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  • Posted On Friday, August 05, 2022 by Evan Lamolinara

    Foodjuly2022

    SalesLeads announced today the July 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 81 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 - 59 New Projects

                Distribution and Industrial Warehouse - 31 New Projects

    Food and Beverage Project Scope/Activity

                New Construction - 26 New Projects

                Expansion - 25 New Projects

                Renovations/Equipment Upgrades - 35 New Projects

                Plant Closing - 3 New Projects

    Food and Beverage Project Location (Top 10 States)

                California - 9

                Iowa - 5

                Ohio - 5

                Ontario - 5

                North Carolina - 5

                Wisconsin - 5

                Georgia - 4

                Illinois - 3

                Indiana - 3

                Texas - 3

    Largest Planned Project

    During the month of July, our research team identified 3 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Beam Suntory, Inc., who is planning to invest $400 million for an expansion of their production facility in BOSTON, KY. They are currently seeking approval for the project.

    Top 10 Tracked Food and Beverage Projects

    ONTARIO:

    Chocolate mfr. is considering investing $104 million for the construction of a processing facility and is currently seeking a site in ONTARIO.

    TENNESSEE:

    Specialty food products mfr. is planning to invest $81 million for an expansion of their processing facility in MEMPHIS, TN. They are currently seeking approval for the project.

    INDIANA:

    Specialty food products mfr. is planning to invest $58 million for the expansion of their processing and cold storage facility in LEBANON, IN by 340,000 sf. They are currently seeking approval for the project. Completion is slated for late 2023.

    IOWA:

    Meat products mfr. is planning to invest $44 million for the renovation and equipment upgrades on a recently leased processing facility in DAVENPORT, IA. They have recently received approval for the project.

    NEW YORK:

    Food products mfr. is planning to invest $36 million for the expansion of their processing facility in BAY SHORE, NY by 200,000 sf. They are currently seeking approval for the project.

    OHIO:

    Specialty food products mfr. is planning to invest $35 million for an expansion of their processing facility in DELPHOS, OH. They are currently seeking approval for the project.

     VIRGINIA:

    Coffee company is planning to invest $29 million for an expansion of their processing facility in SUFFOLK, VA. They have recently received approval for the project. They will consolidate operations upon completion.

    MISSOURI:

    Specialty food products mfr. is planning for the renovation and equipment upgrades on 147,000 sf of recently leased warehouse and processing space at 1590 Tradeport Dr. in HAZELWOOD, MO. Completion is slated for late 2022.

    NORTH CAROLINA:

    Wholesale grocery distributor is planning to invest $25 million for the expansion of their warehouse and distribution facility in HICKORY, NC by 250,000 sf. They have recently received approval for the project.

    TEXAS:

    Specialty food processing company is planning to invest $25 million for the renovation and equipment upgrades on a recently leased 117,000 sf processing facility at 19200 Marketplace Ave. in KYLE, TX. Construction is expected to start in early 2023, with completion slated for late 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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