• Posted On Wednesday, November 3, 2021 by Evan Lamolinara

    Construction Oct 21

    SalesLeads announced today the October 2021 results for the new planned capital project spending report for the new constructions. The Firm tracks North American planned industrial capital project activity for new construction projects. Research confirms 177 new construction projects.

    Planned new construction project activity is down 12% over the previous month.

    The following are selected highlights on new construction projects.

    New Constructions Project Type

                Distribution and Industrial Warehouse - 84 New Projects

                Laboratory Facilities - 5 New Projects

                Manufacturing Facilities - 32 New Projects

                Mining Facilities - 1 New Project

                Processing Facilities - 43 New Projects

                Power/Energy/Oil and Gas Facilities - 21 New Projects

               

    New Constructions Project Location (Top 10 States)

                California - 13

                Texas - 13

                New York - 10

                Florida - 9

                Virginia - 9

                Washington - 9

                Indiana - 8

                Connecticut - 6

                Iowa - 6

                Pennsylvania - 6

               

    Largest Planned Project

    During the month of October, our research team identified 20 new construction projects with an estimated value of $100 million or more.

    The largest project is owned by Ford Motor Company, who is planning to invest $5.8 billion for the construction of two EV automotive and battery manufacturing facilities in GLENDALE, KY. They are currently seeking approval for the project. Completion is slated for 2025 and 2026..

     

    Top 10 Tracked New Construction Projects

    LOUISIANA:

    Industrial gas mfr. is planning to invest $5 billion for the construction of a blue hydrogen processing complex in BURNSIDE, LA. They have recently received approval for the project. Completion is slated for 2026.

     

    NORTH DAKOTA:

    Renewable energy company is planning to invest $3 billion for the construction of a gas-to-liquid plant in TRENTON, ND. Construction is expected to start in early 2023.

     

    TEXAS:

    Renewable energy company is planning to invest $1 billion for the construction of a solar farm on a 7,000 acres site in JACK COUNTY, TX. They are currently seeking approval for the project. Construction is expected to start in 2023, with completion slated for early 2025.

     

    VIRGINIA:

    Medical supply mfr. is planning to invest $714 million for the construction of a manufacturing facility in WYTHEVILLE, VA. They have recently received approval for the project.

     

    SOUTH CAROLINA:

    Global retail chain is planning to invest $450 million for the construction of a 720,000 sf warehouse and distribution center in LYMAN, SC. Completion is slated for 2024.

     

    KENTUCKY:

    Food processing company is planning to invest $355 million for the construction of a 400,000 sf processing facility in BOWLING GREEN, KY. They are currently seeking approval for the project. Completion is slated for late 2023.

     

    KANSAS:

    Grain processing company is planning to invest $325 million for the construction of a soybean processing plant in CHERRYVALE, KS. Construction is expected to start in 2022, with completion slated for 2024.

     

    QUEBEC:

    Lithium-Ion battery mfr. is considering investing $300 million for the construction of a 400,000 sf manufacturing facility and currently seeking a site in the QUEBEC area.

     

    FLORIDA:

    Satellite mfr. is planning to invest $300 million for the construction of a 660,000 sf manufacturing facility in CAPE CANAVERAL, FL. Construction is expected to start in Summer 2022.

     

    WISCONSIN:

    Pharmaceutical company is planning to invest $250 million for the construction of a 108,000 sf laboratory, processing, and office campus in VERONA, WI. Construction is expected to start in late 2021, with completion slated for early 2023.

     

    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:


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