The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2024, having grown by 4.0% in 2023. A key growth market will be the infrastructure market, with output rising by 2.5% 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 South and Central America’s five largest manufacturing plant construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. Saltillo Tire Manufacturing Plant
The project involves the construction of a tire manufacturing plant on a 600,000m2 area in Saltillo City, Coahuila State, Mexico.
Construction work started in Q3 2024 and is expected to be completed in Q3 2025.
2. Tlajomulco de Zuniga Pick-Up Truck Assembly Plant
The project involves the construction of an assembly plant on a 50,000m2 area in Tlajomulco de Zúñiga Municipality, Jalisco State, Mexico.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2025.
3. Corregidora Cable Manufacturing Plant
The project involves the construction of a manufacturing plant in the Industrialix Park in Corregidora, Querétaro, Mexico.
Construction work started in Q3 2024 and is forecast to complete in Q4 2027.
4. Passo Fundo Vital Gluten Plant
The project involves the construction of vital gluten plant on a 40ha area in Passo Fundo, Rio Grande Do Sul, Brazil.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2026.
The project aims to build a line, which will be integrated with biofuel production, taking advantage of protein from cereals used as raw material and produce products, that will be enough to replace the entire volume imported by the country, in addition to having a surplus to serve Mercosur.
5. Apodaca Rearview Mirrors Manufacturing Plant
The project involves the construction of an automotive parts manufacturing plant in Apodaca, Nuevo Leon, Mexico.
Construction work started in Q3 2024 and is expected to be completed in Q2 2025.
For more details on the latest construction projects, buy the profiles here.
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