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  • Posted On Tuesday, September 03, 2024 by Evan Lamolinara

    Constaug24

    Research by Industrial SalesLeads’ experienced industrial market research team, shows 493 new planned industrial projects tracked during the month of August. Planned industrial project activity increased 23% 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 - 162 New Projects

                Processing Facilities - 118 New Projects

                Distribution and Industrial Warehouse - 232 New Projects

                Power/Energy/Oil and Gas - 14 New Projects

                Laboratory Facilities - 15 New Projects

                Mine - 0 New Projects

                Terminal - 0 New Projects

                Pipeline - 0 New Projects

               

    Planned Industrial Construction - By Scope/Activity

                New Construction - 193 New Projects

                Expansion - 136 New Projects

                Renovations/Equipment Upgrades - 171 New Projects

                Plant Closing - 30 New Projects

     

    Planned Industrial Construction - By Location (Top 10 States)

                Texas - 32

                New York - 31

                Ohio - 27

                California - 26

                Michigan - 24

                Indiana - 22

                Ontario - 21

                Georgia - 20

                Florida - 19

                North Carolina - 16

    Largest Planned Industrial Construction Project

    During the month of August, our research team identified 31 new General Industrial facility construction projects with an estimated value of $100 million or more. 

    The largest project is owned by DG Fuels., who is planning to invest $5 billion for the construction of a processing facility in PHELPS COUNTY, NE. They are currently seeking approval for the project. Completion is slated for 2030.

    Top 10 Tracked Industrial Construction Projects

    NORTH CAROLINA:

    Startup battery mfr. is planning to invest $1.4 billion for the construction of a 1.2 million sf manufacturing facility in ROCKY MOUNT, NC. They are currently seeking approval for the project.

    QUEBEC:

    Aerospace company is planning to invest $1.2 billion for the expansion of their manufacturing facility in MIRABEL, QC. They have recently received approval for the project.

    NEW MEXICO:

    Solar cell mfr. is planning to invest $942 million for the construction of a 834,000 sf manufacturing facility in ALBUQUERQUE, NM. They are currently seeking approval for the project. Construction is expected to start in late 2024.

    TEXAS:

    Energy company is planning to invest $800 million for the construction of a 900 MW natural gas-fired power plant in NAPLES, TX. They are currently seeking approval for the project. Construction is expected to start in Summer 2026, with completion slated for 2029.

    MICHIGAN:

    Chemical company is planning to invest $785 million for the renovation and equipment upgrades on their processing facilities in MIDLAND, MI and AUBURN, MI. They are currently seeking approval for the project.

    SOUTH DAKOTA:

    Food processing company is planning to invest $750 million for the construction of a 700,000 sf processing and warehouse facility in SIOUX FALLS, SD. They have recently received approval for the project.

    ONTARIO:

    Municipality is planning to invest $543 million for the construction of a water treatment plant in HAMILTON, ON. They are currently seeking approval for the project.

    SOUTH CAROLINA:

    Electric utility service provider is planning to invest $470 million for the expansion of their power plant in IVA, SC. They are currently seeking approval for the project. Construction is expected to start in 2025, with completion slated for early 2028.

    WEST VIRGINIA:

    Renewable energy company is planning to invest $386 million for the construction of a 150 MW solar farm in SUMMERSVILLE, WV. They have recently received approval for the project.

     INDIANA:

    Steel company is planning to invest $300 million for the renovation and equipment upgrades on their manufacturing facility in GARY, IN. They are currently seeking approval for the project.

    About Industrial SalesLeads, Inc.

    Since 1959, Industrial 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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