« Back to Blog
  • Posted On Wednesday, April 03, 2024 by Evan Lamolinara

    Constmarch2024 (1)

    Research by SalesLeads’ experienced industrial market research team, shows 492 new planned industrial projects tracked during the month of March. Planned industrial project activity increased 17% from the previous month.

    The following are selected highlights on new industrial construction news and project opportunities throughout North America.

    Planned Industrial Construction - By Project Type:

                Manufacturing Facilities - 177 New Projects

                Processing Facilities - 118 New Projects

                Distribution and Industrial Warehouse - 202 New Projects

                Power/Energy/Oil and Gas - 18 New Projects

                Laboratory Facilities - 12 New Projects

                Mine - 1 New Project

                Terminal - 0 New Projects

                Pipeline - 0 New Projects           

    Planned Industrial Construction - By Scope/Activity

                New Construction - 233 New Projects

                Expansion - 106 New Projects

                Renovations/Equipment Upgrades - 161 New Projects

                Plant Closing - 29 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

                Texas - 40

                California - 25

                Indiana - 25

                New York - 25

                North Carolina - 24

                Michigan - 22

                Ohio - 21

                Florida - 19

                Illinois - 19

                Tennessee - 18   

    Largest Planned Industrial Construction Project

    During the month of March, our research team identified 46 new General Industrial facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Intel Corporation, who is investing $28 billion for the construction of a manufacturing and office campus in NEW ALBANY, OH. Completion is slated for late 2026.

    Top 10 Tracked Industrial Construction Projects

    SOUTH CAROLINA:

    EV battery mfr. is planning to invest $1.5 billion for the expansion of their manufacturing facility in FLORENCE, SC. They have recently received approval for the project. Completion is slated for 2027.

    OHIO:

    Steel mfr. is planning to invest $1.2 billion for the renovation and equipment upgrades on their manufacturing facility in MIDDLETOWN, OH. They are currently seeking approval for the project.

    MICHIGAN:

    Specialty glass and ceramic product mfr. is planning to invest $900 million for the construction of a solar component manufacturing facility in RICHLAND TOWNSHIP, MI. They are currently seeking approval for the project. Completion is slated for 2028.

    WASHINGTON:

    Steel company is considering investing $860 million for the construction of a manufacturing facility and currently seeking a site in WA. Watch SalesLeads for updates.

    INDIANA:

    Construction equipment mfr. is planning to invest $725 million for a 300,000 sf expansion and equipment upgrades on their manufacturing facility in LAFAYETTE, IN. They have recently received approval for the project. Completion is slated for late 2027.

    CALIFORNIA:

    Pharmaceutical company is planning to invest $562 million for the renovation and equipment upgrades on a 427,000 sf processing, laboratory, warehouse, and office facility at 1000 New Horizons Way in VACAVILLE, CA. They are currently seeking approval for the project.

    WISCONSIN:

    Biofuel mfr. is planning to invest $500 million for the renovation and equipment upgrades on their processing facility at W5289 Joe Turley Way in JEFFERSON, WI. They are currently seeking approval for the project.

    OHIO:

    Graphite product mfr. is planning to invest $435 million for the construction of a manufacturing facility in NILES, OH. They are currently seeking approval for the project.

    MICHIGAN:

    Hydrogen technology company is planning to invest $400 million for the construction of a processing facility in PLYMOUTH CHARTER TOWNSHIP, MI. They are currently seeking approval for the project. Construction is expected to start in Summer 2024.

    TEXAS:

    Global retail chain is planning to invest $350 million for the construction of a dairy processing facility in ROBINSON, TX. They have recently received approval for the project. Completion is slated for 2026.

    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:

     

     

What to learn more? Get in Touch

Latest Posts