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  • Posted On Tuesday, May 10, 2022 by Evan Lamolinara

    Foodapril22

    Industrial SalesLeads, IMI announced today the April 2022 results for the new planned capital project spending report for the Food and Beverage industry. IMI tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 66 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 - 54 New Projects

              Distribution and Industrial Warehouse - 17 New Projects

    Food and Beverage Project Scope/Activity

              New Construction - 20 New Projects

              Expansion - 21 New Projects

              Renovations/Equipment Upgrades - 22 New Projects

              Plant Closing - 7 New Projects

    Largest Planned Project

    During the month of April, our research team identified 5 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Jack Link's, who is planning to invest $450 million for the construction of a processing facility at 720 Perry Pkwy. in PERRY, GA. Completion is slated for late 2023.

    Food and Beverage Project Location (Top 10 States)

              New York - 8

              Virginia - 6

              South Carolina - 5

              Illinois - 4

              Kentucky - 4

              Maryland - 3

              Ohio - 3

              Pennsylvania - 3

              Texas - 3

              Florida - 2

              Kansas - 2

    Top 10 Tracked Food and Beverage Projects

    ALABAMA:

    Poultry processing company is planning to invest $208 million for the construction of a 121,000 sf processing facility in HANCEVILLE, AL. Completion is slated for Summer 2023.

    ILLINOIS:

    Fresh produce company is planning to invest $60 million for the construction of a 220,000 sf processing and storage facility at 1924 W. 46th St. in NEW CITY, IL. They are currently seeking approval for the project.

    ONTARIO:

    Food industry redistributor is planning to invest $39 million for the construction of a 127,000 sf warehouse and distribution center in INGERSOLL, ON. They have recently received approval for the project. Completion is slated for 2023. The site will allow for a future 375,000 sf expansion.

    TEXAS:

    Frozen ice treat mfr. is planning to invest $30 million for the construction of a 42,000 sf processing facility in LOCKHART, TX. They are currently seeking approval for the project.

    CALIFORNIA:

    Seed processing company is planning to invest $27 million for an expansion of their warehouse and processing facility in WOODLAND, CA. They have recently received approval for the project.

    MARYLAND:

    Beverage company is planning for the construction of a 600,000 sf processing facility in SPARROWS POINT, MD. They are currently seeking approval for the project. Completion is slated for Spring 2023.

     PENNSYLVANIA:

    Brewery is planning to invest $25 million for the renovation and equipment upgrades on a recently leased 250,000 sf production facility on Sathers Dr. in PITTSTON TOWNSHIP, PA. Completion is slated for Spring 2023.

    KENTUCKY:

    Pet food mfr. is planning to invest $15 million for an expansion of their processing facility on Turner Court in BOWLING GREEN, KY. They are currently seeking approval. Completion is slated for early 2025.

    NEW YORK:

    Foodbank is planning to invest $13 million for the construction of a 40,000 sf warehouse and distribution center in MONTGOMERY, NY. They have recently received approval for the project. Completion is slated for 2024.

     SOUTH CAROLINA:

    Specialty food products mfr. is planning to invest $12 million for an expansion of their warehouse and processing facility in SALUDA, SC. They have recently received approval for the project. Completion is slated for late 2022.

     

    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.

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