Research by Industrial SalesLeads confirmed 407 new planned industrial projects in February 2024, an increase of 9 percent over January’s 369 projects. This growth highlights continued momentum across manufacturing, processing, distribution, and energy sectors. The following are selected highlights on new industrial construction news and project opportunities throughout North America.
Projects by Type
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Manufacturing Facilities: 147
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Processing Facilities: 112
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Distribution and Industrial Warehouses: 159
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Power, Energy, Oil and Gas: 13
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Laboratory Facilities: 14
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Mines: 1
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Terminals: 1
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Pipelines: 0
Projects by Scope
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New Construction: 173
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Expansions: 95
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Renovations and Equipment Upgrades: 149
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Plant Closings: 27
Top 10 States for Industrial Projects
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Texas 26
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California 23
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Ohio 22
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New York 21
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Indiana 20
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Georgia 19
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Michigan 19
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Florida 18
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North Carolina 17
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Pennsylvania 15
Largest Planned Project
In February, the research team identified 30 new industrial projects valued at 100 million dollars or more. The largest is led by Micron Technology Inc., which plans to invest 100 billion dollars to build a 7.2 million square foot manufacturing complex in Clay, New York. Construction will occur in phases with completion slated for 2030.
Top 10 Industrial Construction Projects
New York
Semiconductor manufacturer investing 12 billion dollars to build a 358,000 square foot facility in Malta, New York. Includes expansion of existing plant. Construction begins in 2025.
Louisiana
Methanol producer investing 3 billion dollars in a new processing facility at the Port of Lake Charles. Construction begins Summer 2024 with completion in 2027.
North Dakota
Mining company investing 2 billion dollars in an iron manufacturing facility in Underwood, North Dakota. Approved.
Washington
Energy infrastructure company investing 1 billion dollars to repurpose a former smelter site into a green hydrogen plant in Ferndale, Washington. Approvals pending.
Alberta
Petrochemical company planning 600 million dollars for a processing facility in Valleyview, Alberta. Construction expected in 2026.
New York
EV manufacturer investing 500 million dollars to expand its facility in Buffalo, New York. Approvals pending.
South Carolina
Battery manufacturer investing 500 million dollars for a 500,000 square foot facility in Greenville, South Carolina. Construction begins in 2025 with completion in 2027.
Florida
Clean hydrogen and solar company investing 450 million dollars for a hydrogen processing and solar panel manufacturing facility in Kissimmee, Florida. Construction begins Summer 2024 with completion in 2027.
Iowa
Renewable energy company investing 450 million dollars to build a wind farm in Henry County, Iowa. Approvals pending.
Georgia
Solar glass and recycling company investing 344 million dollars in a new manufacturing facility in Cedartown, Georgia. Completion expected in 2026.
About Industrial SalesLeads, Inc.
Since 1959, Industrial SalesLeads has delivered industrial capital project intelligence and prospecting services to help sales and marketing teams build predictable pipelines.
Our Industrial Market Intelligence platform provides 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:
- Industrial Manufacturing
- Plastics
- Food and Beverage
- Metals
- Power Generation
- Pulp Paper and Wood
- Oil and Gas
- Mining and Aggregates
- Chemical
- Research and Development
- Distribution and Supply Chain
- Pipelines
- Pharmaceutical
- Industrial Buildings
- Waste Water Treatment
- Data Centers
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