Ohio Lines Up $15.8 Billion in Industrial Project Starts in 2010

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Researched by Industrial Info Resources (Sugar Land, Texas)--After a slow 2008-09 construction season, things may be looking up for industrial construction projects in Ohio. With 197 projects totaling $15.8 billion scheduled to begin construction this year, Ohio is positioned to significantly exceed the activity of 2008 and 2009.

Click on the image at right to view a chart showing the breakdown of industrial project starts in Ohio for 2010.

Last year, 151 projects, totaling $2.2 billion, began construction, including the resumption of construction of the Fremont Energy Center, which is owned by FirstEnergy Corporation (NYSE:FE) (Akron, Ohio). When operational in early 2011, the power plant will produce 704 megawatts (MW) of electricity. Aker Construction Incorporated (Canonsburg, Pennsylvania) is the general contractor for the project. The Fremont Energy Center will be a natural gas-fired, combined-cycle power plant. For more information, see related article from October 5, 2009 - FirstEnergy Resumes Construction of 704-Megawatt Fremont Energy Center for 2010 Completion.

So far this year, almost $1 billion worth of industrial projects have begun construction in Ohio. After delays caused by the market and permitting requirements, SunCoke Energy (Knoxville, Tennessee) began construction of a $340 million, grassroot heat-recovery coke plant in Middletown, Ohio. The SunCoke project includes a 67-MW cogeneration plant. In April, foundations were poured, and building construction is under way at the site. In May 2010, ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) began construction of a $60 million expansion of the company's Troy, Ohio, plant to increase production of its Slim Jim product line.

Major construction is scheduled to begin this summer on a $640 million pipe mill expansion at V&M Star LP's steel mill in Youngstown, Ohio.

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