SalesLeads announced today the September 2020 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 68 new projects in the Food and Beverage sector.
Planned industrial project activity within the sector decreased by 16% from the previous month, and is down 15% YTD from the previous year.
The following are selected highlights on new Food and Beverage industry construction news.
Food and Beverage Project Type
Processing Facilities - 47 New Projects
Distribution and Industrial Warehouse - 30 New Projects
Food and Beverage Project Scope/Activity
New Construction - 17 New Projects
Expansion - 23 New Projects
Renovations/Equipment Upgrades - 31 New Projects
Plant Closing - 1 New Project
Food and Beverage Project Location(Top 10 States)
California - 7
Texas - 5
New York - 5
Illinois - 4
North Carolina - 4
Washington - 3
Ohio - 3
Indiana - 3
New Jersey - 3
Kentucky - 2
Largest Planned Project
During the month of September, our research team identified 2 new Food and Beverage facility construction projects with an estimated value of $100 million of more.
The largest project is owned by LiDestri Food & Drink, who is planning to invest $314 million for the construction of a greenhouse, processing, and distribution complex in EARLY BRANCH, SC. They have recently received approval for the project. Construction will occur in phases, with completion of the first phase slated for 2022.
Top 10 Tracked Food and Beverage Projects
Peanut farming cooperative is planning to invest $87 million for the construction of a 400,000 sf warehouse and processing facility in ATMORE, AL. They have recently received approval for the project.
Baby food products mfr. is planning to invest $36 million for an expansion of their processing facility in FREMONT, MI. They have recently received approval for the project.
Specialty meal delivery service provider is planning for the renovation and equipment upgrades on a recently leased 375,000 sf distribution center at 2700 Market St. in IRVING, TX. They plan to occupy the space in Spring 2021.
Brewery is planning to invest $68 million for the expansion of their production facility in WAUNAKEE, WI by 100,000 sf. The project also includes the construction of a 200,000 sf warehouse on Uniek Dr. in WAUNAKEE, WI. They are currently seeking approval for the project.
Specialty food ingredients mfr. is planning to invest $12 million for the renovation and equipment upgrades on a recently acquired 141,000 sf processing and office facility at 2130 S. Industrial Park Ave. in TEMPE, AZ.
Startup distillery is planning to invest $13 million for the construction of a production facility in BARDSTOWN, KY. They have recently received approval for the project. Construction is expected to start in Spring 2021.
Ice cream mfr. is considering establishing a new processing facility in NASHUA, NH. Watch SalesLeads for updates.
Startup plant-based meat products mfr. is planning to establish a processing facility in PETALUMA, CA. Completion is slated for Summer 2021.
Snack food mfr. is planning to invest $8 million for the renovation and equipment upgrades on a 34,000 sf warehouse at 10 Commerce Dr. in HAUPPAUGE, NY. They have recently received approval for the project. They plan to consolidate operations upon completion.
Bakery is planning for the renovation and equipment upgrades on a 17,000 sf warehouse and processing facility at 26361 Curtiss Wright Parkway in RICHMOND HEIGHTS, OH. They have recently received approval for the project. They will consolidate operations upon completion.
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: