SalesLeads announced today the November 2021 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 69 new projects in the Food and Beverage sector.
The following are selected highlights on new Food and Beverage industry construction news.
Food and Beverage Project Type
Processing Facilities - 53 New Projects
Distribution and Industrial Warehouse - 21 New Projects
Food and Beverage Project Scope/Activity
New Construction - 29 New Projects
Expansion - 17 New Projects
Renovations/Equipment Upgrades - 27 New Projects
Plant Closing - 2 New Projects
Food and Beverage Project Location (Top 10 States)
Ontario - 5
Florida - 5
California - 4
Ohio - 4
Wisconsin - 4
Indiana - 4
Illinois - 3
NewYork - 3
Missouri - 3
Minnesota - 3
Largest Planned Project
During the month of November, our research team identified 5 new Food and Beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by J.M. Smucker Company, who is planning to invest $1 billion for the construction of a processing facility in MCCALLA, AL. Construction will occur in phases and is expected to start in early 2022, with completion slated for 2025.
Top 10 Tracked Food and Beverage Projects
Pet food mfr. is planning to invest $200 million for the construction of a 700,000 sf processing facility in RUSHVILLE, IN. They are currently seeking approval for the project.
Snack food mfr. is planning to invest $123 million for the construction of a 490,000 sf warehouse and distribution center in RICHMOND, VA. The project includes a 68,000 sf expansion and equipment upgrades of their existing processing facility in RICHMOND, VA. They are currently seeking approval for the project.
Soybean processor is planning to invest $72 million for an expansion of their processing facility in SIOUX CITY, IA. They are currently seeking approval for the project. Completion is slated for Fall 2023.
Dairy company is planning to invest $60 million for the construction of a processing facility in GRACE TOWNSHIP, MN. They are currently seeking approval for the project.
Wine distributor is planning to invest $40 million for the construction of a 500,000 sf production and warehouse facility in GOSHEN, NY. They are currently seeking approval for the project.
Specialty ingredients mfr. is planning for the renovation and equipment upgrades on a recently leased 300,000 sf warehouse and distribution facility at 255 Logistics Center in ST. LOUIS, MO. They will relocate a portion of operations upon completion.
Fresh egg producer is planning to invest $23 million for the expansion of their processing and hatching facility in OKEECHOBEE, FL. They have recently received approval for the project. Completion is slated for early 2023.
Food products mfr. is planning to invest $18 million for equipment upgrades of a 144,000 sf processing facility on Charter St. in COLUMBUS, OH. Completion is slated for Fall 2022.
Specialty food mfr. is planning to invest $10 million for the renovation and equipment upgrades on a 125,000 sf processing and warehouse facility in LOVELAND, CO. They will consolidate their operations upon completion in Summer 2022.
Food co-packing service provider is planning to invest $10 million for the renovation and equipment upgrades on a 63,000 sf warehouse and office facility in MIDDLESEX, NC. They have recently received approval for the project.
About SalesLeads, Inc.
Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.
Each month, our team delivers hundreds of industrial capital project intelligence reports within a variety of industries, including: