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  • Posted On Tuesday, May 10, 2022 by Evan Lamolinara

    Distroapril22

    Industrial SalesLeads, IMI, announced today the April 2022 results for the new planned capital project spending report for the Distribution and Supply Chain industry. IMI tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 170 new projects in the Distribution and Supply Chain sector.

    The following are selected highlights on new Distribution Center and Warehouse construction news.

    Distribution and Supply Chain - By Project Type

              Distribution/Fulfillment Centers - 43 New Projects

              Industrial Warehouse - 161 New Projects

     Distribution and Supply Chain- By Project Scope/Activity

              New Construction - 83 New Projects

              Expansion - 45 New Projects

              Renovations/Equipment Upgrades - 43 New Projects

              Closing - 4 New Projects

    Largest Planned Project

    During the month of April, our research team identified 7 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by VinFast Auto US, who is planning to invest $4 billion for the construction of a manufacturing and distribution facility in MONCURE, NC. They are currently seeking approval for the project. Completion is slated for 2024.

     Distribution and Supply Chain - By Project Location (Top 5 States)

              Florida - 14

              Texas - 13

              California - 11

              Indiana - 10

              Ohio - 10

    Top 10 Tracked Distribution and Supply Chain Project Opportunities

    Pennsylvania:

    Specialty chemical company is planning to invest $1.1 billion for the construction of a processing, warehouse, and storage facility in POINT TOWNSHIP, PA. They are currently seeking approval for the project. Construction is expected to start in Fall 2022, with completion slated for Fall 2024.

    North Carolina:

    Department store chain is planning to invest $584 million for the construction of a 1.4 million sf distribution center in CHINA GROVE, NC. They are currently seeking approval for the project. Completion is slated for Summer 2023.

    Wisconsin:

    Real estate development company is planning to invest $300 million for the construction of a 1.57 million sf warehouse and hydroponic greenhouse facility in JANESVILLE, WI. Construction is expected to start in Fall 2022, with completion slated for late 2023.

    Alabama:

    Automotive mfr. is planning to invest $300 million for an expansion and equipment upgrades at their warehouse and manufacturing facility in MONTGOMERY, AL.

    Texas:

    Custom corrugated paper products mfr. is planning to invest $200 million for the renovation and equipment upgrades on a recently leased 1 million sf distribution and manufacturing facility on S. US-67 in CEDAR HILL, TX.

    New York:

    Warehousing and logistics provider is planning to invest $130 million for the construction of a 2 million sf warehouse and distribution complex in HORSEHEADS, NY. Construction will occur in phases, with the completion of the first 461,000 sf warehouse and distribution facility slated for early 2023.

    Arkansas:

    Flexible packaging products mfr. is expanding and planning to invest $80 million for the construction of a manufacturing and distribution facility in SEARCY, AR. They have recently received approval for the project.

    Tennessee:

    Global shipping company is planning to invest $60 million for the construction of a 58,000 sf warehouse at 2900 Democrat Rd. in MEMPHIS, TN. They are currently seeking approval for the project.

    Texas:
    Waste recycling service provider is planning to invest $47 million for the construction of a 200,000 sf processing, warehouse, and institutional center in SAN ANTONIO, TX. They are currently seeking approval for the project. Completion is slated for 2024.

    Kentucky:

    Aviation service provider is planning to invest $40 million for the construction of a 150,000 sf warehouse, office, and maintenance hangar at Cincinnati/Northern Kentucky International Airport in HEBRON, KY. They have recently received approval for the project.

     

    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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