News on global investment in industry (manufacturing, energy production and distribution, R&D and logistics).
Our tracking of the most important industrial projects in February is dominated by investments in the electronics sector amounting to US$ 12.4 billion...👇🏻
...including the biggest investment of the month, which was announced by Tower Semiconductor. The company considers investing US$8 billion to set up a new chip plant in India.
Last month was also marked by investments in the R&D sector, including a new National Semiconductor Technology Center (NSTC) in the state of Ohio (United States), totalling USD 5 billion (#CHIPSforAmerica).
Additionally, there were investments in the basic metals sector totalling USD 3 billion, in chemicals, totalling USD 2.9 billion. There were also 16 new projects in the automotive sector, 13 projects in electrical equipment and 8 in the food sector.
The most job-creating project is SUJIMOTO GROUP’s planned new rice farm in Coal City, Enugu (Nigeria), which will create over 10,000 new jobs.
The best project according to our Factories of the Future rating is the new glass containers facility of Japanese majority-owned Arglass Southeast in the United States 🇺🇸.
This state-of-the-art manufacturing plant will have a fully integrated production network, driven by AI-integrated real-time data monitoring, predictive modelling and fully automated closed-loop production and quality assurance systems.
These advances will allow the new facility to produce up to eight different glass container types simultaneously for maximum flexibility, enabling smaller production runs, faster reaction to market demands, lower inventory levels and reduced investment in molds. The plant is expected to be powered by a hybrid gas, electric and hydrogen oxy-fuel furnace capable of melting 490 metric tons of glass per day. An additional five megawatts of power will be provided by a solar power installation.
Other sustainability measures include the use of green hydrogen to reduce CO2 emissions, a closed-loop water system to minimize industrial waste and an on-site post-consumer glass recycling plant. The recycling plant will provide post-consumer glass cullet for use in the production of new containers.
