Steady 5 Month Increase in New Food and Beverage Industry Planned Project with 79 New Projects for June 2023

IMI SalesLeads announced today the June 2023 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 79 new projects in the Food and Beverage sector as compared to 76 in May 2023.

The following are selected highlights on new Food and Beverage industry construction news.

Food and Beverage Project Type

          Processing Facilities - 53 New Projects

          Distribution and Industrial Warehouse - 28 New Projects         

Food and Beverage Project Scope/Activity

          New Construction - 22 New Projects

          Expansion - 27 New Projects

          Renovations/Equipment Upgrades - 37 New Projects

          Plant Closing - 1 New Project

Food and Beverage Project Location (Top 10 States)

          California - 7

          Minnesota - 6

          New York - 6

          Alabama - 4

          Indiana - 4

          Michigan - 3

          Ohio - 3

          Pennsylvania - 3

          Florida - 2

          Georgia - 2                    

Largest Planned Project

During the month of June, 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 Walmart, who is planning to invest $350 million for the renovation and equipment upgrades on their distribution center at 2200 7th Ave SW. in CULLMAN, AL. They are currently seeking approval for the project.

Top 10 Tracked Food and Beverage Projects

KANSAS:

Global retail chain is planning to invest $257 million for the construction of a 320,000 sf processing facility in OLATHE, KS. They are currently seeking approval for the project. Construction is expected to start in late 2023, with completion slated for 2025.

NEW YORK:

Food bank is planning to invest $99 million for the construction of a 200,000 sf warehouse, food prep, and office facility at 4832 Camp Rd. in HAMBURG, NY. They are currently seeking approval for the project. Construction is expected to start in Spring 2024 and they will relocate their operations upon completion.

WASHINGTON:

Grocery retailer is planning for the construction of a 1-million sf distribution center on Anderson Rd. in ELLENSBURG, WA. They are currently seeking approval for the project.

ALABAMA:

Frozen food mfr. is planning to invest $28 million for an expansion of their processing facility in MOBILE, AL. They have recently received approval for the project.

TEXAS:

Food products mfr. is planning for the renovation and equipment upgrades on a 540,000 sf processing and distribution facility in NORTHLAKE, TX. They are currently seeking approval for the project

GEORGIA:

Specialty ingredient mfr. is planning for the construction of a 160,000 sf processing facility at 5901 Technology Pkwy. in COLUMBUS, GA. They are currently seeking approval for the project.

KENTUCKY:

Hydroponic farming company is planning to invest $25 million for the renovation and equipment upgrades on their processing facility in FLORENCE, KY. They have recently received approval for the project.

NEW YORK:

Specialty food products mfr. is planning to invest $16 million for a 12,000 sf expansion and equipment upgrades on their processing facility at 75 Empire Dr. in WEST SENECA, NY. They are currently seeking approval for the project.

MINNESOTA:

Fresh produce grower is planning to invest $15 million for the renovation and equipment upgrades on their processing facility in MORRIS, MN. They have recently received approval for the project.

INDIANA:

Ice cream mfr. is planning to invest $13 million for the expansion of their processing and warehouse facility at 3426 N Wells St. in FORT WAYNE, IN by 58,000 sf. They are currently seeking approval for the project.

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. Visit us at salesleadsinc.com.

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