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Released December 02, 2015 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Led by the Power Industry, the New England region is expected to see a $1 billion jump in project construction starts in first-quarter 2016 in comparison with fourth-quarter 2015. Industrial Info is tracking first-quarter kickoffs for 60 projects in the region, with a combined worth of $2.49 billion.
Click on the image at right for a graph detailing active projects scheduled to kick off in the first quarter of 2016 in New England by industry.
The New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
Power, Industrial Manufacturing and Pharma & Biotech Industry projects make up nearly 92% of the total investment value.
Industrial Info is tracking first-quarter kickoffs for 17 power projects in the region, with a combined investment value of nearly $1.3 billion. Capital approval was given in August to Competitive Power Ventures Incorporated's (Silver Spring, Maryland) $800 million Towantic Energy Center, located in Oxford, Connecticut. The 805-megawatt (MW), natural gas/oil, combined cycle power plant will include two 275-MW General Electric (NYSE:GE) natural gas-fired turbine generators, with heat recovery steam generators, and a 255-MW steam turbine generator. Burns & Roe Enterprises, part of Power Engineers (Hailey, Idaho), is serving on the project, which is expected to be completed in late 2018. For details on the project, see Industrial Info's project report.
Industrial Manufacturing places second in the region, with a combined project value of $654 million. Among the 15 projects is FedEx Corporation's (NYSE:FDX) (Memphis, Tennessee) $220 million regional distribution center in Middletown, Connecticut. The 500,000 square-foot facility, which is scheduled for completion in mid-2018, will handle up to 45,000 packages per hour. Architectural and engineering firm BL Companies (Meriden, Connecticut) was performing detailed design on the project. For related information, see October 27, 2015, article - FedEx Estimates $4.6 Billion in Capital Spending for 2016. For details on the project, see Industrial Info's project report.
In third place comes the Pharmaceutical and Biotech Industry, with 11 projects valued at $361 million. AnC Bio Vermont LLC, part of AnC Bio, Inc. (Seoul, South Korea), plans to build a vaccine and biomedical supply plant in Newport Vermont. The $110 million project includes renovation of part of an existing building, and construction of a four-story, 75,000-square-foot research tower addition. The facility will perform research and development and production of stem cell therapies, and eventually, artificial organs. Kickoff is now tentatively set for March next year, with completion in early 2017. Joseph Architects LLC (Waterbury, Vermont) and PeakCM LLC (Winooski, Vermont) are working on the project. For details on the project, see Industrial Info's project report.
The seven remaining highest-value projects set to kick off in the New England region in the first quarter 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 www.industrialinfo.com.
Click on the image at right for a graph detailing active projects scheduled to kick off in the first quarter of 2016 in New England by industry.The New England region includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
Power, Industrial Manufacturing and Pharma & Biotech Industry projects make up nearly 92% of the total investment value.
Industrial Info is tracking first-quarter kickoffs for 17 power projects in the region, with a combined investment value of nearly $1.3 billion. Capital approval was given in August to Competitive Power Ventures Incorporated's (Silver Spring, Maryland) $800 million Towantic Energy Center, located in Oxford, Connecticut. The 805-megawatt (MW), natural gas/oil, combined cycle power plant will include two 275-MW General Electric (NYSE:GE) natural gas-fired turbine generators, with heat recovery steam generators, and a 255-MW steam turbine generator. Burns & Roe Enterprises, part of Power Engineers (Hailey, Idaho), is serving on the project, which is expected to be completed in late 2018. For details on the project, see Industrial Info's project report.
Industrial Manufacturing places second in the region, with a combined project value of $654 million. Among the 15 projects is FedEx Corporation's (NYSE:FDX) (Memphis, Tennessee) $220 million regional distribution center in Middletown, Connecticut. The 500,000 square-foot facility, which is scheduled for completion in mid-2018, will handle up to 45,000 packages per hour. Architectural and engineering firm BL Companies (Meriden, Connecticut) was performing detailed design on the project. For related information, see October 27, 2015, article - FedEx Estimates $4.6 Billion in Capital Spending for 2016. For details on the project, see Industrial Info's project report.
In third place comes the Pharmaceutical and Biotech Industry, with 11 projects valued at $361 million. AnC Bio Vermont LLC, part of AnC Bio, Inc. (Seoul, South Korea), plans to build a vaccine and biomedical supply plant in Newport Vermont. The $110 million project includes renovation of part of an existing building, and construction of a four-story, 75,000-square-foot research tower addition. The facility will perform research and development and production of stem cell therapies, and eventually, artificial organs. Kickoff is now tentatively set for March next year, with completion in early 2017. Joseph Architects LLC (Waterbury, Vermont) and PeakCM LLC (Winooski, Vermont) are working on the project. For details on the project, see Industrial Info's project report.
The seven remaining highest-value projects set to kick off in the New England region in the first quarter are:
- $200 million: Exelon Corporation's West Medway Plant 200-MW Gas Turbine Additions, located in Medway, Massachusetts
For details on the project, see Industrial Info's project report. - $167 million: Massachusetts Bay Transportation Authority's Phase III Cambridge Green Line Commuter Rail Extension Maintenance Facility And Storage Yard, located in Canton, Massachusetts
For details on the project, see Industrial Info's project report. - $150 million: Palmer Paving Corporation's 35-MW Biomass Power Project, located in Springfield, Massachusetts
For details on the project, see Industrial Info's project report. - $95 million: China Railway Rolling Stock Corporation Limited's Railroad Car And Locomotive Manufacturing Facility Renovation, located in Springfield, Massachusetts
For details on the project, see Industrial Info's project report. - $90 million: Tufts University's Grafton Science Manufacturing And Research Park, Phase I, located in North Grafton, Massachusetts
For details on the project, see Industrial Info's project report. - $65 million: University of Connecticut's Farmington Health Center Research Building "L" Renovation, Project II, PHASE IIIA, located in Farmington, Connecticut
For details on the project, see Industrial Info's project report. - $55 million: Massachusetts Department of Higher Education's New Bedford School Of Marine Science And Technology And DMF Laboratory Addition, located in North Dartmouth, Massachusetts
For details on the project, 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 www.industrialinfo.com.
