• Food and Beverage Industry News and Planned Industrial Project Reports - JULY 2019 Recap

    Posted On Monday, August 12, 2019 by Evan Lamolinara

    Food-July.jpg

    Research by SalesLeads’ experienced industrial market research team, shows 70 new planned Food and Beverage industry projects tracked during the month of June.

    Planned industrial project activity within the sector remained the same from the previous month, and is up 2% YTD from the previous year.

    The following are selected highlights on new Food and Beverage industry construction news.

      

    Food and Beverage Project Type

    •   Processing Facilities - 45 New Projects
    •   Distribution and Industrial Warehouse - 25 New Projects

     

    Food and Beverage Project Scope/Activity

    •  New Construction - 27 New Projects
    •  Expansion - 16 New Projects
    •  Renovations/Equipment Upgrades - 37 New Projects
    •  Plant Closing - 1 New Project 

     

    Food and Beverage Project Location(Top 10 States)

    •  California - 7
    •  New York - 7
    •  Ohio - 5
    •  Connecticut - 4
    •  Michigan - 4
    •  New Jersey - 3
    •  Washington - 3
    •  Iowa - 3
    •  Wisconsin - 3
    •  South Carolina - 2

      

    Largest Planned Project

    During the month of July, our research team identified 2 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Bayer Cropscience, who is planning to invest $164 million for an expansion of their processing facility in CREVE COUER, MO. They have recently received approval for the project.

      

    Top 10 Tracked Food and Beverage Projects

    IOWA:

    Meat processing company is planning for the renovation and equipment upgrades on a recently acquired 300,000 sf processing facility in CHEROKEE, IA.

    KENTUCKY:

    Distillery is investing $60 million for the construction of a new production facility in CLERMONT, KY. They have recently received approval for the project. Completion is slated for early 2021.

    MICHIGAN:

    Infant nutritional products mfr. is planning to invest $68 million for an expansion and equipment upgrades on their processing facility in ZEELAND, MI. They have recently received approval for the project.

    ARIZONA:

    Beverage company has recently started a 160,000 sf expansion of their warehouse and office facility in GLENDALE, AZ. Completion is slated for early 2020. 

    BRITISH COLUMBIA:

    Cannabis infused beverage products mfr. is planning for the expansion of a processing and bottling facility in BRIDESVILLE, BC by 170,000 sf. They have recently received approval for the project.

    FLORIDA:

    Retail grocery market has recently agreed to lease 120,000 sf of distribution space at 6375 Emperor Drive in ORLANDO, FL. They expect to be operational in Fall 2020.

    ILLINOIS:

    Commercial kitchen space provider is planning for the renovation and equipment upgrades on a recently acquired 117,000 sf processing, storage, and office facility at 5801 W. Dickens Ave. in CHICAGO, IL. They plan to be operational in Spring 2020.

    CALIFORNIA:

    Non-profit organization is investing $10 million and has recently started the construction of a 50,000 sf kitchen and food production facility at 2230 Jerrold Avenue in SAN FRANCISCO, CA. Completion is slated for December 2020.

    NEW YORK:

    Frozen dessert mfr. is planning to invest $21 million for the expansion of their manufacturing facility on Horizon Park Dr. in PENN YAN, NY by 195,000 sf. They have recently received approval for the project. Completion is slated for Summer 2020.

    SOUTH CAROLINA:

    Food processing and packaging company is planning to invest $12.5 million for an expansion and equipment upgrades of their office and manufacturing facility in MULLINS, SC. They have recently received approval for the project.

     

    Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials. 

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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