January 2025 Manufacturing Project Report

Industrial SalesLeads has released the January 2025 results for its Industrial Manufacturing capital project spending report. Our research team tracks and analyzes planned industrial capital projects across North America — from new plant construction and facility expansions to equipment upgrades and modernizations.

Key stat: 129 new industrial manufacturing projects were confirmed in January 2025, holding steady after a strong finish to 2024.

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

Projects by Type

• Manufacturing / Production Facilities: 116 new projects

• Distribution & Industrial Warehouses: 83 new projects

Manufacturing Facility – A plant or factory where raw materials are transformed into finished products, typically involving machinery, labor, and supply chain support.

Projects by Scope and Activity

• New Construction: 37 new projects

• Expansions: 39 new projects

• Renovations / Equipment Upgrades: 56 new projects

• Plant Closings: 19 projects

Q: What is considered an equipment upgrade?
A: An equipment upgrade means replacing or modernizing machinery to improve efficiency, capacity, or compliance. These projects often indicate strong reinvestment by existing facilities.

Top 10 States for Industrial Manufacturing Projects

1. New York – 16 projects

2. North Carolina – 12 projects

3. Ohio – 11 projects

4. Indiana – 9 projects

5. Michigan – 7 projects

6. Missouri – 6 projects

7. Pennsylvania – 6 projects

8. Tennessee – 6 projects

9. Wisconsin – 6 projects

10. California – 5 projects

Capital Project – A large, long-term investment such as construction of new facilities, expansions, or modernization initiatives requiring substantial capital expenditure.

Largest Planned Project in January

Hyundai-Steel America, Inc. is planning to invest $7 billion to build a new manufacturing facility in New Orleans, LA.

• Approval is pending.

• Construction expected to start in 2026.

• Completion projected for 2029.

This single megaproject underscores continued demand in heavy manufacturing and steel production, a sector closely tied to infrastructure and automotive supply chains.

Top 10 Tracked Projects in January 2025

New York:

• Semiconductor manufacturer planning a $575M laboratory and plant in Malta, NY, plus $186M renovations to an existing site.

South Carolina:

• Aggregate supplier launching a $450M statewide initiative across six counties, including both new construction and expansions.

North Carolina:

• Aerospace component manufacturer committing $285M to expand and upgrade its Asheville facility.

Iowa:

• Paper products manufacturer investing $260M in a 900,000 sq. ft. manufacturing and warehouse facility in Waterloo, IA.

Utah:

• Utility structure manufacturer planning a $200M greenfield manufacturing facility in Brigham City, UT.

South Carolina:

• Energy equipment company investing $160M to expand in Greenville, SC.

Ohio:

• Steel company announcing a $130M expansion in Delta, OH, expected to complete in 2027.

Utah:

• Fuel cell manufacturer investing $99M for expansion and equipment upgrades in North Salt Lake, UT.

Pennsylvania:

• Semiconductor manufacturer planning a $79M expansion in Easton, PA.

Missouri:

• Electrical parts manufacturer launching a $74M expansion in Columbia, MO, adding 58,000 sq. ft.

Why This Matters

Industrial capital project tracking is more than just numbers. Each project represents:

• New opportunities for equipment suppliers and contractors

• Growth indicators for local and regional economies

• Lead generation opportunities for B2B sales teams

Q: How do companies use project reports?
A: Manufacturers, contractors, and suppliers use reports like these to identify upcoming opportunities early, giving sales teams a first-mover advantage in securing contracts and building relationships.

About Industrial SalesLeads

Since 1959, Industrial SalesLeads has been the trusted source for industrial capital project intelligence. Based in Jacksonville, FL, we provide sales and marketing teams with data they need to build predictable, scalable pipelines.

• Industrial Market Intelligence (IMI): Timely insights on companies planning new construction, expansions, relocations, upgrades, and closures.

• Outsourced Prospecting Services: An extension of your sales team, delivering qualified meetings and appointments.

Every month, we publish 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
• Misc. Industrial Buildings
• Waste Water Treatment
• Data Centers