SUGAR LAND, Texas--(BUSINESS WIRE)--Thanks largely to some blockbuster projects, the value of industrial construction presently underway in Indiana and tracked by Industrial Info exceeds $39 billion. The projects cover a range of sectors from pharmaceutical-biotech projects to cutting-edge data centers.
By far the largest project presently underway in the state is pharmaceutical giant Eli Lilly and Company's (NYSE:LLY) (Indianapolis, Indiana) expansion of its campus in Lebanon, about 30 miles from Lilly's headquarters in Indianapolis. The project broke ground in the summer of 2023, with engineering, procurement and construction (EPC) firm Fluor Corporation (NYSE:FLR) (Irving, Texas) leading the work.
Other multibillion projects in the state involve the automotive sector, specifically the manufacture of the batteries that power electric vehicles (EVs). Both General Motors Company (NYSE:GM) (GM) (Detroit, Michigan) and Stellantis NV (NYSE:STLA) (Hoofddorp, Netherlands) are constructing battery plants in the state.
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Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
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