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Released March 11, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The New England region is looking at $2.02 billion worth of project kickoffs in second-quarter 2016, its highest quarterly total investment value (TIV) in a year, according to Industrial Info's project database. The growth is driven by pharmaceutical and biotech-related projects, which account for six of the 10 highest-valued projects, and the region's support for renewables, which has been a boon for wind energy. More than 90% of the total can be attributed to just three industries: Pharmaceutical & Biotech, Power and Industrial Manufacturing.
Click on the image at right for a graph detailing active projects scheduled to kick off in the second quarter of 2016 in New England by industry.
The New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
The Pharmaceutical & Biotech Industry takes the lead with $776 million in projects set to begin construction in New England in the second quarter, the largest of which is Alnylam Pharmaceuticals Incorporated's (Cambridge, Massachusetts) $200 million construction of an RNA interference-based therapeutics plant in Norton, Massachusetts. The 200,000-square-foot building is to be built in the Norton Commerce Center Industrial Park. It will produce therapeutics for the treatment of hepatitis D, dyslipidemia, hypertension, non-alcoholic steatohepatitis and type 2 diabetes. But the project is still in its planning stages, so the construction date is tentative. For more information, see Industrial Info's project report.
The Power Industry is not far behind, with $766 million in projected kickoffs from April through June, among them Coronal LLC's (St. Paul, Minnesota) $50 million Fusion Solar Center in Sprague, Connecticut. The project, which is part of the region's continued emphasis on the development of renewable energy, is expected to produce 20 megawatts (MW) annually via an estimated 97,000 fixed-tilt solar photovoltaic panels. For more information, see Industrial Info's project report.
The Industrial Manufacturing Industry is in third place with $278 million worth of projects set to begin construction in the second quarter. The bulk of that total is attributed to FedEx Corporation's (NYSE:FDX) (Memphis, Tennessee) $220 million construction of a distribution center in Middletown, Connecticut. The planned, 500,000-square-foot distribution center is expected to handle 45,000 packages per hour. For more information, see Industrial Info's project report.
The remaining seven highest-value projects set to kick off in New England in second-quarter 2016 are:
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing active projects scheduled to kick off in the second quarter of 2016 in New England by industry.The New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
The Pharmaceutical & Biotech Industry takes the lead with $776 million in projects set to begin construction in New England in the second quarter, the largest of which is Alnylam Pharmaceuticals Incorporated's (Cambridge, Massachusetts) $200 million construction of an RNA interference-based therapeutics plant in Norton, Massachusetts. The 200,000-square-foot building is to be built in the Norton Commerce Center Industrial Park. It will produce therapeutics for the treatment of hepatitis D, dyslipidemia, hypertension, non-alcoholic steatohepatitis and type 2 diabetes. But the project is still in its planning stages, so the construction date is tentative. For more information, see Industrial Info's project report.
The Power Industry is not far behind, with $766 million in projected kickoffs from April through June, among them Coronal LLC's (St. Paul, Minnesota) $50 million Fusion Solar Center in Sprague, Connecticut. The project, which is part of the region's continued emphasis on the development of renewable energy, is expected to produce 20 megawatts (MW) annually via an estimated 97,000 fixed-tilt solar photovoltaic panels. For more information, see Industrial Info's project report.
The Industrial Manufacturing Industry is in third place with $278 million worth of projects set to begin construction in the second quarter. The bulk of that total is attributed to FedEx Corporation's (NYSE:FDX) (Memphis, Tennessee) $220 million construction of a distribution center in Middletown, Connecticut. The planned, 500,000-square-foot distribution center is expected to handle 45,000 packages per hour. For more information, see Industrial Info's project report.
The remaining seven highest-value projects set to kick off in New England in second-quarter 2016 are:
- $500 million: EDP Renewables North America LLC's Number Nine Wind Project near Bridgewater, Maine
For more information, see Industrial Info's project report. - $125 million: Lonza Group Limited's biologics contract-manufacturing center in Portsmouth, New Hampshire
For more information, see Industrial Info's project report. - $115 million: EMD Millipore Corporation's laboratory process solutions center in Burlington, Massachusetts
For more information, see Industrial Info's project report. - $100 million: Amherst College's research center in Amherst, Massachusetts
For more information, see Industrial Info's project report. - $65 million: Bristol-Myers Squibb Company's Genetic Drug Discovery Center in Cambridge, Massachusetts
For more information, see Industrial Info's project report. - $50 million: The Jackson Laboratory's genomic medicine laboratory in Farmington, Connecticut
For more information, see Industrial Info's project report. - $47 million: University of Maine's New England Aqua Ventus I offshore windfarm near Monhegan, Maine
For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
