80 New Food and Beverage Industry Planned Project Reports - September 2022 Recap

IMI SalesLeads announced today the September 2022 results for the new planned capital project spending report for the Food and Beverage industry. The 80 new projects increased from August 2022 and also increased from September 2021.

The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 80 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 - 60 New Projects

            Distribution and Industrial Warehouse - 20 New Projects           

Food and Beverage Project Scope/Activity

            New Construction - 18 New Projects

            Expansion - 24 New Projects

            Renovations/Equipment Upgrades - 40 New Projects

            Plant Closing - 6 New Projects

Food and Beverage Project Location (Top 10 States)

            Michigan - 8

            Texas - 7

            Indiana - 6

            Florida - 4

            Ohio - 4

            Arizona - 3

            Colorado - 3

            New York - 3

            Wisconsin - 3

            Virginia - 3

Largest Planned Project

During the month of September, our research team identified 1 new Food and Beverage facility construction project with an estimated value of $100 million or more.

The largest project is owned by General Mills Inc., who is planning to invest $100 million for the expansion and equipment upgrades on their processing facility in WELLSTON, OH. They have recently received approval for the project.

Top 10 Tracked Food and Beverage Projects

MASSACHUSETTS:

Specialty food product mfr. is planning to invest $64 million for a 40,000 sf expansion and equipment upgrades at their processing facility in FALL RIVER, MA. They have recently received approval for the project.

ARKANSAS:

Bakery is planning to invest $49 million for a 91,000 sf expansion and equipment upgrades on their manufacturing facility in SPRINGDALE, AR. They are currently seeking approval for the project.

QUEBEC:

Beverage company is planning to invest $34 million for the expansion and equipment upgrades at their processing facility in LACHINE, QC. Completion is slated for Spring 2023.

WISCONSIN:

Specialty food products mfr. is planning for the renovation and equipment upgrades on a recently leased 341,000 sf processing facility at 9141 S. 13th St. in OAK CREEK, WI.

CONNECTICUT:

Ice cream mfr. is planning to invest $21 million for the expansion of their warehouse and processing facility in NEW BRITAIN, CT by 53,000 sf. They have recently received approval for the project.

TEXAS:

Foodbank is planning to invest $15 million for the renovation and equipment upgrades on an 80,000 sf warehouse and processing facility in FORT WORTH, TX. They are currently seeking approval for the project. Completion is slated for late 2023. 

NORTH CAROLINA:

Snack food mfr. is planning to invest $10 million for the renovation and equipment upgrades on a processing facility in GOLDSBORO, NC. They have recently received approval for the project.

CALIFORNIA:

Specialty ingredient mfr. is planning for a 25,000 sf expansion of their processing facility in CROWS LANDING, CA. They are currently seeking approval for the project.

MISSOURI:

Brewery is planning for the renovation of 21,000 sf of production, storage, and office space at 6021 W. US Hwy. 60 in REPUBLIC, MO. They have recently received approval for the project.

COLORADO:

Pet food mfr. is planning for the construction of a 15,000 sf processing facility in BOULDER, CO. They are currently seeking approval for the project.

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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