• Posted On Tuesday, November 2, 2021 by Evan Lamolinara

    Food Oct 2021

    SalesLeads announced today the October 2021 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 59 new projects in the Food and Beverage sector.

    The following are selected highlights on new Food and Beverage industry construction news.

    Food and Beverage Project Type

                Processing Facilities - 46 New Projects

                Distribution and Industrial Warehouse - 15 New Projects

               

    Food and Beverage Project Scope/Activity

                New Construction - 26 New Projects

                Expansion - 16 New Projects

                Renovations/Equipment Upgrades - 19 New Projects

                Plant Closing - New Projects

     

    Food and Beverage Project Location (Top 10 States)

                Texas - 6

                Florida - 5

                Michigan - 4

                California - 4

                Ohio - 3

                Ontario - 3

                Virginia - 3

                Georgia - 3

                Indana - 2

                Wisconsin - 2

               

    Largest Planned Project

    During the month of October, our research team identified 9 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Leprino Foods, who is planning to invest $870 million for the construction of a processing facility in LUBBOCK, TX. They have recently received approval for the project.

     

    Top 10 Tracked Food and Beverage Projects

    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.

     

    MICHIGAN:

    Specialty food product mfr. is planning to invest $205 million for the expansion of their warehouse and processing facility in HOLLAND, MI. They have recently received approval for the project. Construction is expected to begin in late 2021.

     

    VIRGINIA:

    Fruit and vegetable juice supplier is planning to invest $121 million for the construction of a 2 million sf processing facility in FRANKLIN, VA. They are currently seeking approval for the project. Construction is expected to start in 2022.

     

    ALABAMA:

    Specialty beverage company is planning to invest $106 million for the renovation and equipment upgrades on a 100,000 sf processing facility at 36 Barber Ct. in HOMEWOOD, AL. They are currently seeking approval for the project.

     

    MISSISSIPPI:

    Food processing company is planning to invest $61 million for the expansion of their processing facility in VICKSBURG, MS. They have recently received approval for the project. Completion is slated for Summer 2022.

     

    TEXAS:

    Food processing company is planning to invest $58 million for a 40,000 sf expansion and equipment upgrades on their processing facility in SEGUIN, TX. They are currently seeking approval for the project.

     

    PENNSYLVANIA:

    Food bank is planning to invest $30 million for the construction of a 160,000 sf warehouse and distribution center on Diamond Station Rd. in EPHRATA, PA. They are currently seeking approval for the project.

     

    FLORIDA:

    Beverage bottling company is planning to invest $30 million for the renovation and equipment upgrades on a recently acquired 407,000 sf warehouse and distribution facility in WINTER HAVEN, FL. Completion is slated for Spring 2022.

     

    SOUTH DAKOTA:

    Food products mfr. is planning for a 100,000 sf expansion, renovation, and equipment upgrades on a recently acquired processing facility in BELLE FOURCHE, SD. They will relocate operations upon completion in Spring 2022.

     

    INDIANA:

    Pet food mfr. is planning to invest $18 million for the expansion and equipment upgrades on their processing facility at 2325 Union Pike in RICHMOND, IN. They have recently received approval for the project, with completion slated for 2023.

     

    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:


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