Recent Project Announcements Highlight Virginia as Rich Industrial Market Attracting Investment

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Recently, several major industrial development announcements in the state of Virginia have put the state in the spotlight of industrial construction and service companies seeking to do business in the state. Industrialinfo.com is tracking 147 industrial projects in Virginia with future construction starts. These projects represent more than $8.5 billion in industrial project development in the state.

Click on the image at right to view a chart showing the breakdown of planned project spending in Virginia by industry.

Regulated and non-regulated arms of Dominion (NYSE:D) (Richmond, Virginia) are planning more than $3 billion in industrial project investment across 30 projects at its power plants in Virginia, over the next two years. One of the larger projects planned for Virginia is a $1.3 billion nuclear power unit addition at Dominion’s North Anna plant.

Outside of the power industry, Wal-Mart Stores Incorporated (NYSE:WMT ) (Bentonville, Arkansas) is constructing two distribution center expansions in Virginia. See related new article - Wal-Mart Awards Contracts for Distribution Centers Planned in Virginia.

Infineon Technologies is nearing completion of a $1 billion expansion at its Sandston, Virginia plant. See related new article - Infineon Revives Five-Year-Old $1 Billion Expansion Project.

Owing to the strong region demand for building and construction materials, building products manufacturers have recently announced a series of expansion in the state, including James Hardie’s plans to build its tenth siding manufacturing plant at a cost of $100 million. United States Gypsum Company (NYSE:USG) (Chicago, Illinois) is investing $132 million to modernize its gypsum wallboard manufacturing plant in Norfolk, Virginia. See related new article - United States Gypsum Company Investing $132 Million in Virginia.

Kraft Foods Global Incorporated (NYSE:KFT) (Northfield, Illinois), a wholly-owned subsidiary of Altria Group Incorporated (NYSE:MO) (New York, New York)is expanding its Planters Peanuts plant in Suffolk, Virginia. See related new article - Kraft Expanding Planters Plant in Virginia.

With 700 major operational industrial plants, Virginia ranks as one of the top states for industrial manufacturing. To access plant contacts, phone numbers, and addresses to these plants check out Industrialinfo.com's Mid-Atlantic Online Plant Directory.

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