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  • Posted On Monday, June 12, 2023 by Evan Lamolinara

    Food May 2023

    IMI SalesLeads announced today the May 2023 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 76 new projects in the Food and Beverage sector as compared to 74 in April 2023.

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

    Food and Beverage Project Type

              Processing Facilities - 49 New Projects

              Distribution and Industrial Warehouse - 28 New Projects         

    Food and Beverage Project Scope/Activity

              New Construction - 29 New Projects

              Expansion - 26 New Projects

              Renovations/Equipment Upgrades - 23 New Projects

              Plant Closing - 2 New Projects

    Food and Beverage Project Location (Top 10 States)

              California - 8

              Wisconsin - 6

              New York - 4

              Ohio - 4

              Virginia - 4

              Kentucky - 3

              Pennsylvania - 3

              Alabama - 2

              Connecticut - 2

              Illinois - 2

    Largest Planned Project

    During the month of May, 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 The Coca-Cola Company, who is planning to invest $650 million for the construction of a 745,000 sf processing facility on Tebor Rd. in WEBSTER, NY. Construction is expected to start in Fall 2023, with completion slated for late 2025.

    Top 10 Tracked Food and Beverage Projects

    ILLINOIS:

    Foodservice company is planning to invest $103 million for the construction of a 407,000 sf processing facility at 2810 Duke Pkwy. in AURORA, IL. They are currently seeking approval for the project.

    CALIFORNIA:

    Supermarket chain is planning for the construction of a 1.4 million sf distribution center in RANCHO CUCAMONGA, CA. They are currently seeking approval for the project.

    FLORIDA:

    Membership-only grocery and retail chain is planning to invest $61 million for the renovation and equipment upgrades on a recently pre-leased 1 million sf distribution center at 1400 Zoo Pkwy in JACKSONVILLE, FL.

    MICHIGAN:

    Distillery is planning to invest $41 million for the construction of a 9,000 sf ethanol processing facility in CONSTANTINE, MI. They are currently seeking approval for the project.

    PENNSYLVANIA:

    Food ingredient mfr. is planning to invest $31 million for the expansion and equipment upgrades at their processing facility in LANCASTER, PA. They are currently seeking approval for the project.

    ALBERTA:

    Food ingredient mfr. is planning to invest $29 million for the construction of a manufacturing facility in RED DEER COUNTY, AB. They are currently seeking approval for the project. 

    IOWA:

    Food processing company is planning for equipment upgrades on their 570,000 sf processing facility in DES MOINES, IA. They are currently seeking approval for the project.

    KANSAS:

    Beverage distributor is planning to invest $14 million for the construction of an 83,000 sf warehouse and office facility at 16800 W 113th St. in LENEXA, KS. They have recently received approval for the project.

    NEW YORK:

    Specialty food distributor is planning to invest $12 million for the renovation and equipment upgrades on a recently leased 231,000 sf distribution center at 80 Wilshire Blvd. in EDGEWOOD, NY. They will relocate their regional operations upon completion in late 2023. 

    VIRGINIA:

    Indoor farming company is planning for the expansion of their processing facility at 1343 Hockett Rd. in MANAKIN-SABOT, VA by 93,000 sf. Construction is expected to start in late Summer 2023. 

    About IMI SalesLeads, Inc.

    Since 1959, IMI 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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