US-based Shultz + Associates Architects,…
News JCB begins construction of $500m Texas factory UK equipment maker JCB has broken ground on a 67,000 sq m, $500m factory in San Antonio, Texas. Set on a 400-acre plot, the factory will build Loadall telescopic handlers,…
News Major new satellite factory breaks ground in South Korea South Korean aerospace and technology company Hanwha Systems has broken ground on a 11,500-sq-m satellite factory on Jeju Island about 100km offshore in the East China Sea. According to The…
News US sweetens Samsung’s giant Texas chip plant with $6.4bn The US government has awarded Samsung $6.4bn to build extra chip fabrication facilities at the giant factory the Korean company is already building in Taylor, near Austin, Texas. In exchange,…
News Taiwan firm in historic deal to build third chip factory in Arizona Taiwan Semiconductor Manufacturing (TSMC) has agreed to increase its investment in its Arizona site by 60%, from $41bn to $65bn, and to begin making cutting-edge 2nm chips in them. In…
News Korean chipmaker to spend $4bn creating ‘silicon heartland’ in US Midwest South Korean chipmaker SK Hynix plans to invest almost $4bn in an advanced packaging, fabrication, and R&D facility for AI chips at Purdue University in Indiana. Its chief executive Kwak…
News Rheinmetall builds car-and-military factory in Hungary German arms and automotive company Rheinmetall has broken ground on a combined automotive and defence factory in Szeged, Hungary. It will be the company’s first large-scale hybrid site making advanced…
News US agrees loan for $2.9bn lithium complex in remote Nevada Lithium Americas Corporation has received a conditional commitment from the US Department of Energy for a $2.26bn loan under the Advanced Technology Vehicles Manufacturing Loan Program to fund construction of…
News Bosch gets green light to finish its $1bn Chinese research and production centre German automotive supplier Bosch has received permission to start building the second phase of a $1bn research, development and production centre on the western outskirts of Shanghai. Bosch said in…
News US company to build $344m Georgian plant to recycle solar panels US start-up Solarcycle has announced plans to invest $344m in a factory to make glass for solar panels in Cedartown, Georgia. The aim is to make the solar industry more…
News Lego names project manager and contractor for $1bn Virginia factory The Lego Group has announced a project manager and main contractor for its $1bn factory project in the US state of Virginia, but said the main construction phase would begin…
News Rheinmetall breaks ground on €300m artillery shell factory Düsseldorf-based arms manufacturer Rheinmetall has broken ground on an ammunition factory near the village of Unterluess in Lower Saxony. The ceremony was attended by Chancellor Olaf Scholz and Mette Frederiksen,…
News Intel delays $20bn Ohio chip factory, citing slowing market US chipmaker Intel has delayed construction of a $20bn manufacturing facility in Ohio, according to the Wall Street Journal. Work has begun on the development, which Intel says it its…
News iPhone screen-maker to build $9bn factory in Chengdu Beijing-based electronics group BOE Technology, the largest supplier of screens for the iPhone 15, will invest $9bn in a factory complex in central China. According to the South China Morning…
News Honda ‘considering’ construction of $14bn EV complex in Ontario Japanese automotive company Honda is considering building a $13.8bn EV complex in Canada, reports Nikkei Asia. The project, which may include a battery factory and an assembly plant, would be…
News $5bn electric vehicle plant accelerates in Atlanta Californian EV maker Rivian has selected Chicago contractor Clayco to build a 1,800-acre manufacturing plant outside Atlanta, Georgia. The company, which makes SUVs and pick-ups, had previously planned to build…