Infrastructure and sustainability leadership are among Canada’s calling cards. But natural resources (including medical marijuana cultivation for life sciences applications) and mining continue to undergird the nation’s economy, outpaced only by the food & beverage sector.
LANDED LEAD OF THE WEEK
EdgeConnex
Lead Signal: Conway delivered a Lead Signal in January 2016 indicating that EdgeConnex announced its first data center in Amsterdam and indicated that it would continue to expand in Western Europe.
Project: In July 2016, EdgeConnex announced a second European data center to be located in Dublin, Ireland. EdgeConnex currently has four additional sites under consideration in the United Kingdom, France, Austria and Italy. EdgeConnex creates purpose-built, edge-of-network data centers that enable fast and secure delivery of content, cloud services and applications.
Zumtobel Group has announced the establishment of a new production plant in Nis, Serbia, the home country of this week’s U.S. Open semifinalist Novak Djokovic. The new facility is over 430,000 sq. ft. in size and will cost $35 million. The first phase of the plant will be operational during the 2018/2019 financial year, with the second phase completed two years later. The plant will serve growing demand for lighting components in Europe. Zumtobel, based in U.S. Open quarterfinalist Dominic Thiem’s home country of Austria, is a leader in innovative lighting solutions for customers around the world.
Biomar Group has announced an investment of $40 million in a new state-of-the-art fish feed production facility in Wesley Vale, Tasmania, Australia, the home country of the tennis player Djokovic defeated last night, John Millman. The new facility will initially generate 55 jobs and produce 110,000 tons per year of aqua feed product. BioMar, based in Denmark, is a world leader in the research and development of sustainable, high-performance feed for more than 45 different fish and shrimp species in more than 80 countries.
The International Labour Organization in May 2018 released an 11-page spotlight report on work statistics titled “Where are the Jobs?” Its primary message? Services and skills are where it’s at. In over 58 percent of the 189 countries and territories for which ILO estimates from November 2017 were available, services represented over half of national employment in 2017, and in around 72 percent of these 189 countries, services was the largest sector in terms of employment. A separate ILO report also released in May points to the green economy as a job creator in the years ahead.
PHOTO OF THE DAY
Site Selection President and Publisher Adam Jones-Kelley made this photo this week of the Sheraton Huzhou Hotel, where Conway will host a new inbound/outbound FDI Summit in 2019.
