June 2024 Manufacturing Report

Industrial SalesLeads announced the June 2024 results for its capital project spending report in the Industrial Manufacturing sector. Our research team confirmed 164 new projects, compared with 147 in May and 110 in April, marking the third consecutive month of growth.

Industrial SalesLeads tracks North American planned industrial capital project activity including new construction, facility expansions, equipment modernization, and plant closings. Below are highlights from the June 2024 industrial manufacturing reports.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Projects by Type

• Manufacturing and Production Facilities: 148 new projects

• Distribution and Industrial Warehouses: 98 new projects

Projects by Scope

• New Construction: 45 projects

• Facility Expansions: 58 projects

• Renovations & Equipment Upgrades: 67 projects

• Plant Closings: 17 projects

Top States for Industrial Manufacturing Projects

• Indiana – 13

• Ohio – 11

• Tennessee – 10

• North Carolina – 9

• Ontario – 8

• Florida – 7

• California – 6

• Georgia – 6

• Illinois – 6

• Texas – 5

Largest Planned Project

In June, our research team identified 11 industrial manufacturing projects valued at $100 million or more. The largest is Eli Lilly & Company, which plans to invest $5 billion to expand its processing facility in Lebanon, IN. Approvals are pending; completion is expected in 2028.

Top 10 Tracked Industrial Manufacturing Projects

Mississippi
EV battery manufacturer investing $2 billion to build a new facility in Marshall County, MS. Approved. Completion in 2027.

North Carolina
Pharmaceutical company planning $1.5 billion expansion of its Clayton, NC processing facility. Approvals pending.

Alabama
Automotive manufacturer planning $282 million expansion in Huntsville, AL. Approvals pending.

Quebec
Trailer manufacturer investing $170 million in expansion, renovation, and upgrades at Saint-Georges, QC. Approvals pending.

Florida
Aircraft manufacturer planning $135 million for a laboratory, manufacturing, and testing facility in Jacksonville, FL. Approvals pending.

Texas
Steel company planning $110 million in renovations and upgrades at its Baytown, TX facility. Approvals pending.

New York
Pharmaceutical company planning $106 million 43,000-sf expansion with upgrades at its Rochester, NY facility. Approvals pending.

Kentucky
Aluminum products manufacturer investing $85 million to expand Henderson, KY facility by 80,000 sf. Approved. Completion in 2026.

Wisconsin
Biotech company investing $75 million for 50,000-sf expansion and upgrades in Milwaukee, WI. Construction begins Summer 2024, with completion slated for Summer 2026.

Mississippi
Defense technology company investing $75 million in expansion of its McHenry, MS facility. Approved.

About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL, has provided industrial capital project intelligence and prospecting services to help sales and marketing teams build scalable pipelines.

Our Industrial Market Intelligence (IMI) platform delivers insights on companies planning new construction, expansions, relocations, equipment upgrades, and plant closings. Our Outsourced Prospecting Services generate qualified meetings and appointments as an extension of your team.

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