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

Research by SalesLeads’ experienced industrial market research team, shows 28 new planned Pharmaceutical and Laboratory industry projects tracked during the month of August.

Planned industrial project activity within the sector decreased by 3% from the previous month, but is up 7% YTD from the previous year.

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

Pharmaceutical - By Project Type

          Manufacturing/Processing Facilities - 10 New Projects

          Laboratory Facilities - 13 New Projects

          Distribution and Industrial Warehouse - 4 New Projects

Pharmaceutical - By Project Scope/Activity

          New Construction - 7 New Projects

          Expansion - 9 New Projects

          Renovations/Equipment Upgrades - 13 New Projects

Pharmaceutical - By Project Location(Top 5 States)

          Massachusetts - 3

          California - 3

          New Jersey - 2

          Illinois - 2

          Florida - 2

Largest Planned Project

During the month of August, our research team identified 4 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Pfizer, Inc., who is planning to invest $500 million for an expansion and equipment upgrades at their processing facility in SANFORD, NC.

Top 5 Tracked Pharmaceutical Project Opportunities

FLORIDA:

Medical device mfr. is planning to invest $150 million for an expansion of their manufacturing facility at 1845 Mason Ave. in DAYTONA BEACH, FL.

NEW YORK:

Biotechnology company has recently started the construction of a 346,000 sf manufacturing and office facility in EAST GREENBUSH, NY. They are also planning for the construction of a 240,000 sf laboratory facility at the same location. They have recently received approval for the project.

ILLINOIS:

Medical device and supply company is planning for the construction of a 400,000 sf distribution facility on Stearns Road in BARTLETT, IL. They have recently received approval for the project.

MICHIGAN:

Medical isotope mfr. is planning to invest $30 million for an expansion and equipment upgrades on their manufacturing facilities in LANSING, MI. They have recently received approval for the project.

MISSISSIPPI:

Medical equipment mfr. is planning to invest $46 million for the construction of a 1-million sf distribution center at Interstate 55 and U.S. Highway 51 in SOUTHAVEN, MS. They will relocate a portion of operations from their location at South Mendenhall Road in MEMPHIS, TN upon completion 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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