Norway Plant Location Factor
Get Norway Plant Capital Cost Based on the Cost in other Country
Intratec Plant Location Factors (IL Factors) are multipliers that convert industrial plant construction costs from one country to another. The application of IL Factors is simple: to estimate the investment required for constructing a plant in a specific country, simply multiply the known plant investment from a reference country by the appropriate location factor.
IL Factors and key manufacturing costs in Norway and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Data Use. Calculated monthly, Plant Location Factors provide a straightforward way to estimate what it would cost to build a manufacturing plant in a country of interest, based on construction cost data from other countries. The usage of Intratec Plant Location Factors is simple: to determine the plant cost in a country of interest, one simply multiplies the known plant cost in the reference country by the respective location factor for the specific period. IL factors and key manufacturing costs in Norway and up to 32 other countries are provided with the annual subscription to "Intratec Industry Economics Worldwide". To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. Plant Location Factors are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
Intratec Industry Economics Worldwide
Assess Manufacturing Competitiveness of Norway & 32 other Countries
Plans Starting at $149 USD /year
About IL Factors. Plant Location Factors are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. IL Factors are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Covering as many as 33 countries, Plant Location Factors are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities
About Norway Manufacturing Industry. Norway's economy is characterized by a high standard of living and a diverse industrial base, driven largely by its rich natural resources and advanced technological capabilities. Known for its strong commitment to sustainability and innovation, Norway excels in various sectors, including oil and gas, maritime industries, renewable energy, and seafood processing. The manufacturing sector plays a significant role in Norway’s GDP, contributing to both employment and economic stability.
The Norwegian manufacturing industry is distinguished by its focus on high-quality production and environmental sustainability. With a skilled workforce and robust infrastructure, Norway has established itself as a leader in producing goods that meet stringent environmental standards. The maritime sector, in particular, is renowned for its advanced shipbuilding and maritime technology.
As Norway navigates global economic challenges, including digital transformation and climate change, its manufacturing sector remains a cornerstone of economic resilience. The country is increasingly investing in green technologies and sustainable practices, reinforcing its commitment to innovation in industrial development. With a focus on maintaining high standards and fostering research, Norway is well-positioned to continue its legacy as a key player in the global manufacturing landscape for years to come.
