• Posted On Sunday, December 6, 2020 by Evan Lamolinara

    Manufnov20

    SalesLeads announced today the November 2020 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 152 new projects in the Industrial Manufacturing sector.

    Planned industrial project activity within the sector increased by 9% from the previous month, but is down 10% YTD from the previous year.

    The following are selected highlights on new Industrial Manufacturing industry construction news.

     

    Industrial Manufacturing - By Project Type

                Manufacturing/Production Facilities - 138 New Projects

                Distribution and Industrial Warehouse - 59 New Projects

               

    Industrial Manufacturing - By Project Scope/Activity

                New Construction - 40 New Projects

                Expansion - 55 New Projects

                Renovations/Equipment Upgrades - 75 New Projects

                Plant Closings - 8 New Projects

     

    Industrial Manufacturing - By Project Location(Top 10 States)

                Indiana - 13

                Florida - 10

                North Carolina - 10

                Michigan - 9

                Wisconsin - 9

                Ontario - 8

                Ohio - 8

                New York - 8

                South Carolina - 7

                 Iowa - 7

     

    Largest Planned Project

    During the month of November, our research team identified 6 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by General Motors, who is planning to invest $1.4 billion for the renovation and equipment upgrades on their manufacturing facilities in OSHAWA, ST. CATHERINES, and WOODSTOCK, ON. They have recently received approval for the project.

     

    Top 10 Tracked Industrial Manufacturing Projects

    NORTH CAROLINA:

    Medical equipment mfr. is planning to invest $300 million for the construction of a 1-million sf manufacturing facility in RESEARCH TRIANGLE PARK, NC. They have recently received approval for the project. Completion is slated for late 2023.

     

    IOWA:

    Pharmaceutical company is planning to invest $50 million for the expansion of their processing facility in CHARLES CITY, IA. Completion is slated for early 2022.

     

    NEW JERSEY:

    Shipping container mfr. is planning for the expansion of their manufacturing facility in CINNAMINSON, NJ by 225,000 sf. They have recently received approval for the project.

     

    NEW YORK:

    Biotechnology company is planning to invest $90 million for a 50,000 sf expansion, renovation, and equipment upgrades on their manufacturing facility in GRAND ISLAND, NY. Construction is expected to start in early 2021, with completion slated for late 2022.

     

    OHIO:

    Packaging container mfr. is planning to invest $30 million for the renovation and equipment upgrades of a 81,000 sf manufacturing facility on Henn Parkway in LORDSTOWN, OH. They are currently seeking approval for the project.

     

    SOUTH CAROLINA:

    Tire mfr. is planning to invest $100 million for the expansion and equipment upgrades of their manufacturing facility in GREENVILLE, SC. They are currently seeking approval for the project.

     

    TENNESSEE:

    Pharmaceutical company is planning to invest $65 million for the expansion of their manufacturing facility in NASHVILLE, TN. Construction will occur in phases, with completion of the first phase slated for late 2021.

     

    VIRGINIA:

    Aircraft mfr. is planning to invest $48 million for the expansion of their hangar, manufacturing, and office facility in BRIDGEWATER, VA by 46,000 sf. They have recently received approval for the project.

     

    ALABAMA:

    Automotive components mfr. is planning to invest $16 million for the construction of a manufacturing facility in MCCALLA, AL. They have recently received approval for the project.

     

    IDAHO:

    Power systems equipment mfr. is planning for the construction of a 140,000 sf manufacturing facility in MOSCOW, ID. Construction is expected to start in Spring 2021, with completion slated for Summer 2022.

     

    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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