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  • Posted On Tuesday, February 01, 2022 by Evan Lamolinara

    Minnesota

    SalesLeads announced today the CY2021 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 106 new projects identified in Minnesota during 2021.

    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 - 37 New Projects

              Processing Facilities - 26 New Projects

              Distribution and Industrial Warehouse - 34 New Projects

              Power/Energy/Oil and Gas - 4 New Projects

              Laboratory Facilities - 3 New Projects

              Mine - 0 New Project

              Data Center - 0 New Project

       Planned Industrial Construction in Minnesota by Scope/Activity

              New Construction - 42 New Projects

              Expansion - 33 New Projects

              Renovations/Equipment Upgrades - 32 New Projects

              Relocations - 21 New Projects

              Plant Closing - 8 New Projects

    Opportunities - By Equipment Need

              Air Emissions Control Equipment - 58 

              Compressed Air Systems - 97

              Control Systems and Instrumentation - 64

              Conveyors - 60

              Floor Coatings - 63

              Material Handling/Storage Equipment - 75

              Mechanical Construction - 90

              Packaging Equipment - 41

              Process Equipment - 20

              Tanks/Vessels - 16

    Largest Planned Industrial Construction Projects in Minnesota

    During the year 2021, our research team identified 21 industrial construction projects in Minnesota with an estimated value of $25 million or more.

    The largest project is owned by Xcel Energy Inc., who is planning to invest $575 million for the construction of a 460 MW solar farm in BECKER, MN. They are currently seeking approval for the project.

    Top 10 Tracked Industrial Projects in Minnesota

    Cohasset, MN

    Specialty building products mfr. is planning to invest $440 million for the construction of an 800,000 sf manufacturing facility in COHASSET, MN. They are currently seeking approval for the project. Completion is slated for 2024.

    Hastings, MN

    Municipality is planning to invest $145 million for the construction of a wastewater treatment processing plant on Ravenna Trail in HASTINGS, MN. They are currently seeking approval for the project. Completion is slated for 2027.

    Zumbrota, MN

    Municipality is planning to invest $84 million for the construction of a wastewater treatment processing plant in ZUMBROTA, MN. They are currently seeking approval for the project.

    Mankato, MN

    Agricultural cooperative is expanding and planning to invest $60 million for the renovation and equipment upgrades on their processing facility in MANKATO, MN. Completion is slated for Summer 2023.

    Grace Township, MN

    Dairy company is planning to invest $60 million for the construction of a processing facility in GRACE TOWNSHIP, MN. They are currently seeking approval for the project.

    Bloomington, MN

    Semiconductor components mfr. is planning to invest $56 million for the expansion and equipment upgrades of their manufacturing facility in BLOOMINGTON, MN. They are currently seeking approval for the project.

    Duluth, MN

    Paper products mfr. is planning to invest $42 million for the renovation and equipment upgrades on a manufacturing facility in DULUTH, MN. They are currently seeking approval for the project.

    Albert Lea, MN

    Real estate development company is planning to invest $31 million for the construction of a 170,000 sf refrigerated warehouse and distribution facility in ALBERT LEA, MN. Construction is expected to start in Spring 2021, with completion slated for late 2021.

    Mountain Iron, MN

    Solar panel mfr. is planning to invest $29 million for the expansion of their manufacturing facility in MOUNTAIN IRON, MN by 70,000 sf. They have recently received approval for the project. Completion is slated for 2022.

    Big Lake, MN

    Boat mfr. is planning to invest $25.4 million for the construction of a 182,000 sf warehouse and manufacturing facility at 18040 US-10 in BIG LAKE, MN. They have recently received approval for the project. They will relocate operations upon completion. The site will allow for a future 50,000 sf expansion.

     

    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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