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  • Posted On Friday, May 03, 2024 by Evan Lamolinara

    Constrapril24

    Research by Industrial SalesLeads’ experienced industrial market research team, shows 350 new planned industrial projects tracked during the month of April. Planned industrial project activity decreased 41% 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 - 108 New Projects

                Processing Facilities - 81 New Projects

                Distribution and Industrial Warehouse - 172 New Projects

                Power/Energy/Oil and Gas - 13 New Projects

                Laboratory Facilities - 12 New Projects

                Mine - 0 New Projects

                Terminal - 0 New Projects

                Pipeline - 0 New Projects           

    Planned Industrial Construction - By Scope/Activity

                New Construction - 170 New Projects

                Expansion - 78 New Projects

                Renovations/Equipment Upgrades - 108 New Projects

                Plant Closing - 18 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

                California - 23

                Texas - 21

                Illinois - 20

                Indiana - 20

                Ohio - 18

                Georgia - 17

                New York - 17

                Florida - 16

                North Carolina - 13

                Michigan - 11

    Largest Planned Industrial Construction Project

    During the month of April, our research team identified 39 new General Industrial facility construction projects with an estimated value of $100 million or more. 

    The largest project is owned by SK hynix America, who is planning to invest $4 billion for the construction of a 430,000 sf manufacturing and research facility at 1281 Win Hentschel Blvd. in WEST LAFAYETTE, IN. They are currently seeking approval for the project. Completion is slated for Fall 2028.

    Top 10 Tracked Industrial Construction Projects

    ONTARIO:

    Pharmaceutical company is planning to invest $2 billion for the construction of two processing facilities in TORONTO, ON. The project includes the renovation and equipment upgrades on their existing processing and laboratory facilities at the site. Completion is slated for 2027.

    LOUISIANA:

    Renewable energy company is planning to invest $1.2 billion for the construction of a methanol processing facility at Port of Caddo-Bossier in SHREVEPORT, LA. They are currently seeking approval for the project.

    NORTH CAROLINA:

    Biotechnology company is planning to invest an additional $1.2 billion for the expansion of their currently under-construction processing facility at 11751 Holly Springs New Hill Road in HOLLY SPRINGS, NC. Completion of the first phase is slated for Summer 2025.

    TEXAS:

    Specialty materials company is planning to invest $1 billion for the expansion of their manufacturing facility in LONGVIEW, TX. They are currently seeking approval for the project.

    WISCONSIN:

    Electric utility company is planning to invest $1 billion for the construction of a 625 MW natural gas-fired power plant in SUPERIOR, WI. They are currently seeking approval for the project.

    GEORGIA:

    Plastic recycling service provider is planning to invest $950 million for the construction of a 2.5 million sf processing and warehouse facility in THOMASTON, GA. They are currently seeking approval for the project. Construction is expected to start in 2025, with completion slated for 2027.

    IOWA:

    Dairy products mfr. is planning to invest $708 million for the construction of a 750,000 sf processing and warehouse facility in BOONE, IA. They are currently seeking approval for the project.

    OHIO:

    Automotive mfr. is planning to invest $700 million for the renovation and equipment upgrades on their manufacturing facilities in MARYSVILLE, OH, EAST LIBERTY, OH and ANNA, OH. They are currently seeking approval for the project.

     NEW YORK:

    Global online retailer is planning to invest $550 million for the construction of a 3.1 million sf distribution campus in NIAGARA, NY. They are currently seeking approval for the project.

     INDIANA:

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