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Released December 28, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Exports are helping to boost Quebec's economy, with a growing health care sector and increased production of metals and non-metallic minerals cited by the Canadian province's government as top drivers. Quebec's projected 2017 construction starts currently have a $16.89 billion total investment value (TIV) that tops those of Atlantic Canada and Ontario. More than 95% of the TIV is attributed to four industries: Metals & Minerals, Power Generation, Food & Beverage, and Pharmaceutical & Biotech.
Click on the image at right for a graph detailing planned 2017 project kickoffs in Quebec, by industry.
The Metals & Minerals Industry, normally the province's breadwinner, is far ahead of all other industries with $11.63 billion in projected kickoffs, the largest of which is partly from a foreign investor: Wuhan Iron & Steel Group Corporation (Wuhan, China) and Adriana Resources Incorporated's (TSX:ADI) (Toronto, Ontario) proposed, $2.9 billion, first-phase iron slurry pipeline transport system at Lac Otelnuk Iron Ore Mine and Pellet Plant in Riviere-Koksoak. If approved, the facility would produce 30 million tons per year of pellet feed iron ore concentrate from a planned iron ore mine and transport it via an underground slurry pipeline to a planned shipping port facility in Sept-Iles. But weak commodity prices have kept the project, first proposed in 2011, from taking off, and there's hardly any guarantee that the coming year won't see further delays. For more information, see Industrial Info's project report.
The Power Industry, with $3.74 billion in projected kickoffs, is hosting one of the most ambitious transmission projects currently planned in North America: Hydro-Quebec's (Montreal, Quebec) Champlain Hudson Power Express (CHPE) Transmission Line, the largest section of which is the $2.2 billion portion that runs from Montreal to New York. Specifically, the 333-mile segment would begin at Hydro-Quebec's Hertel Substation in Montreal, and run to a new converter station in Astoria, New York. The first 100 miles are in Lake Champlain's bed, after which it goes underground for 167 miles before reaching the Hudson River, after which it connects to Harlem River. The project is driven by an agreement among the U.S., Canada and Mexico to source about half of their power from clean generation sources by 2025; Lake Champlain is a major generator of Canadian hydropower. For more information, see Industrial Info's project report.
The Food & Beverage Industry is currently expected to host $397 million in 2017 construction starts in Quebec, including Molson Coors Brewing Company's (NYSE:TAP) (Denver, Colorado) $250 million brewery modernization in Montreal. The company, which is the seventh-largest brewer globally by volume, hopes to modernize its beer production; a feasibility study will determine whether it upgrades the current location or builds a new site entirely, according to CBC News. For more information, see Industrial Info's project report.
The Pharmaceutical & Biotech Industry is responding to Quebec's growing health care sector with $354 million in projected kickoffs in 2017, the largest of which is Medicago Incorporated's (Quebec City, Quebec) $245 million vaccine production plant in Quebec City. The project includes the construction of a 474,000-square-foot plant that would produce up to 50 million doses per year of plant-based, quadrivalent seasonal flu vaccines. For more information, see Industrial Info's project report.
Nearly all the total investment value--$16.33 billion--is tied to projects that are in the planning phases, where plenty of factors still could increase, decrease or totally eliminate the expected spending. About $366 million relates to projects that are in engineering phases, while the remaining $196 million is tied to maintenance-related projects.
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 planned 2017 project kickoffs in Quebec, by industry.The Metals & Minerals Industry, normally the province's breadwinner, is far ahead of all other industries with $11.63 billion in projected kickoffs, the largest of which is partly from a foreign investor: Wuhan Iron & Steel Group Corporation (Wuhan, China) and Adriana Resources Incorporated's (TSX:ADI) (Toronto, Ontario) proposed, $2.9 billion, first-phase iron slurry pipeline transport system at Lac Otelnuk Iron Ore Mine and Pellet Plant in Riviere-Koksoak. If approved, the facility would produce 30 million tons per year of pellet feed iron ore concentrate from a planned iron ore mine and transport it via an underground slurry pipeline to a planned shipping port facility in Sept-Iles. But weak commodity prices have kept the project, first proposed in 2011, from taking off, and there's hardly any guarantee that the coming year won't see further delays. For more information, see Industrial Info's project report.
The Power Industry, with $3.74 billion in projected kickoffs, is hosting one of the most ambitious transmission projects currently planned in North America: Hydro-Quebec's (Montreal, Quebec) Champlain Hudson Power Express (CHPE) Transmission Line, the largest section of which is the $2.2 billion portion that runs from Montreal to New York. Specifically, the 333-mile segment would begin at Hydro-Quebec's Hertel Substation in Montreal, and run to a new converter station in Astoria, New York. The first 100 miles are in Lake Champlain's bed, after which it goes underground for 167 miles before reaching the Hudson River, after which it connects to Harlem River. The project is driven by an agreement among the U.S., Canada and Mexico to source about half of their power from clean generation sources by 2025; Lake Champlain is a major generator of Canadian hydropower. For more information, see Industrial Info's project report.
The Food & Beverage Industry is currently expected to host $397 million in 2017 construction starts in Quebec, including Molson Coors Brewing Company's (NYSE:TAP) (Denver, Colorado) $250 million brewery modernization in Montreal. The company, which is the seventh-largest brewer globally by volume, hopes to modernize its beer production; a feasibility study will determine whether it upgrades the current location or builds a new site entirely, according to CBC News. For more information, see Industrial Info's project report.
The Pharmaceutical & Biotech Industry is responding to Quebec's growing health care sector with $354 million in projected kickoffs in 2017, the largest of which is Medicago Incorporated's (Quebec City, Quebec) $245 million vaccine production plant in Quebec City. The project includes the construction of a 474,000-square-foot plant that would produce up to 50 million doses per year of plant-based, quadrivalent seasonal flu vaccines. For more information, see Industrial Info's project report.
Nearly all the total investment value--$16.33 billion--is tied to projects that are in the planning phases, where plenty of factors still could increase, decrease or totally eliminate the expected spending. About $366 million relates to projects that are in engineering phases, while the remaining $196 million is tied to maintenance-related projects.
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.
