In January, Manufacturing Dive compiled at least $1.8 billion in new manufacturing investments for facility openings across five U.S. states and internationally in Mexico. The investments varied sector to sector, from food and drugs to electronics and minerals.
The start of the new year revealed six factory openings and a more positive outlook on the manufacturing industry overall. The Institute for Supply Management’s manufacturing index report on Thursday forecasted that the industry is at the beginning of a possible growth cycle, as demand picks back up.
Of the six facility openings, the largest investment was from Stardust Power, which is building a more than $1 billion lithium refinery in Oklahoma. The runner-up was Tyson’s $355 million high-tech bacon plant in Kentucky.
Several companies also opted to onshore their manufacturing sites this month. For instance, China-based Sailun Tires announced a Mexico plant while Orbic Electronics Manufacturing moved production from China to New York.
Explore the details of all six projects listed below.