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Posted On Monday, April 13, 2020 by Evan Lamolinara
Research by SalesLeads’ experienced industrial market research team, shows 62 new planned Pharmaceutical projects tracked during the 1st quarter of 2020.
Planned industrial project activity within the sector is down 23% YTD over the previous year.
The following are selected highlights on new Pharmaceutical industry construction news.
Pharmaceutical - By Project Type
Manufacturing/Processing Facilities - 18 New Projects
Laboratory Facilities - 19 New Projects
Distribution and Industrial Warehouse - 14 New Projects
Pharmaceutical - By Project Scope/Activity
New Construction - 20 New Projects
Expansion - 20 New Projects
Renovations/Equipment Upgrades - 26 New Projects
Plant Closing - 1 New Project
Pharmaceutical - By Project Location(Top 5 States)
California - 6
North Carolina - 6
Florida - 6
New York - 5
Ohio - 5
Largest Planned Project
During the 1st quarter of 2020, our research team identified 3 new Pharmaceutical 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 $470 million for the construction of a laboratory and processing facility in DURHAM, NC. They have recently received approval for the project.
Top 5 Tracked Pharmaceutical Projects
NORTH CAROLINA:
Biotechnology company is planning to invest $109 million for the renovation and equipment upgrades of a recently acquired processing facility in SANFORD, NC. They have recently received approval for the project.
INDIANA:
Pharmaceutical and medical device company is planning to invest $110 million for the construction of a distribution center in CLAYTON, IN. They have recently received approval for the project.
PENNSYLVANIA:
Biotechnology firm is investing $100 million and has recently started the construction of a 100,000 sf laboratory and processing facility on International Drive in PITTSBURGH, PA. Completion is slated for early 2022.
NEW JERSEY:
Biotechnology company is investing $30 million for the construction of a 104,000 sf office, laboratory, and processing facility in CRANBURY, NJ. Completion is slated for Summer 2021.
GEORGIA:
Medical equipment mfr. is planning to invest $70 million for the construction of a 1 million sf distribution facility in RICHMOND HILL, GA. Completion is slated for 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.
Each month, our team provides hundreds of industrial reports within a variety of industries, including:
- Industrial Manufacturing
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- Metals
- Power Generation
- Pulp Paper and Wood
- Oil and Gas
- Mining and Aggregates
- Chemical
- Research and Development
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- Pharmaceutical
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