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  • Posted On Tuesday, January 10, 2023 by Evan Lamolinara

    Constructiondec2022

    Research by IMI SalesLeads’ experienced industrial market research team, shows 486  new planned industrial projects tracked during the month of December.

    Planned industrial project activity increased 27% from the previous month.

    The following are selected highlights on new industrial construction news and project opportunities throughout North America.

    Planned Industrial Construction - By Project Type:

              Manufacturing Facilities - 163 New Projects

              Processing Facilities - 143 New Projects

              Distribution and Industrial Warehouse - 188 New Projects

              Power/Energy/Oil and Gas - 6 New Projects

              Laboratory Facilities - 19 New Projects

              Mine - 0 New Projects

              Terminal - 1 New Project

              Pipeline - 0 New Projects         

    Planned Industrial Construction - By Scope/Activity

              New Construction - 221 New Projects

              Expansion - 137 New Projects

              Renovations/Equipment Upgrades - 217 New Projects

              Plant Closing - 26 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

              Texas - 32

              New York - 30

              California - 27

              Florida - 24

              Michigan - 23

              Ohio - 23

              Indiana - 21

              North Carolina - 21

              Massachusetts - 19

              South Carolina - 19

    Largest Planned Industrial Construction Project

    During the month of December, our research team identified 26 new General Industrial facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Taiwan Semiconductor Manufacturing Company, who is planning to invest $12 billion for the construction of a manufacturing facility adjacent to their existing under-construction plant in PHOENIX, AZ. Completion is slated for 2024.

    Top 10 Tracked Industrial Construction Projects

    GEORGIA:

    Automotive mfr. is planning to invest $5 billion for the construction of an EV battery manufacturing facility in CARTERSVILLE, GA. They have recently received approval for the project. Completion is slated for 2025.

    TEXAS:

    Industrial gas mfr. is planning to invest $4 billion for the construction of a green hydrogen processing complex in WILBARGER COUNTY, TX. They are currently seeking approval for the project. Completion is slated for 2027.

    SOUTH CAROLINA:

    Battery component mfr. and recycling company is planning to invest $3.5 billion for the construction of a manufacturing, recycling, warehouse, and office complex in CHARLESTON, SC. Construction will occur in phases and is expected to start in early 2023.

    TENNESSEE:

    Chemical products mfr. is planning to invest $3.2 billion for the construction of a manufacturing facility in CLARKSVILLE, TN. They have recently received approval for the project. Construction is expected to start in early 2023, with completion slated for Summer 2025.

    TEXAS:

    Optical communication products mfr. is planning to invest $3 billion for the expansion of their manufacturing facility in SHERMAN, TX. Construction is expected to start in 2025, with completion slated for 2028.

    ARIZONA:

    Startup battery mfr. is planning to invest $1.2 billion for the construction of a manufacturing facility in TUCSON, AZ. They are currently seeking approval for the project.

    FLORIDA:

    Agricultural service provider is planning to invest $1 billion for the construction of multiple processing facilities in NORTHEAST FLORIDA.

    ALABAMA:

    Solar panel mfr. is planning to invest $1.1 billion for the construction of a 2.4 million sf manufacturing facility in TRINITY, AL. They are currently seeking approval for the project. Completion is slated for 2025. 

    MICHIGAN:

    Paper and packaging product mfr. is planning to invest $1 billion for the renovation and equipment upgrades on their manufacturing facility in ESCANABA, MI. They are currently seeking approval for the project.

    GEORGIA:

    Automotive component mfr. is planning to invest $926 million for the construction of a 1.2 million sf manufacturing facility in RICHMOND HILL, GA. They have recently received approval for the project. Construction is expected to start in early 2023, with completion slated for 2024.

    About IMI SalesLeads, Inc.

    Since 1959, IMI 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.

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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