For the second straight year, chemical/pharmaceutical facility investment has outpaced transportation equipment when measured by the number of private-sector facility projects tracked by the Conway Projects Database* in 2017.
As the chart below indicates, the totals in the four leading sectors were down somewhat compared to 2016. (Computer and Electronics Products moves into fifth place, displacing Plastic and Rubber Products.) The total number from these five sectors was 2,697, down about 10 percent from the 2016 total of 2,967, but nearly equal to the 2,760 projects tracked across the top five sectors in 2015.
|Machinery (excl. Electrical)||203||187||390||-10.3%|
|Computers and Electronics Products||230||120||350||NA|
The drop doesn’t mean there was a dearth of megaprojects across the leading sectors: The map displays the top 10 by capital investment across the five leading sectors.
While North America continues to attract major deals across the board, the picture that emerges from these 50 projects (and the next 50 behind them) is cluster upon cluster of big projects blooming in China. Seven of the top 10 transportation equipment projects landed there, including plants from domestic companies such as Chery Automobile (with Jaguar Land Rover) and Jiangxi Changhe Automobile Co., both in Jiangsu province.
* The Conway Projects Database qualifies corporate facility investments involving new construction that bring at least one of three criteria: at least US$1 million invested; at least 20 new jobs created; or at least 20,000 new sq. ft. of space.