Research by SalesLeads’ experienced industrial market research team, shows 459 new planned industrial projects tracked during the month of August.
Planned industrial project activity decreased by 4% from the previous month, and is down 5% YTD from the previous year.
The following are selected highlights on new industrial construction news and project opportunities throughout North America.
Planned Industrial Construction - By Project Type:
Manufacturing Facilities - 148 New Projects
Processing Facilities - 117 New Projects
Distribution and Industrial Warehouse - 191 New Projects
Power/Energy/Oil and Gas - 18 New Projects
Laboratory Facilities - 41 New Projects
Planned Industrial Construction - By Scope/Activity
New Construction - 198 New Projects
Expansion - 130 New Projects
Renovations/Equipment Upgrades - 159 New Projects
Plant Closing - 22 New Projects
Planned Industrial Construction - By Location(Top 10 States)
Texas - 40
California - 25
New York - 22
Ohio - 19
Indiana - 19
Tennessee - 18
Michigan - 18
Illinois - 17
Florida - 16
Pennsylvania - 16
Largest Planned Industrial Construction Project
During the month of August, our research team identified 21 new General Industrial facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Nova Chemicals Corporation, who is investing $2 billion for the construction of a processing facility in Corunna, ON. Construction has recently started, with completion slated for late 2021.
Top 10 Tracked Industrial Construction Projects
Paper products mfr. is planning to invest $2 billion for the construction of a processing facility and a 123MW power plant in ARKADELPHIA, AR. They are currently seeking approval for the project.
Automotive mfr. is considering investing $1 billion for the construction of a 1 million sf manufacturing facility in FLINT, MI.
Electric utility company is planning to invest $1 billion for the renovation and equipment upgrades on their of 2,500MW hydroelectric power plant in LEWISTON, NY. Construction is expected to start in late 2019 and will occur in four phases.
Medical device mfr. is planning to invest $150 million for an expansion of their manufacturing facility at 1845 Mason Ave. in DAYTONA BEACH, FL.
Glass container mfr. is investing $123 million and has recently started the construction of a manufacturing facility in VALDOSTA, GA. Completion is slated for early 2021.
Diversified consumer goods mfr. is planning to invest $130 million for the construction of a 170,000 sf manufacturing facility in BOWLING GREEN, KY. They have recently received approval for the project. Completion is slated for Summer 2020.
Chemical company is planning to invest $450 million for an expansion and equipment upgrades on their processing facility in GEISMAR, LA. Completion is slated for 2023.
Pharmaceutical company is planning to invest $500 million for an expansion and equipment upgrades at their processing facility in SANFORD, NC.
Renewable energy company is planning to invest $175 million for the construction of a biomass refinery in SPIRITWOOD, ND. Construction is expected to start in Spring 2020, with completion slated for early 2022.
Internet search provider is planning to invest $157 million for the renovation and equipment upgrades on a 350,000 sf warehouse, office, and manufacturing facility at NASA Research Park in MOUNTAIN VIEW, CA.
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: