The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. A key growth market will be the infrastructure market, with output rising by 0.9% 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 Europe’s five largest manufacturing plant construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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1. Jawor Electric Vehicle Manufacturing Plant
The project involves the construction of an electric vehicle manufacturing plant in Lower Silesian Voivodeship, Poland.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
The purpose of the project is to meet the demand for electric vehicles in the region. Buy the profile here.
2. Farsund Breeding Facility
The project involves the construction of an 80,000m2 salmon breeding facilities with a production capacity of 24,000 tonnes in Aust-Agder, Norway.
Construction work commenced in Q4 2024 and is expected to finish in Q2 2025.
3. Dortmund ICE maintenance plant
The project involves the construction of a new ICE maintenance plant on 25ha of land in Dortmund-Hafen, Germany.
Construction work started in Q4 2024 and is forecast to complete in Q4 2027.
4. Schrobenhausen Matra BAe Dynamics Aérospatiale Plant Expansion
The project involves the construction of Europe’s first Patriot missile production facilities at MBDA’s Schrobenhausen site in Bavaria, Germany.
Construction work commenced in Q4 2024 and is expected to be completed in Q3 2026.
5. Blagoveshchensky Oil Extraction Plant
The project involves the construction of an oil extraction plant with a processing capacity of 1,200 tonnes of sunflower oil per day in Blagoveshchensk, Altai Region, Russia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
The purpose of the project is to process various crops, including rapeseed and flax, which will meet the domestic demand for edible oil in the region and also to export to other country’s. It will create 350 new 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.
