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Posted On Wednesday, October 6, 2021 by Evan Lamolinara
SalesLeads announced today the Q3-2021 results for the 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 455 new projects in the Industrial Manufacturing sector.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing - By Project Type
Manufacturing/Production Facilities - 405 New Projects
Distribution and Industrial Warehouse - 167 New Projects
Industrial Manufacturing - By Project Scope/Activity
New Construction - 153 New Projects
Expansion - 157 New Projects
Renovations/Equipment Upgrades - 175 New Projects
Plant Closings - 26 New Projects
Industrial Manufacturing - By Project Location (Top 10 States)
Texas - 34
Indiana - 32
North Carolina - 31
Michigan - 26
Ohio - 24
Pennsylvania - 22
Georgia - 19
Ontario - 18
Tennessee - 16
Wisconsin - 16
Largest Planned Project
During the 3rd quarter of 2021, our research team identified 41 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Samsung Electronics America, Inc., who is planning to invest $17 billion for the construction of a 6 million sf manufacturing facility in TAYLOR, TX. They are currently seeking approval for the project. Construction is expected to start in early 2022, with completion slated for late 2024.
Top 10 Tracked Industrial Manufacturing Projects
TENNESSEE: Ford Motor Company
Automotive mfr. is planning to invest $5.6 billion for the construction of an EV automotive and battery manufacturing campus in MEMPHIS, TN. They are currently seeking approval for the project. Completion is slate for 2025.
Anticipated Investment: $5,600,000,000
Reason Behind Expansion: Establish a new manufacturing facility
Tax Incentives: Undisclosed
TEXAS:
EV mfr. is considering investing $5 billion for the construction of a 12 million sf manufacturing facility and currently seeking a site in the FORT WORTH, TX area. Watch SalesLeads for updates.
Anticipated Investment: $5,000,000,000
Reason Behind Expansion: Establish a new manufacturing facility
Tax Incentives: $440,000,000
OHIO:
Steel company is considering investing $2.7 billion for the construction of a manufacturing facility and is currently seeking a site in the OHIO area. Watch SalesLeads for updates.
Anticipated Investment: $2,700,000,000
Reason Behind Expansion: Establish a new manufacturing facility
Tax Incentives: Undisclosed
ILLINOIS:
Global electronics mfr. is considering investing $2.6 billion for the construction of a EV battery manufacturing facility in the NORMAL, IL area. Watch SalesLeads for updates.
Anticipated Investment: $2,600,000,000
Reason Behind Expansion: Establish a new manufacturing facility
Tax Incentives: Undisclosed
NEW YORK:
Biotechnology company is planning to invest $1.8 billion for the expansion of their laboratory, processing, and office facility in TARRYTOWN, NY by 900,000 sf. Completion is slated for 2027.
Anticipated Investment: $1,800,000,000
Reason Behind Expansion: Expand capacity of their laboratory, processing, and office facility
Tax Incentives: $100,000,000
ARIZONA:
Battery cell developer is planning to invest $1 billion for the construction of a 1 million sf manufacturing facility in BUCKEYE, AZ. Construction is expected to start in late 2021, with completion slated for Spring 2023. Construction will occur in multiple phases.
Anticipated Investment: $1,000,000,000
Reason Behind Expansion: Establish a new manufacturing facility
Tax Incentives: Undisclosed
NEVADA:
Lithium ion battery recycling company is considering investing $1 billion for the construction of a 1 million sf manufacturing facility and currently seeking a site in the EASTERN NEVADA area. Watch SalesLeads for updates.
Anticipated Investment: $1,000,,000,000
Reason Behind Expansion: Establish a new manufacturing facility
Tax Incentives: Undisclosed
NORTH CAROLINA:
Biotechnology company is planning to invest $550 million for the construction of a processing facility in HOLLY SPRINGS, NC. They have recently received approval for the project.
Anticipated Investment: $550,000,000
Reason Behind Expansion: Establish a new processing facility
Tax Incentives: $11,612,000
GEORGIA:
Medical device mfr. is planning to invest $500 million for the expansion of their manufacturing, laboratory, office, and training complex in PEACHTREE CORNERS, GA by 750,000 sf. Construction will occur in multiple phases, with completion slated for 2024.
Anticipated Investment: $500,000,000
Reason Behind Expansion: Expand capacity of their manufacturing, laboratory, office, and training complex
Tax Incentives: Undisclosed
ONTARIO:
Steel company is planning to invest $420 million for the renovation and equipment upgrades on their manufacturing facility in SAULT STE. MARIE, ON. They have recently received approval for the project.
Anticipated Investment: $420,000,000
Reason Behind Expansion: Modernize equipment and renovation of their manufacturing facility
Tax Incentives: Undisclosed
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:
- Industrial Manufacturing
- Plastics
- Food and Beverage
- Metals
- Power Generation
- Pulp Paper and Wood
- Oil and Gas
- Mining and Aggregates
- Chemical
- Research and Development
- Distribution and Supply Chain
- Pipelines
- Pharmaceutical
- Industrial Buildings
- Waste Water Treatment
- Data Centers
