SalesLeads announced today the CY2020 results for the new planned industrial capital project spending report for the state of Minnesota. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 105 new projects identified in Minnesota during 2020.
The following are selected highlights on recent Minnesota industrial construction news and manufacturing capital projects.
Planned Industrial Construction in Minnesota by Project Type:
Manufacturing Facilities - 25 New Projects
Processing Facilities - 34 New Projects
Distribution and Industrial Warehouse - 43 New Projects
Power/Energy/Oil and Gas - 1 New Project
Laboratory Facilities - 6 New Projects
Mine - 0 New Projects
Data Center - 2 New Projects
Planned Industrial Construction in Minnesota by Scope/Activity
New Construction - 52 New Projects
Expansion - 29 New Projects
Renovations/Equipment Upgrades - 27 New Projects
Relocations - 15 New Projects
Plant Closing - 6 New Projects
Opportunities - By Equipment Need
Air Emissions Control Equipment - 50
Compressed Air Systems - 91
Control Systems and Instrumentation - 43
Conveyors - 57
Floor Coatings - 74
Material Handling/Storage Equipment - 78
Mechanical Construction - 93
Packaging Equipment - 38
Process Equipment - 30
Tanks/Vessels - 21
Largest Planned Industrial Construction Projects in Minnesota
During the year 2020, our research team identified 7 industrial construction projects in Minnesota with an estimated value of $25 million or more.
The largest project is owned by Granite Digital Realty, LLC, who is planning to invest $99 million for the construction of a 56,000 sf data center in INTERNATIONAL FALLS, MN.
Top 10 Tracked Industrial Projects in Minnesota
Cold Spring, MN
Poultry processing company is planning to invest $75 million for the expansion of their processing facility in COLD SPRING, MN by 50,000 sf.
Meat processing company is expanding and planning to invest $30 million for the construction of a 200,000 sf refrigerated warehouse in WORTHINGTON, MN.
Specialty food products mfr. is planning to invest $26 million for an expansion of their processing facility at 601 Third Ave. W. in ALEXANDRIA, MN.
Sleepy Eye, MN
Pet food mfr. is planning for the renovation and equipment upgrades on a 215,000 sf processing facility in SLEEPY EYE, MN.
Global online retailer is planning for the construction of a 750,000 sf distribution center in LAKEVILLE, MN. Completion is slated for late Summer 2021.
Precast concrete products mfr. is investing $23 million for the expansion of their processing facility in WANAMINGO, MN by 19,000 sf.
Municipality is planning to invest $20 million for the construction of a wastewater treatment processing plant in WORTHINGTON, MN. Construction is expected to start in Spring 2021, with completion slated for 2023.
Automotive components mfr. is planning to invest $15 million for the expansion of their distribution facility on Bridge Street in OWATONNA, MN by 266,000 sf.
Aerospace components mfr. is planning to invest $14 million for a 28,000 sf expansion and equipment upgrades of their manufacturing facility in MANKATO, MN.
Metal fabricator is planning to invest $12 million for an expansion of their manufacturing facility in WINSTED, MN.
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: