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  • Posted On Wednesday, December 04, 2024 by Evan Lamolinara

    Const Nov 24

    Industrial SalesLeads' expert market research team has identified 425 new planned industrial projects in November 2024. This marks a 2% increase in project activity compared to the previous month, underscoring robust growth and sustained investment within the sector.

    Here are highlights of recent industrial construction developments and emerging project opportunities across North America, reflecting the dynamic growth and investment trends shaping the sector.

    Planned Industrial Construction - By Project Type:

              Manufacturing Facilities - 137 New Projects

              Processing Facilities - 128 New Projects

              Distribution and Industrial Warehouse - 183 New Projects

              Power/Energy/Oil and Gas - 13 New Projects

              Laboratory Facilities - 25 New Projects

              Mine - 0 New Projects

              Terminal - 0 New Projects

              Pipeline - 0 New Projects

    Planned Industrial Construction - By Scope/Activity

              New Construction - 178 New Projects

              Expansion - 90 New Projects

              Renovations/Equipment Upgrades - 173 New Projects

              Plant Closing - 26 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

              California - 28

              Texas - 27

              Ohio - 25

              New York - 23

              Indiana - 19

              Florida - 18

              Michigan - 16

              South Carolina - 16

              Pennsylvania - 15

              Illinois - 14

    Largest Planned Industrial Construction Project

    In November, our research team identified 46 new General Industrial facility construction projects, each with an estimated value of $100 million or more, signaling business investment and expansion in the sector.

    The largest project is owned by Citroniq Chemicals, who is planning to invest $7.5 billion for the construction of a processing facility in FALLS CITY, NE. They are currently seeking approval for the project. Completion is slated for 2029.

    Top 10 Tracked Industrial Construction Projects

    ALBERTA:

    Energy company is planning to invest $6.2 billion for the construction of a processing facility in WOOD BUFFALO, AB. They are currently seeking approval for the project.

    MINNESOTA:

    Renewable fuel mfr. is planning to invest $5 billion for the construction of a processing facility in MOORHEAD, MN. They are currently seeking approval for the project. Completion is slated for 2030.

    NORTH CAROLINA:

    Specialty cold storage and transportation service provider is planning to invest $1.5 billion for the construction of a cold storage and warehouse complex at Wilmington International Airport in WILMINGTON, NC. They are currently seeking approval for the project.

    FLORIDA:

    Solid waste authority is considering investing $1.5 billion for the construction of a waste-to-energy processing facility and is currently seeking a site in Western PALM BEACH COUNTY, FL.

    KENTUCKY:

    Battery storage mfr. is planning to invest $712 million for the renovation and equipment upgrades on a 1-million sf manufacturing facility at 139 Logistics Dr. in SHELBYVILLE, KY. They have recently received approval for the project. Completion is slated for late 2025.

    GEORGIA:

    Paper towel and tissue mfr. is planning to invest $600 million for the expansion and equipment upgrades on their manufacturing facility in MACON, GA. They are currently seeking approval for the project.

    OHIO:

    Recycled paper products mfr. is planning to invest $600 million for the construction of a manufacturing and warehouse facility on Olive Rd. in DAYTON, OH. They are currently seeking approval for the project.

    MISSOURI:

    EV battery materials mfr. is planning to invest $574 million for the construction of a processing facility in ST. LOUIS, MO. They are currently seeking approval for the project. Construction is expected to start in 2025, with completion slated for 2026.

    ARKANSAS:

    Wood products mfr. is planning to invest $500 million for the construction of a manufacturing facility in MONTICELLO, AR. They are currently seeking approval for the project. Construction is expected to start in 2025, with completion slated for 2027.

    CALIFORNIA

    Cement mfr. is planning to invest $500 million for the expansion, renovation, and equipment upgrades on their processing facility in LEBEC, CA. 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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