SalesLeads announced today the CY2020 results for the new planned industrial capital project spending report for the state of Indiana. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 243 new projects identified in Indiana during 2020.
The following are selected highlights on recent Indiana industrial construction news and manufacturing capital projects.
Planned Industrial Construction in Indiana by Project Type:
Manufacturing Facilities - 90 New Projects
Processing Facilities - 57 New Projects
Distribution and Industrial Warehouse - 92 New Projects
Power/Energy/Oil and Gas - 11 New Projects
Laboratory Facilities - 7 New Projects
Mine - 1 New Project
Data Center - 0 New Projects
Planned Industrial Construction in Indiana by Scope/Activity
New Construction - 85 New Projects
Expansion - 85 New Projects
Renovations/Equipment Upgrades - 104 New Projects
Relocations - 23 New Projects
Plant Closing - 14 New Projects
Opportunities - By Equipment Need
Air Emissions Control Equipment - 134
Compressed Air Systems - 219
Control Systems and Instrumentation - 125
Conveyors - 145
Floor Coatings - 142
Material Handling/Storage Equipment - 183
Mechanical Construction - 200
Packaging Equipment - 90
Process Equipment - 50
Tanks/Vessels - 38
Largest Planned Industrial Construction Projects in Indiana
During the year 2020, our research team identified 36 industrial construction projects in Indiana with an estimated value of $25 million or more.
The largest project is owned by Toyota Motor Manufacturing Indiana, Inc., who is planning to invest $700 million for an expansion and equipment upgrades of their manufacturing facility in PRINCETON, IN.
Top 10 Tracked Industrial Projects in Indiana
Pulaski County, IN
Renewable energy company is planning to invest $500 million for the construction of a 500 MW solar farm in PULASKI COUNTY, IN.
Automotive mfr. is planning to invest $400 million for an expansion and equipment upgrades on their manufacturing facility at 3660 US 31 in KOKOMO, IN.
Electric vehicle mfr. is planning to invest $300 million for the renovation and equipment upgrades on a 675,000 sf manufacturing facility in MISHAWAKA, IN. They are currently seeking approval for the project.
Pharmaceutical company is planning to invest $300 million for the construction of a processing and office facility in INDIANAPOLIS, IN. They have recently received approval for the project. Construction is expected to start in Summer 2021.
Personal care products mfr. is planning to invest $165 million for the construction of a 1.2 million sf manufacturing and distribution facility on Bethel Road in MOORESVILLE, IN.
Cold storage service provider is planning to invest $150 million for the construction of a 380,000 sf distribution center in LEBANON, IN. They have recently received approval for the project.
Energy company is planning to invest $128 million for the construction of a 150 MW solar farm on a 1,200 acre site in PETERSBURG, IN. Construction is expected to start in Summer 2021, with completion slated for 2023.
Global retail chain is planning for the construction of a 2 million sf distribution center in GREENFIELD, IN.
Lake County, IN
Renewable energy company is planning to invest $200 million for the construction of a 200 MW solar farm on a 1,400-acre site in LAKE COUNTY, IN. They are currently seeking approval for the project. Construction is expected to start in 2022.
Automobile mfr. is planning to invest $158 million for an expansion and equipment upgrades of their warehouse and manufacturing facility in LAFAYETTE, IN.
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: