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  • Posted On Thursday, September 07, 2023 by Evan Lamolinara

    Constaug2023

    Research by SalesLeads’ experienced industrial market research team, shows 429 new planned industrial projects tracked during the month of August.

    Planned industrial project activity decreased 1% 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 - 152 New Projects

                Processing Facilities - 108 New Projects

                Distribution and Industrial Warehouse - 198 New Projects

                Power/Energy/Oil and Gas - 10 New Projects

                Laboratory Facilities - 13 New Projects

                Mine - 0 New Projects

                Terminal - 1 New Project

                Pipeline - 0 New Projects           

    Planned Industrial Construction - By Scope/Activity

                New Construction - 202 New Projects

                Expansion - 83 New Projects

                Renovations/Equipment Upgrades - 143 New Projects

                Plant Closing - 28 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

                New York - 25

                Texas - 24

                California - 23

                Ohio - 23

                Florida - 22

                Georgia - 21

                Indiana - 20

               Michigan - 18

                North Carolina - 18

                Pennsylvania - 16   

     

    Largest Planned Industrial Construction Project

    During the month of August, our research team identified 36 new General Industrial facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by RCT Solutions, who is planning to invest $3 billion for the construction of a manufacturing facility and is currently seeking a site in MANITOBA.

    Top 10 Tracked Industrial Construction Projects

    ILLINOIS:

    Battery technology company is planning to invest $2 billion for the construction of an EV battery manufacturing facility in MANTENO, IL. They are currently seeking approval for the project.

    LOUISIANA:

    Renewable energy company is planning to invest $2 billion for the construction of a methanol processing facility in PINEVILLE, LA. Construction is expected to start in late 2024, with completion slated for 2027.

    WEST VIRGINIA:

    Renewable energy company is planning to invest $2 billion for the construction of a hydrogen processing facility in POINT PLEASANT, WV. They are currently seeking approval for the project.

    NEW MEXICO:

    Solar panel mfr. is planning to invest $1 billion for the construction of a 2-million sf manufacturing, warehouse. and office complex in ALBUQUERQUE, NM. Construction is expected to start in early 2024.

    LOUISIANA:

    Solar panel mfr. is planning to invest $1 billion for the construction of a manufacturing and warehouse facility at Acadiana Regional Airport in NEW IBERIA, LA. They have recently received approval for the project. Completion is slated for Spring 2026.

    SOUTH CAROLINA:

    Municipality is planning to invest $537 million for an expansion, renovation and equipment upgrades on their water and wastewater treatment plant in FLORENCE, SC. They are currently seeking approval for the project. Construction will occur in 3 phases.

    TEXAS:

    Beverage contract processing and packaging company is planning to invest $452 million for the construction of 2 processing and distribution facilities in FORT WORTH, TX. They are currently seeking approval for the project.

    FLORIDA:

    Defense contractor is planning to invest $294 million for a 198,000 sf expansion and equipment upgrades on their manufacturing facility at 2400 Palm Bay Rd. NE in PALM BAY, FL. They are currently seeking approval for the project. 

    PENNSYLVANIA:

    Biotechnology company is planning to invest $260 million for the construction of an 80,000 sf processing, laboratory, and office campus in PHILADELPHIA, PA. The project includes the construction of a 150,000 sf co-working biotechnology and office facility at the site. They are currently seeking approval for the project.

    MISSISSIPPI:

    Wood pellet mfr. is planning to invest $250 million for the construction of a manufacturing facility in BOND, MS. They have recently received approval for the project. Completion is slated for Fall 2025.

    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.

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

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