Indiana Industrial Construction Project and Manufacturing Capex Activity - 2020 Recap

In 2020, Indiana solidified its position as a hub for industrial construction and manufacturing capital expenditure (CapEx) activity. Despite the challenges posed by a global pandemic, industrial and manufacturing projects thrived across the state, showcasing resilience and strategic growth. SalesLeads has compiled its annual report, offering an in-depth look at the 243 planned industrial projects identified in Indiana during the year. Below are the key highlights and insights from the report.

The following are selected highlights on recent Indiana industrial construction news and manufacturing capital projects.

Planned Industrial Construction in Indiana by Project Type

Indiana’s industrial sector displayed significant diversity in project types during 2020. From manufacturing facilities to energy projects, the state has seen robust activity that underscores its economic versatility.

Key figures include:

• Manufacturing Facilities: 90 new projects.

• Processing Facilities: 57 new projects.

• Distribution and Industrial Warehouses: 92 new projects.

• Power/Energy/Oil and Gas: 11 new projects.

• Laboratory Facilities: 7 new projects.

• Mining: 1 new project.

While manufacturing and warehouse projects led the way, there’s notable activity in energy, reflecting a growing focus on sustainability and renewable resources.

Planned Industrial Construction in Indiana by Scope/Activity

The scope of Indiana’s industrial projects highlights the breadth of opportunities in the state:

• New Construction: 85 projects.

• Expansions: 85 projects.

• Renovations/Equipment Upgrades: 104 projects.

• Relocations: 23 projects.

• Plant Closings: 14 projects.

The balance between new construction and expansions demonstrates Indiana’s commitment to fostering growth while optimizing existing infrastructure. Equipment upgrades and renovations dominate, pointing to a trend of modernization within industries.

Opportunities by Equipment Need

The report highlights key areas of opportunity for vendors and suppliers, particularly in equipment and material needs:

• Compressed Air Systems: 219 projects.

• Mechanical Construction: 200 projects.

• Material Handling/Storage Equipment: 183 projects.

• Control Systems and Instrumentation: 125 projects.

• Conveyors: 145 projects.

• Floor Coatings: 142 projects.

• Packaging Equipment: 90 projects.

These figures reveal a significant demand for advanced systems and specialized equipment, creating ample opportunities for suppliers targeting Indiana’s industrial market.

Largest Planned Industrial Construction Projects in Indiana

SalesLeads identified 36 large-scale industrial projects with investments exceeding $25 million each. Among these, the standout is Toyota Motor Manufacturing Indiana, Inc., which allocated $700 million for an expansion and equipment upgrades at its Princeton facility.

Other major projects include:

• A $500 million solar farm in Pulaski County, driving renewable energy initiatives.

• A $400 million automotive facility expansion in Kokomo.

• A $300 million electric vehicle manufacturing upgrade in Mishawaka.

• A $300 million pharmaceutical processing and office facility in Indianapolis.

These large-scale investments signal a strong future for Indiana’s industrial ecosystem, with diverse industries contributing to the state’s economic landscape.

Spotlight on Indiana's Industrial Strength

Indiana’s industrial construction and CapEx activity are driven by its strategic location, skilled workforce, and favorable business environment. The state’s commitment to manufacturing excellence is evident in projects like the $165 million Mooresville manufacturing and distribution facility and the $150 million cold storage distribution center in Lebanon.

As renewable energy gains traction, solar projects in Petersburg and Lake County demonstrate the state’s move toward sustainability. The $200 million and $128 million solar farms are poised to play a critical role in meeting future energy demands.

Top 10 Tracked Industrial Projects in Indiana

• Pulaski County, IN: Renewable energy company is planning to invest $500 million for the construction of a 500 MW solar farm in PULASKI COUNTY, IN.
• Kokomo, IN: Automotive mfr. is planning to invest $400 million for an expansion and equipment upgrades on their manufacturing facility at 3660 US 31 in KOKOMO, IN.
• Mishawaka, IN: Electric vehicle mfr. is planning to invest $300 million for the renovation and equipment upgrades on a 675,000 sf manufacturing facility in MISHAWAKA, IN. They are currently seeking approval for the project.
• Indianapolis, IN: Pharmaceutical company is planning to invest $300 million for the construction of a processing and office facility in INDIANAPOLIS, IN. They have recently received approval for the project. Construction is expected to start in Summer 2021.
• Mooresville, IN: Personal care products mfr. is planning to invest $165 million for the construction of a 1.2 million sf manufacturing and distribution facility on Bethel Road in MOORESVILLE, IN.
• Lebanon, IN: Cold storage service provider is planning to invest $150 million for the construction of a 380,000 sf distribution center in LEBANON, IN. They have recently received approval for the project.
• Petersburg, IN: Energy company is planning to invest $128 million for the construction of a 150 MW solar farm on a 1,200 acre site in PETERSBURG, IN. Construction is expected to start in Summer 2021, with completion slated for 2023.
• Greenfield, IN: Global retail chain is planning for the construction of a 2 million sf distribution center in GREENFIELD, IN.
• Lake County, IN: Renewable energy company is planning to invest $200 million for the construction of a 200 MW solar farm on a 1,400-acre site in LAKE COUNTY, IN. They are currently seeking approval for the project. Construction is expected to start in 2022.
• Lafayette, IN: Automobile mfr. is planning to invest $158 million for an expansion and equipment upgrades of their warehouse and manufacturing facility in LAFAYETTE, IN.

Opportunities for Vendors and Suppliers

For vendors targeting Indiana’s industrial market, these projects represent significant opportunities. SalesLeads’ detailed project reports offer actionable insights, enabling vendors to align their offerings with project-specific needs. Each report includes:

• Contact details of decision-makers.

• Project descriptions and timelines.

• Equipment and service requirements.

With these insights, vendors can focus their efforts on high-value opportunities, ensuring a better return on investment for sales and marketing resources.

Key Sectors Driving Growth

Indiana’s industrial growth spans various sectors, including:

• Automotive Manufacturing: Significant investments in electric and traditional vehicle production.

• Renewable Energy: Solar farms are emerging as a critical focus.

• Pharmaceuticals: New processing facilities reflect increased demand for healthcare solutions.

• Food and Beverage: Projects in this sector highlight ongoing innovation in production and distribution.

Each sector offers unique opportunities, with SalesLeads’ reports providing the details needed to capitalize on these trends.

SalesLeads: Your Partner in Industrial Growth

Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials.

Each month, our team provides 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
• Industrial Buildings
• Waste Water Treatment
• Data Centers

By leveraging these reports, businesses can focus their sales efforts on accounts with active needs, ensuring a more strategic and effective approach to growth.