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Released June 25, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial project activity is improving in Canada. The value of construction starts has increased by 46% year over year, according to the May 2021 update of Industrial Info's North American Industrial Project Spending Index. One of the larger contributors to this increase is Ontario, which is a taking greater share of the project activity from Alberta and British Columbia, which in turn have been hit hard by the downturn in the Oil & Gas market. In a sense, Ontario has a more diversified industry than western Canada's provinces, which rely heavily on fossil fuel extraction.
Ontario has more industrial projects than any other Canadian province, with 1,186 projects totaling $102 billion under development, according to Industrial Info's Global Market Intelligence (GMI) Project Database.
Alberta is a close second, with 1,175 projects. Both Alberta and British Columbia have greater total project value than Ontario, with $163 billion and $147 billion, respectively.
Click on the image at right view a breakdown of industrial projects in Canada by province.
Project activity in Ontario is dominated by three industries; Metals & Minerals with $33 billion, Power Generation with $32 billion and Industrial Manufacturing with $27 billion.
In Metals & Minerals, Battle North Gold Corporation (Vancouver, British Columbia) started construction earlier this year on a $86 million restart and optimization of the Red Lake Bateman mine in Northern Ontario. That project will continue through the end of 2022. This comes on the heels of IAMGOLD Corporation's (NYSE:IAG) (Toronto, Ontario), construction start last year of the grassroot Cote Gold mine near Gogama, Ontario. The grassroot $1.3 billion Cote project is expected to be operational by late 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for the Red Lake Bateman project report and here for the Cote project report.
Other important industries include Pharma-Biotech with $3 billion, Food & Beverage with $2.5 billion and Chemical Processing with $2 billion.
Ontario accounts for more than a third of projects currently under construction in Canada, with 139 projects totaling $36 billion. Industrial Manufacturing leads the way with a number of infrastructure projects under construction in the greater Toronto region, where Metrolinx has $14 billion worth of rail additions, extensions and electrification projects. The City of Ottawa has $4.7 billion worth of light rail projects under construction.
In the Power Generation Industry, Ontario Power Generation Incorporated has $4.4 billion worth of projects under construction.
Click here for a list of projects that are under construction in Ontario.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
Ontario has more industrial projects than any other Canadian province, with 1,186 projects totaling $102 billion under development, according to Industrial Info's Global Market Intelligence (GMI) Project Database.
Alberta is a close second, with 1,175 projects. Both Alberta and British Columbia have greater total project value than Ontario, with $163 billion and $147 billion, respectively.
Project activity in Ontario is dominated by three industries; Metals & Minerals with $33 billion, Power Generation with $32 billion and Industrial Manufacturing with $27 billion.
In Metals & Minerals, Battle North Gold Corporation (Vancouver, British Columbia) started construction earlier this year on a $86 million restart and optimization of the Red Lake Bateman mine in Northern Ontario. That project will continue through the end of 2022. This comes on the heels of IAMGOLD Corporation's (NYSE:IAG) (Toronto, Ontario), construction start last year of the grassroot Cote Gold mine near Gogama, Ontario. The grassroot $1.3 billion Cote project is expected to be operational by late 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for the Red Lake Bateman project report and here for the Cote project report.
Other important industries include Pharma-Biotech with $3 billion, Food & Beverage with $2.5 billion and Chemical Processing with $2 billion.
Ontario accounts for more than a third of projects currently under construction in Canada, with 139 projects totaling $36 billion. Industrial Manufacturing leads the way with a number of infrastructure projects under construction in the greater Toronto region, where Metrolinx has $14 billion worth of rail additions, extensions and electrification projects. The City of Ottawa has $4.7 billion worth of light rail projects under construction.
In the Power Generation Industry, Ontario Power Generation Incorporated has $4.4 billion worth of projects under construction.
Click here for a list of projects that are under construction in Ontario.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
