« Back to Blog
Posted On Tuesday, February 06, 2024 by Vince Antoine

North Carolina

SalesLeads announced today the CY2023 results for the new planned industrial capital project spending report for the state of North Carolina. The firm tracks North American planned industrial capital project activity, including facility expansions, new plant construction, and significant equipment modernization projects. Research confirms 436 new projects identified in North Carolina during 2023.

The following are selected highlights on recent NORTH CAROLINA industrial construction news and manufacturing capital projects.

Planned Industrial Construction in North Carolina by Project Type:

  • Manufacturing Facilities - 76 New Projects

  • Processing Facilities - 44 New Projects

  • Distribution and Industrial Warehouses - 81 New Projects

  • Power/Energy/Oil and Gas - 2 New Projects

  • Laboratory Facilities - 4 New Projects

Planned Industrial Construction in North Carolina by Scope/Activity:

  • New Construction - 120 New Projects

  • Expansion - 64 New Projects

  • Renovations/Equipment Upgrades - 243 New Projects

  • Relocations - 187 New Projects

  • Plant Closings - 15 New Projects

Opportunities - By Equipment Need:

  • Air Emissions Control Equipment - 98

  • Compressed Air Systems - 201

  • Control Systems and Instrumentation - 107

  • Conveyors - 132

  • Floor Coatings - 135

  • Material Handling/Storage Equipment - 151

  • Mechanical Construction - 201

  • Packaging Equipment - 80

  • Process Equipment - 38

  • Tanks/Vessels - 18

Largest Planned Industrial Construction Projects in North Carolina

During 2023, our research team identified 11 industrial construction projects in North Carolina with an estimated value of $100 million or more.

Largest Project of the Year:

  • Owner: Toyota Battery Manufacturing North Carolina

  • Investment: $8 billion

  • Facility: EV battery manufacturing facility expansion

  • Location: Liberty, NC

  • Estimated Completion: 2025

Top 10 Tracked Industrial Projects in North Carolina

  • Wilmington, NC: Battery material manufacturer is planning to invest $650 million for the construction of a 1.5 million square foot manufacturing campus in Wilmington, NC. Completion is slated for 2026.

  • Durham, NC: Pharmaceutical company is expanding and planning to invest $500 million for the construction of a manufacturing, processing, and office facility at 67 TW Alexander Drive in Durham, NC. Completion is slated for early 2026.

  • Greensboro, NC: Biotechnology company is planning to invest $458 million for renovation and equipment upgrades on a 210,000 square foot processing facility in Greensboro, NC.

  • Durham, NC: Pharmaceutical company is planning to invest $450 million for the expansion of their processing facility in Durham, NC. Completion is slated for 2027.

  • Linwood, NC: Printing and packaging company is planning to invest $233 million for the construction of a manufacturing facility in Linwood, NC. Completion is slated for 2026.

  • Lexington, NC: Railroad car manufacturer is planning to invest $220 million for the construction of a manufacturing facility in Lexington, NC. Completion is slated for early 2024.

  • Morrisville, NC: Battery manufacturer is planning to invest $165 million for the construction of a manufacturing facility in Morrisville, NC. They are currently seeking approval for the project. Completion is slated for 2026.

  • Castalia, NC: Energy company is planning to invest $143 million for the construction of a 78 MW solar farm in Castalia, NC. They are currently seeking approval for the project. Completion is slated for late 2025.

  • Greensboro, NC: Data center service provider is planning to invest $130 million for the renovation of a 115,000 square foot office facility in Greensboro, NC.

  • Lincolnton, NC: Industrial equipment manufacturer is planning to invest $130 million for the expansion of their warehouse and manufacturing facility in Lincolnton, NC by 325,000 square feet.

About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL, has been a leader in delivering industrial capital project intelligence, industrial project reports, and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence 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:

What to learn more? Get in Touch

Latest Posts

Get In Touch