U.S. Mid-Atlantic Region Expects More Than $4.5 Billion of Project Completions in Second Quarter

Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking $4.5 billion in projects that are scheduled to be completed in the second quarter in the U.S. Mid-Atlantic market region, which includes the states of Maryland, Virginia, West Virginia, North Carolina and South Carolina as well as Washington, D.C. The Power Industry leads the region in terms of total investment value (TIV), followed by the Industrial Manufacturing and Pharmaceutical & Biotech industries.

Click on image at right for a breakdown by industry of planned second-quarter 2016 project completions in the U.S. Mid-Atlantic.

Among the largest projects to be completed this quarter is Dominion Resources Incorporated (NYSE:D) (Richmond, Virginia) subsidiary Dominion Virginia Power's Brunswick County Power Station, near Lawrenceville, Virginia. Construction of the 1,358-megawatt (MW) natural gas-fired, combined-cycle plant began in 2013 and wrapped up this quarter; it is expected to begin commercial service this summer. Fluor Enterprises Incorporated (Charlotte, North Carolina), a subsidiary of Fluor Corporation (NYSE:FLR) (Irving, Texas), acted as the engineering, construction and procurement (EPC) firm for the $ 1.3 billion project.

Two solar power projects also make it into the top-five list of projects scheduled for completion in the region. The 78.5-MW Hope Mills photovoltaic (PV) solar project and the 100-MW Sunrise IV PV project both began construction in mid-2015 in North Carolina and are expected to be wrapped up by the end of the quarter. Both projects are owned by Principal Solar Incorporated (Dallas, Texas), with Alpha Energy (Annapolis, Maryland) acting as the EPC firm. The projects have a combined total investment value of $308 million.

Two plant expansions help put the Industrial Manufacturing Industry on solid ground in the region. Boeing Company's (NYSE:BA) (Seattle, Washington) expansion of an aircraft parts decorative paint facility in North Charleston, South Carolina, began in 2014 and is expected to be completed this quarter, while Canon Incorporated's (NYSE:CAJ) (Tokyo, Japan) expansion of a toner manufacturing plant in Virginia is also set for completion this quarter.

While the larger capital projects are often highlighted, Industrial Info is also tracking 82 maintenance projects, valued at $245.6 million, across all industries that are set to wrap up this quarter in the region.

Information on these and other projects is available in Industrial Info's Global Industrial Project Database, which contains information on more than 100,000 active industrial projects and 155,000 completed, on-hold and canceled projects covering 12 industrial sectors across the world.

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/.