New Food and Beverage Industry Planned Project Grew 25% in August 2024 by Industrial SalesLeads for sales lead generation
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  • Posted On Tuesday, September 03, 2024 by Evan Lamolinara

    Foodaug24

    Industrial SalesLeads announced today the August 2024 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 as compared to 65 in July 2024.

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

    Food and Beverage Project Type

                Processing Facilities - 57 New Projects

                Distribution and Industrial Warehouse - 27 New Projects

    Food and Beverage Project Scope/Activity

                New Construction - 24 New Projects

                Expansion - 33 New Projects

                Renovations/Equipment Upgrades - 40 New Projects

                Plant Closing - 7 New Projects

    Food and Beverage Project Location (Top 10 States)

                California - 9

                New York - 5

                Texas - 5

                Alabama - 4

                Georgia - 4

                Illinois - 4

                Ontario- 4

                Tennessee - 4

                Kentucky - 3

                Ohio - 3

    Largest Planned Project

    During the month of August, our research team identified 6 new Food and Beverage facility construction projects with an estimated value of $100 million or more. 

    The largest project is owned by Schwan's Company, who is planning to invest $750 million for the construction of a 700,000 sf processing and warehouse facility in SIOUX FALLS, SD. They have recently received approval for the project.

    Top 10 Tracked Food and Beverage Projects

    NEBRASKA:

    Aquaculture farm is planning to invest $190 million for the construction of a processing facility in NEBRASKA CITY, NE. They are currently seeking approval for the project.

    KENTUCKY: 

    Specialty food products mfr. is planning to invest $156 million for a 320,000 sf expansion and equipment upgrades on their processing facility in OWENSBORO, KY. They are currently seeking approval for the project.

    TEXAS:

    Specialty food product mfr. is planning to invest $50 million for the construction of a 200,000 sf processing facility on Progress Dr. in SHERMAN, TX. They have recently received approval for the project.

    TENNESSEE:

    Food and beverage distributor is planning for the renovation and equipment upgrades on a recently acquired 575,000 sf distribution center in NASHVILLE, TN. They are currently seeking approval for the project.

    PENNSYLVANIA: 

    Specialty food processing company is planning to invest $17 million for the construction of a processing facility at 18108 Russell Rd. in ALLENWOOD, PA. They are currently seeking approval for the project. Construction will occur in multiple phases, with completion slated for early 2028.

    TEXAS:

    Global retail chain is planning to invest $14 million for the expansion of their distribution center at 3730 Mountain Creek Pkwy in DALLAS, TX by 48,000 sf. They are currently seeking approval for the project. Construction is expected to start in late 2024, with completion slated for Spring 2025.

    ARKANSAS:

    Meat delivery service provider planning to invest $13 million for the renovation and equipment upgrades on a 138,000 sf distribution center at 245 Quality Dr. in CLINTON, AR. They have recently received approval for the project.

    WISCONSIN:

    Global food products mfr. is planning for the renovation and equipment upgrades on a recently leased 50,000 sf warehouse facility in MILTON, WI. They have recently received approval for the project.

    WASHINGTON: 

    Produce company is planning for a 38,000 sf expansion and equipment upgrades on their processing facility at 1506 N 6th Ave. in YAKIMA, WA. They are currently seeking approval for the project. Completion is slated for 2025.

    CALIFORNIA: 

    Dairy farm is planning to invest $6 million for the renovation and equipment upgrades on their processing facility in CRESCENT CITY, CA. They have recently received approval for the project.

    About Industrial SalesLeads, Inc.

    Since 1959, Industrial 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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