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  • Posted On Wednesday, April 06, 2022 by Evan Lamolinara

    Foodmarch2020

    SalesLeads announced today the March 2022 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 69 new projects in the Food and Beverage sector.

    The following are selected highlights on new Food and Beverage industry construction news.

    Food and Beverage Project Type

              Processing Facilities - 53 New Projects

              Distribution and Industrial Warehouse - 17 New Projects

    Food and Beverage Project Scope/Activity

              New Construction - 26 New Projects

              Expansion - 18 New Projects

              Renovations/Equipment Upgrades - 31 New Projects

              Plant Closing - 3 New Projects

    Food and Beverage Project Location (Top 10 States)

              California - 7

              Ohio - 4

              New York - 4

              Pennsylvania - 4

              New Jersey - 4

              Wisconsin - 4

              Colorado - 3

              Florida - 3

              Georgia - 3

              Texas - 3    

    Largest Planned Project

    During the month of March, our research team identified 4 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by PepsiCo Beverages, who is planning to invest $260 million for a 260,000 sf expansion and equipment upgrade at their processing facility in STONE MOUNTAIN, GA. They have recently received approval for the project.

    Top 10 Tracked Food and Beverage Projects

    ARKANSAS:

    Bakery products mfr. is planning to invest $140 million for the renovation and equipment upgrades on a 330,000 sf processing facility in ARKADELPHIA, AR. Completion is slated for Summer 2023.

    OHIO:

    Diversified food products mfr. is planning to invest $60 million for a 15,000 sf expansion and equipment upgrades of their processing facility in TROY, OH. Construction is expected to start in late Summer 2022, with completion slated for Spring 2023.

    VIRGINIA:

    Agricultural company is planning to invest $59 million for the renovation and equipment upgrades on their processing facility in CHESAPEAKE, VA. They have recently received approval for the project.

    CALIFORNIA:

    Meat processing company is planning for the construction of a 477,000 sf processing and distribution facility on West Church Ave. in FRESNO, CA. They are currently seeking approval for the project. They will consolidate operations upon completion.

    NEW YORK:

    Cheese mfr. is planning to invest $15 million for the expansion and equipment upgrades of their processing facility in BUFFALO, NY. They are currently seeking approval for the project.

    NORTH CAROLINA:

    Fruit processing company is planning to invest $12 million for the construction of a 100,000 sf processing facility on Chadbourn Hwy. in WHITEVILLE, NC. They are currently seeking approval for the project. 

    WISCONSIN:

    Pet food mfr. is planning for the renovation and equipment upgrades on a recently leased 178,000 sf processing facility at 400 W. Venture Dr. in JANESVILLE, WI. Completion is slated for Summer 2022.

    PENNSYLVANIA:

    Poultry farm is planning for the construction of a 44,000 sf storage and processing facility on Business Campus Way in PENN TOWNSHIP, PA. They have recently received approval for the project.

    WISCONSIN:

    Agricultural co-operative is planning for the construction of a 36,000 sf warehouse at W9710 Co. Rd. D in BEAVER DAM, WI. They are currently seeking approval for the project. 

    ARKANSAS:

    Startup meat processing equipment mfr. is planning for a 25,000 sf expansion and equipment upgrades of a recently acquired manufacturing facility in RUSSELLVILLE, AR. They have recently received approval for the project. Completion is slated for 2023.

     

    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.

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