SalesLeads announced today the CY 2020 results for 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 1,650 new projects in the Industrial Manufacturing sector identified in 2020.
Planned industrial project activity within the sector decreased by 7% from the previous year.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing - By Project Type
Manufacturing/Production Facilities – 1,432 New Projects
Distribution and Industrial Warehouse - 774 New Projects
Industrial Manufacturing - By Project Scope/Activity
New Construction - 474 New Projects
Expansion - 562 New Projects
Renovations/Equipment Upgrades - 741 New Projects
Plant Closing - 141 New Projects
Industrial Manufacturing - By Project Location (Top 10 States)
Ohio - 112
North Carolina - 101
Indiana - 95
Texas - 87
New York - 87
California - 81
Michigan - 73
South Carolina - 66
Pennsylvania - 62
Florida - 60
YOY Growth by State
Research shows that California had the highest increase of Industrial Manufacturing projects tracked, with 17% more projects identified than in 2019. Conversely, Michigan showed the largest decline of projects tracked, with a 55% decline compared to 2019.
Most Active Month
Research shows that the most active month was September, where 154 new Industrial Manufacturing project opportunities were identified.
Largest Month to Month Increase in Projects Tracked
Research shows that there was a 12% increase in new projects tracked from April 2020 to May 2020. Conversely, Feb-Mar showed the largest month to month decline; with 144 new projects in February and 112 in March.
Opportunities - By Equipment Need
Manufacturing Equipment - 1165
Air Emissions Control Equipment - 1439
Compressed Air Systems - 1439
Control Systems and Instrumentation - 1221
Conveyors - 1341
Cranes and Hoists - 1133
Floor Coatings - 884
Material Handling/Storage Equipment - 1488
Packaging Equipment - 1242
Equipment Relocation - 234
Largest Planned Project
During the year 2020, our research team identified 61 new Industrial Manufacturing facility construction projects with an estimated value of $100 million of more.
The largest project is owned by Taiwan Semiconductor Manufacturing Company Ltd., who is planning to invest $12 billion for the construction of a manufacturing facility and currently seeking a site in PHOENIX, AZ. Construction is expected to start in 2021.
Top 12 Largest Industrial Manufacturing Projects
Automotive mfr. is planning to invest $3 billion for the renovation and equipment upgrades of their manufacturing facility in DETROIT, MI.
Steel company is planning to invest $300 million for an expansion and equipment upgrades on their manufacturing facility in HUGER, SC.
Specialty packaging mfr. is investing $147 million for the construction of a 327,000 sf manufacturing facility at 1318 Commonwealth Boulevard in BOWLING GREEN, KY.
Aerospace company is investing $300 million for the construction of an office and manufacturing complex in MELBOURNE, FL.
Semiconductor products mfr. is planning to invest $12 billion for the construction of a manufacturing facility and currently seeking a site in PHOENIX, AZ. Construction is expected to start in 2021.
Biotechnology company is investing $163 million for a 70,000 sf expansion and equipment upgrades of their manufacturing facilities in AUBURN, AL.
Lithium-ion battery mfr. is planning to invest $940 million for the construction of a 430,000 sf manufacturing facility at their manufacturing complex in COMMERCE, GA.
Automotive mfr. is planning to invest $830 million for the expansion of their manufacturing facility in HUNTSVILLE, AL.
Automotive mfr. is expanding and investing $700 million for the construction of a 500,000 sf manufacturing facility at their manufacturing complex in DEARBORN, MI.
Automotive mfr. is planning to invest $2 billion for the renovation and equipment upgrades on their manufacturing facility in SPRING HILL, TN.
Automotive mfr. is planning to invest $1.4 billion for the renovation and equipment upgrades on their manufacturing facilities in OSHAWA, ST. CATHERINES, and WOODSTOCK, ON.
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.
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: