Project Bulletin: June 17, 2024

The expansion will support a number of Kirloskar Industries operations throughout the state.

Getty Images

A $365 million expansion is set for India-based Kirloskar Ferrous Industries Ltd. steel plant in the state of Karnataka’s central village of Bevinahalli. The project aims to increase the site’s production capacity to 300,000 tons per year for the rolling mill and bring steel production to 650,000 tons annually. This project follows news of the start of operations at the company’s new pulverized coal injection plant in the region in March. Availability of natural resources, paired with advanced technology and process optimization techniques, will position the plant to meet increased demand and improve current market competitiveness.

ADVERTISEMENT

Takeda prepares for the future of medical care by expanding its offshore production facilities in Los Angeles.

Photo by Trung Pham: Getty Images

Japanese pharmaceutical company Takeda has announced a $230 million expansion of its manufacturing facility in Los Angeles, California. As demand for plasma-derived therapies continues to increase, Takeda hopes to increase production by an additional 2 million liters per year, while creating approximately 125 jobs in the process. As of 2023, Takeda’s portfolio reflects a presence in 80 countries around the world. The Los Angeles site in particular has established itself as the company’s top producer of plasma-derived therapies out of all 25 manufacturing sites. Takeda’s investment in this location will increase its manufacturing capabilities while also minimizing environmental impact as the company aspires to report zero greenhouse gas emissions by 2035.

ADVERTISEMENT

Baltic Coast Trading Company selects new factory location Russia’s second most populated city.

Photo by da-kuk: Getty Images

The Baltic Coast Trading Company will expand production to a second fish factory in Saint Petersburg. This $71.3 million investment will create about 500 jobs and is expected to increase fish production by an additional 50,000 tons each year for a total of approximately 120,000 tons produced annually. Since its establishment in 2000, the company represents 23% of all Russian fish projects with four production sites around the country. The site will benefit the Baltic Coast Trading Company’s efficiency due to its location in a largely populated city as well as its proximity to the Baltic Sea. The new factory will be completed in 2026.

Reports compiled and written by Alexis Elmore with assistance from David Owens, edited by Adam Bruns