Engines, Aircraft Drive U.S. Heavy Manufacturing 4Q Kickoffs

Researched by Industrial Info Resources (Sugar Land, Texas)--The fastest-growing sectors in the U.S. economy always are reflected in the heavy-manufacturing market, which provides a wide variety of equipment and machinery to project developers, big and small. Industrial Info is tracking more than $7.5 billion worth of heavy-manufacturing capital-spending projects across the U.S. that are set to begin construction in the fourth quarter, most of which is attributed to batteries, engines and other parts for vehicles and aircraft.

Click on the image at right for a graph detailing the top 10 parent companies for U.S.-based heavy-manufacturing projects that are set to begin construction from October through December, by total investment value.

Two iconic U.S.-based manufacturers are preparing to kick off a pair of multi-year improvement projects to facilities that cater to the transportation sector. Cummins Incorporated (NYSE:CMI) (Columbus, Indiana) aims to decarbonize operations at one of its key facilities with a $580 million upgrade to its diesel engine plant in Whitakers, North Carolina, which it will use to produce "fuel-agnostic" engines that will use low- to zero-carbon fuels. Textron Incorporated (NYSE:TXT) (Providence, Rhode Island) is prepping for a $429 million renovation of an aircraft-component parts plant in Fort Worth, Texas.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more from detailed reports on the Whitakers and Fort Worth projects.

Other aircraft-related projects include GE Aerospace's (NYSE:GE) (Boston, Massachusetts) $31 million expansion of an engine-manufacturing plant in Lynn, Massachusetts, to specialize in engines for military helicopters and fighter jets. Subscribers can learn more from a detailed project report.

Electric vehicle (EV) components also are a driving force in the heavy-manufacturing sector, with LG Corporation (Seoul, South Korea) boasting one of the most ambitious projects: a massive expansion of its lithium-ion battery plant in Holland, Michigan, which it expects will produce 20 gigawatt-hours (GWh) of batteries per year for Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan). The project got a big boost in April when the Holland City Council struck an agreement with the neighboring Fillmore Township, allowing Holland to annex some of the latter for the expansion. Subscribers can learn more from a detailed project report.

Industrial machinery is a mainstay for the heavy-manufacturing sector, with Toyota Material Handling expanding production of one its most recognizable products with a $100 million forklift plant in Columbus, Indiana. It will focus on the production of electric forklifts, which Toyota says now account for 65% of the North American market. Subscribers can learn more from a detailed project report.

Haas Automation Incorporated (Oxnard, California) hopes to make a variety of industrial machinery products at its $327 million automation-machining plant in Henderson, Nevada, including computer numerical control (CNC), lathe, milling and molding equipment. Pitco Frialator LLC, a subsidiary of The Middleby Corporation (NASDAQ:MIDD) (Elgin, Illinois), is expanding its production of fryers, water cookers and other restaurant goods with a $90 million foodservice equipment plant in Concord, New Hampshire. Subscribers can read detailed reports on the Henderson and Concord projects.

Other companies investing in the increased production of specialized machinery include ION Corporation (Eden Prairie, Minnesota), which is building a $35 million plant in Minneapolis, Minnesota, to develop electronic flight and ground enclosures, and Itron Incorporated (NASDAQ:ITRI) (Liberty Lake, Washington) expects to manufacture more gas and water meters after a $30 million expansion in West Union, South Carolina. Subscribers can read detailed reports for the Minneapolis and West Union projects.

Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.

Subscribers can click here for a full list of reports for U.S. heavy-manufacturing capital-spending projects that are set to begin construction in the fourth quarter.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).