According to GlobalData, the value of Russia construction market is forecast to decline by 4.2% in real terms in 2024, having grown by 3.5% in 2023. A key growth market will be the infrastructure market, with output dropping by 1.3% 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 the top five manufacturing plant construction projects that commenced in Russia in Q3 2024, according to GlobalData’s construction projects database.
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1. Cherepovets Pellet Production Plant
The project involves the construction of a pellet production plant in Cherepovets, Vologda Oblast.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
The aim of the project is to meet the high demand of the pellet production in the region.
2. Nizhnemamonsky Dairy Complex
The project involves the construction of the Nizhnemamonsky dairy complex with 3,600 forage cows in the Verkhnemamonsky District, Voronezh.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2025.
The project aims to create a big milk production facilities to meet the growing demand for milk products in the region. it will create 130 new jobs in the region.
3. Neklinovsky Oil Extraction Plant
The project involves the construction of an oil extraction plant with a capacity of 1,000 tonnes per day in the Troitskoye Village, Neklinovsky.
Construction work started in Q3 2024 and is forecast to complete in Q4 2025.
The aim of the project is to produce crude (hydrated) oil, meal, fuel granules (pellets), and improve the economy of the region. It will create 150 new jobs.
4. Serebryanye Prudy Ready Made Meals Production Plant
The project involves the construction of two-story production building of a ready-made meals production plant in Serebryanye Prudy, Moscow.
Construction work commenced in Q3 2024 and is expected to be completed in Q2 2027.
The aim of the project is to produce ready meals, including second courses, salads, nuggets, sandwiches, and other types of products. It will create 800 new jobs in the region. Buy the profile here.
5. Solnechnogorsk Label Production Plant
The project involves the construction of a label production plant on a 16,000m2 area in the Yesipovo Industrial Park in Solnechnogorsk, Moscow Oblast.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
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.
