June 2022 reaches levels in New Industrial Manufacturing Planned Industrial Projects not seen since March 2022
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SalesLeads has announced the June 2022 results for the newly planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction, and significant equipment modernization projects. Research confirms 150 new projects in June 2022 as compared to March 2022 with 152 planned projects in the Industrial Manufacturing sector.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing – By Project Type
- Manufacturing/Production Facilities – 129 New Projects
- Distribution and Industrial Warehouse – 71 New Projects
Industrial Manufacturing – By Project Scope/Activity
- New Construction – 44 New Projects
- Expansion – 55 New Projects
- Renovations/Equipment Upgrades – 72 New Projects
- Plant Closings – 9 New Projects
Industrial Manufacturing – By Project Location (Top 10 States)
- Michigan – 15
- Indiana – 13
- Ohio – 12
- Texas – 9
- California – 8
- South Carolina – 7
- Kentucky – 5
- North Carolina – 5
- Virginia – 5
- Wisconsin – 5
Largest Planned Project
During the month of May, our research team identified 16 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.
The largest project is owned by GlobiTech, Inc., which is planning to invest $5 billion in the construction of a manufacturing facility in SHERMAN, TX. Construction is expected to start in late 2022. Completion is slated for 2025.
Top 10 Tracked Industrial Manufacturing Projects
OHIO:
Automotive mfr. is planning to invest $1.5 billion for expansion and equipment upgrades on their manufacturing facility in AVON LAKE, OH. They are currently seeking approval for the project.
OREGON:
Lithium battery mfr. is planning to invest $450 million in the construction of a manufacturing facility in REDMOND, OR. They are currently seeking approval for the project.
CONNECTICUT:
Semiconductor components mfr. is planning to invest $250 million for an expansion of its manufacturing facility in WILTON, CT. They are currently seeking approval for the project.
TENNESSEE:
Specialty food packaging products mfr. is planning to invest $200 million for expansion and equipment upgrades on their manufacturing facility in VONORE, TN. Completion is slated for late 2023.
OHIO:
A biotechnology company is expanding and planning to invest $150 million in the construction of a 350,000 SF laboratory and processing facility at 9885 Innovation Campus Way in NEW ALBANY, OH. They are currently seeking approval for the project.
GEORGIA:
Industrial equipment mfr. is planning to invest $140 million in the construction of a 650,000 SF warehouse and manufacturing facility in GAINESVILLE, GA. They are currently seeking approval for the project. Construction is expected to start in 2022. Completion is slated for late Summer 2024.
ARKANSAS:
A lumber company is expanding and planning to invest $131 million for the renovation and equipment upgrades on their manufacturing facility in WALDO, AR. Completion is slated for late 2024.
MONTANA:
A food production company is planning for the construction of meat, dairy, poultry processing, and warehouse complex in GREAT FALLS, MT. The project also includes the construction of a 20,000 distillery and production facility at the site. They are currently seeking approval for the project.
MISSOURI:
Automotive mfr. is planning to invest $95 million for expansion and equipment upgrades at their manufacturing facility in KANSAS CITY, MO. They have recently received approval for the project.
MICHIGAN:
Food safety products mfr. is planning to invest $70 million in the construction of a 175,000 SF manufacturing facility in LANSING, MI. Construction is expected to start in Fall 2022.
About SalesLeads, Inc.
Since 1959, 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.
