Pharmaceutical Industry News and Planned Industrial Project Reports - November 2019 Recap

Research by SalesLeads’ experienced industrial market research team, shows 17 new planned Pharmaceutical and Laboratory industry projects tracked during the month of November. 

The following are selected highlights on Pharmaceutical and Biotech industry construction news.

Pharmaceutical - By Project Type

            Manufacturing/Processing Facilities - 5 New Projects

            Laboratory Facilities - 4 New Projects

            Distribution and Industrial Warehouse - 2 New Projects

Pharmaceutical - By Project Scope/Activity

            New Construction - 5 New Projects

            Expansion - 9 New Projects

            Renovations/Equipment Upgrades - 5 New Projects

            Plant Closing - 0 New Projects

Pharmaceutical - By Project Location (Top 5 States)

Indiana - 3

Texas - 2

New Mexico - 2

Minnesota - 2

Florida - 1  

Largest Planned Project

During the month of November, our research team identified 3 new Food and Beverage facility construction projects with an estimated value of $100 million or more. 

The largest project is owned by Eli Lilly And Company, who is planning to invest $400 million for the renovation and equipment upgrades on their processing facility in Indianapolis, IN. They have recently received approval for the project.

Top 5 Tracked Pharmaceutical Project Opportunities

FLORIDA:

Biotechnology company is planning to invest $180 million for the construction of a 190,000 sf processing facility in ORLANDO, FL. They are currently seeking approval for the project.

TEXAS:

Biotechnology company is planning to invest $120 million for an expansion of their laboratory and processing facility in COLLEGE STATION, TX. The project includes the construction of a 60,000 sf processing facility at the same location. Completion for both projects is slated for Fall 2021.

INDIANA:

Biotechnology company is investing $45 million for a 30,000 sf expansion, renovation, and equipment upgrades on a 55,000 sf processing facility at 7796 South Innovation Way in BUNKER HILL, IN. Construction has recently started, with completion slated for September 2020.

MASSACHUSETTS:

Biotechnology company is planning to invest $55 million for the expansion of their processing facility in MILFORD, MA by 24,000 sf. They are currently seeking approval for the project.

MINNESOTA:

Biotechnology company is planning to invest $50 million for the construction of a 50,000 sf processing facility in ST. PAUL, MN. They expect to start operations in early 2021.

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.

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