Ohio is one of the largest states in the nation for industrial project spending. Currently, Ohio is host to more than 220 planned industrial projects totaling more than $6 billion scheduled to begin construction in 2007. 
The leading industry in Ohio for industrial project spending, represented by construction starts in 2007, is the industrial manufacturing industry with $1.4 billion, closely followed by the power industry with $1.3 billion and the metals and minerals industry with $1.2 billion. After these three leaders are three other industries, which are experiencing significant project spending scheduled for 2007, including the alternative fuels industry with $977 million, the petroleum refining industry with $643 million, and the pharmaceutical and biotech Industry with $605 million.
The largest project on the books for Ohio is a plan by DaimlerChrysler Corporation to retool an automotive machining plant in Perrysville, Ohio. The $700 million project, which is scheduled to begin construction this year, will involve converting from steering column and torque converter production to engine components for the 3.8L, V-6 Phoenix engine. This coming despite the fact that the Chrysler Group reported an operating loss of $1.5 billion in 2006 and expects to eliminate 13,000 positions group-wide, including 800 jobs at the Perrysville factory by 2011 when the conversion is completed.
Another large project scheduled for construction this year is a $500 million metallurgical coke plant planned by U.S. Coking Group LLC in Oregon, Ohio. Despite bringing contractors on board at the beginning of the year, the project still requires financing to move forward. In a related move, Sun Coke Company will begin construction this spring on an expansion of its new metallurgical coke plant in Haverhill, Ohio. The $230 million project includes a 67-megawatt cogeneration plant.
With 1,650 operational industrial plants, Ohio is the largest state in the Great Lakes region terms of industrial plant population. Gain access to plant management contacts, addresses, phone numbers and more with Industrial Info’s Great Lakes Online Plant Directory. Click on the image at right to try out a free demo of the Great Lakes Online Plant Directory.
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