Michigan Benefits from $16 Billion Surge in Industrial Manufacturing

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Researched by Industrial Info Resources (Sugar Land, Texas)--Recent project announcements by General Motors Corporation (NYSE:GM) (Detroit, Michigan) to expand automotive manufacturing plants in Michigan are good examples of increased activity in manufacturing projects--not only in Michigan, but throughout the U.S. Industrial Info's North America Industrial Project Database currently shows 340 active industrial projects in Michigan totaling about $16 billion.

Projects include Power Generation, Industrial Manufacturing and Pharma-Biotech projects. Many manufacturers are choosing to expand in the U.S. due to affordable natural gas, an experienced labor force and a solid market for products.

Click on the image at right to view a chart showing the breakdown of projects in Michigan by Industry.

One city that is heating up for industrial project development in Michigan is the capital city of Lansing. Recent news of the expansion of General Motors' Delta Township Metal Stamping Plant is a boost to industrial development in a region in need of jobs. Civil/site preparation has already begun on a 60,000-square-foot addition. The company is also planning a larger expansion of the nearby Grand River Assembly Plant in Lansing.

View Project Report - 300176316 300162880

About 41% of the value of active industrial projects in Michigan is currently under construction, consisting of 71 projects totaling $6.6 billion.

The Power Industry accounts for 42% of all active projects in Michigan. Industrial Manufacturing--mainly the automotive manufacturing segment--is the second-largest.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three 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.