• Pharmaceutical Industry News and Planned Industrial Project Reports - June 2019 Recap

    Posted On Monday, July 1, 2019 by SalesLeads, Inc.

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    Research by SalesLeads’ experienced industrial market research team, shows 36 new planned Pharmaceutical and Laboratory industry projects tracked during the month of June.

    Planned industrial project activity within the sector increased by 28% from the previous month, and is up 1% YTD from the previous year.

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

    Pharmaceutical - By Project Type

              Manufacturing/Processing Facilities - 25 New Projects

              Laboratory Facilities - 13 New Projects

              Distribution and Industrial Warehouse - 6 New Projects

             

    Pharmaceutical - By Project Scope/Activity

              New Construction - 13 New Projects

              Expansion - 13 New Projects

              Renovations/Equipment Upgrades - 15 New Projects

     

    Pharmaceutical - By Project Location(Top 5 States)

              North Carolina - 6

              Pennsylvania - 4

              California - 3

              Florida - 2

              Tennessee - 2

     

    Largest Planned Project

    During the month of May, our research team identified 2 new Pharmaceutical facility construction projects with an estimated value of $100 million of more.

    The largest project is owned by Merck And Company, Inc., who is investing $300 million and has recently started the construction of a 250,000 sf laboratory and manufacturing facility at 90 East Scott Avenue in RAHWAY, NJ. Completion is slated for early 2021.

     

    Top 5 Tracked Pharmaceutical Project Opportunities

    Tennessee:

    Pharmaceutical company is planning to invest $27 million for a 100,000 sf expansion and equipment upgrades of their laboratory and processing facility in JOHNSON CITY, TN. They are currently seeking approval for the project.

    Washington:

    Pharmaceutical company is planning to invest $30 million for the construction of a 65,000 sf processing, laboratory, and office facility at 9110 W. Granite Ave. in SPOKANE, WA. They are currently seeking approval for the project.

    Pennsylvania:

    Biotechnology company is planning to invest $75 million for the construction of a 136,000 sf processing facility at Philadelphia Navy Yard in PHILADELPHIA, PA. Completion is slated for Summer 2021.

    North Dakota:

    Biotechnology company is planning for the construction of a 189,000 sf office and processing facility in FARGO, ND. Construction will occur in phases, with completion of the first phase slated for early 2021.

    Connecticut:

    Custom biomedical polymer mfr. is investing $15 million and has recently started the construction of a 56,000 sf manufacturing facility adjacent to their plant in PUTNAM, CT. Completion is slated for early 2020.

     

    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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