SalesLeads announced today the CY2020 results for the new planned industrial capital project spending report for the state of Tennessee. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 147 new projects identified in Tennessee during 2020.
The following are selected highlights on recent Tennessee industrial construction news and manufacturing capital projects.
Planned Industrial Construction in Tennessee by Project Type:
Manufacturing Facilities - 52 New Projects
Processing Facilities - 27 New Projects
Distribution and Industrial Warehouse - 75 New Projects
Power/Energy/Oil and Gas - 0 New Projects
Laboratory Facilities - 4 New Projects
Mine - 0 New Projects
Data Center - 1 New Project
Planned Industrial Construction in Tennessee by Scope/Activity
New Construction - 47 New Projects
Expansion - 43 New Projects
Renovations/Equipment Upgrades - 74 New Projects
Relocations - 20 New Projects
Plant Closing - 9 New Projects
Opportunities - By Equipment Need
Air Emissions Control Equipment - 69
Compressed Air Systems - 129
Control Systems and Instrumentation - 72
Conveyors - 89
Floor Coatings - 71
Material Handling/Storage Equipment - 113
Mechanical Construction - 116
Packaging Equipment - 53
Process Equipment - 22
Tanks/Vessels - 15
Largest Planned Industrial Construction Projects in Tennessee
During the year 2020, our research team identified 35 industrial construction projects in Tennessee with an estimated value of $25 million or more.
The largest project is owned by General Motors, who is planning to invest $2 billion for the renovation and equipment upgrades on their manufacturing facility in SPRING HILL, TN.
Top 10 Tracked Industrial Projects in Tennessee
Paper and personal care products mfr. is planning to invest $300 million for the renovation and equipment upgrades on their warehouse and manufacturing facility in KINGSPORT, TN.
Bakery company is planning to invest $225 million for an expansion and equipment upgrades of their processing facility on Apison Pike in COLLEGEDALE, TN.
Global shipping company is expanding and planning to invest $217 million for the construction of a 268,000 sf warehouse and distribution facility at 3675 Swinnea Rd. in MEMPHIS, TN. Completion is slated for early 2022.
Diversified food products mfr. is planning to invest $106 million for a 65,000 sf expansion and equipment upgrades on their processing facility in JACKSON, TN.
Snack food mfr. is planning to invest $100 million for an expansion and equipment upgrades at their warehouse and processing facility in PULASKI, TN. Construction is expected to start in early 2021, with completion slated for early 2022.
Automotive components mfr. is planning to invest $95 million for an expansion of their manufacturing facilities on Hickory Valley Rd. and on Ferdinand Piech Way in CHATTANOOGA, TN.
Automotive parts mfr. is planning to invest $87 million for the expansion of their manufacturing facility in LEWISBURG, TN by 236,000 sf. Completion is slated for Summer 2021.
Global logistics company is planning to invest $86 million for the construction of a 971,000 sf distribution center in MEMPHIS, TN.
Packaging products mfr. is planning to invest $85 million for the construction of a manufacturing facility in CHATTANOOGA, TN. Construction is expected to start in early 2021, with completion slated for early 2022.
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.
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: