Industrial project construction activity in the Great Lakes Region (Illinois, Indiana, Kentucky, Michigan, Ohio, and Wisconsin) is going strong with over 256 projects under construction adding up to $22 billion in total investment value (TIV), according to a report released Wednesday from Industrial Info Resources.
Among the projects are capital spending for grassroot plants, unit additions, expansions and upgrades.
With 40 projects totaling $8.4 billion, the Power Industry accounts for more than 30% of the project spending. These projects include the $2.1-billion Elm Road Generating Station in Oak Creek, Wis. and a $752-million coal-fired unit being built by the Wisconsin Public Service Corp. that will produce 500 megawatts when completed in 2008, Industrial Info reports.
The Industrial Manufacturing Industry has 91 projects in the Great Lakes Region coming in at over $5.5 billion.
Industrial Info notes that Illinois has the smallest industrial project spending totals with 44 projects at $2.5 billion, while Kentucky has the largest total with 32 projects at $4.6 billion.
In addition to the projects now under construction, Industrial Info has identified approximately 1,700 projects planned to start construction in 2007, with a TIV of over $124 million.