MARKET INSIGHT | EUROPE
Western Europe – Industrial construction project pipeline By project type ($M)
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000 Manufacturing plants Chemical and pharmaceutical plants Waste processing plants Metal and material production and processing plants
Western Europe – Industrial construction project pipeline Funding mode by top country (% of total) Country
UK
France Spain
Germany Finland
Netherlands Sweden Denmark Norway Italy
Private 82.6% 85.0% 92.1% 89.0% 90.6% 80.5% 95.5% 92.9% 99.7% 97.6%
Public 7.1% 2.4% 0.0% 1.6% 0.7% 4.9% 3.8% 2.3% 0.3% 1.7%
Western Europe – Industrial construction project pipeline Funding mode (% of total)
Public 3.3%
Public/private 8.5%
Public/Private 10.3% 12.6% 7.9% 9.4% 8.7%
14.5% 0.7% 4.8% -
0.7%
Private 88.3%
sources (8.5%), while the remaining 3.3% is funded by the public sector. The $11bn Dresden European Semiconductor Manufacturing Plant is the largest project in the Western Europe industrial pipeline. This project involves the construction of a 300mm semiconductor fab manufacturing facility on a 50ha area with a monthly production capacity of 40,000, 300mm wafers in Germany.
30 | April 2026 |
www.hoistmagazine.com Meanwhile, the pipeline for industrial
projects in Eastern Europe is valued at $333.6bn, with Russia contributing $161.4bn. The three largest markets in the region are Russia, Kazakhstan and Poland which together represent 64.5% of the total project pipeline value.
However, many industrial initiatives in Russia have been delayed or scrapped since the onset of the conflict in Ukraine coupled with the impact of Western sanctions on
exports. Moreover, war spending and depleted reserves keep the budget under pressure, with tax hikes unlikely to fully offset rising costs. Notably, major Russian manufacturers, including KamAZ, GAZ Group, and AvtoVAZ, have shifted to a four- day workweek due to falling demand and rising borrowing costs. Nevertheless, despite these sanctions, Russia’s President Vladimir Putin announced the launch of the “Innovative Materials and Chemistry” national project in early-February 2026, to facilitate the production of more than 130 priority chemical products by 2030. This is expected to foster development of chemical and pharmaceutical plants in the country. Also, in November 2025, the Russian government announced its plan to establish at least 10 industrial and technology parks in the Far East and Arctic regions by 2030. These parks will support small and medium- sized businesses in national technological priority sectors and their supply chains, offering investment incentives such as reduced income, property, land and transport taxes.
Additionally, in early-December 2025,
South Korean tyre manufacturer, Kumho Tire, announced its decision to construct a production base in Opole, Poland. The total investment of the project is PLN2.1bn
450,000
500,000
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