GEORGIA Industrial Construction Project and Manufacturing Capex Activity - 2023 Recap

SalesLeads is pleased to announce the 2023 results for the planned industrial capital project spending report for the state of GEORGIA. This report highlights significant growth and trends within the state’s industrial sector, providing critical insights for stakeholders aiming to capitalize on these opportunities. Our firm tracks North American planned industrial capital project activities, including facility expansions, new plant construction, and significant equipment modernization projects. In 2023, our research confirmed the identification of 420 new industrial projects in GEORGIA, reflecting the dynamic and expanding industrial landscape of the state.

The following are selected highlights on recent GEORGIA industrial construction news and manufacturing capital projects.

Planned Industrial Construction in GEORGIA by Project Type:

• Manufacturing Facilities: GEORGIA saw 76 new manufacturing facility projects in 2023, ranging from automotive plants to high-tech electronics manufacturing facilities, emphasizing the state’s role as a key player in the manufacturing industry.

• Processing Facilities: There were 28 new processing facility projects, further diversifying the state’s industrial base, including food processing and chemical plants essential to the economy.

• Distribution and Industrial Warehouse: GEORGIA continues to grow as a logistics and distribution hub with 95 new projects, supporting the state's robust manufacturing and retail sectors.

• Laboratory Facilities: The state saw 4 new laboratory projects, highlighting the increasing demand for research and development facilities across various industrial sectors.

• Data Centers: With 6 new data center projects, GEORGIA is expanding its digital infrastructure to support the growing needs of technology companies and data-intensive industries.

Planned Industrial Construction in GEORGIA by Scope/Activity:

• New Construction: GEORGIA experienced 129 new construction projects in 2023, reflecting the state’s proactive approach to expanding its industrial capabilities.

• Expansion: The state saw 56 expansion projects, indicating healthy growth and the scaling of existing operations to meet rising demand.

• Renovations/Equipment Upgrades: A significant 214 projects focused on renovations and equipment upgrades, showcasing the industry's commitment to modernizing facilities for enhanced efficiency.

• Relocations: GEORGIA recorded 176 relocation projects, demonstrating strategic repositioning within the state to optimize logistics and operational efficiency.

• Plant Closings: There were 16 plant closings in the state, offering opportunities for redevelopment and repurposing within GEORGIA’s industrial spaces.

Opportunities by Equipment Need:

• Air Emissions Control Equipment: With 87 projects, there is a growing focus on environmental sustainability and regulatory compliance across various industries.

• Compressed Air Systems: A notable 184 projects indicate a widespread demand for efficient and reliable compressed air systems in industrial processes.

• Control Systems and Instrumentation: There were 85 projects centered on advanced control systems, emphasizing the role of automation and precision in industrial operations.

• Conveyors: Material handling remains critical, with 121 projects reflecting the demand for efficient conveyor systems within industrial facilities.

• Floor Coatings: The need for durable and safe flooring solutions is evident in the 137 projects focused on high-traffic industrial environments.

• Material Handling and Storage Equipment: With 142 projects, the state shows a strong demand for advanced storage solutions to support its expanding warehousing operations.

• Mechanical Construction: GEORGIA’s industrial sector remains robust, with 182 projects highlighting the need for mechanical construction services.

• Packaging Equipment: There were 74 projects centered on efficient packaging solutions, underlining their importance in the manufacturing supply chain.

• Process Equipment: Specialized process equipment remains in demand, with 23 projects supporting diverse manufacturing activities.

• Tanks and Vessels: The need for storage and processing tanks is demonstrated by 19 projects across industries such as chemical manufacturing and food processing.

Largest Planned Industrial Construction Projects in GEORGIA

During 2023, our research team identified 23 significant industrial construction projects in GEORGIA, each valued at $100 million or more. These projects represent substantial investments in the state’s industrial future:

1. Nexen Tire America Inc.: The largest project involves a $1 billion investment for constructing a new manufacturing facility, with the company currently seeking a site in GEORGIA.

2. Bainbridge, GA: A graphite product manufacturer is planning an $800 million investment for constructing a manufacturing facility, with completion slated for 2025.

3. Cartersville, GA: A data center operator is investing $772 million in constructing a new data center, enhancing GEORGIA’s digital infrastructure.

4. Chattahoochee Hills, GA: A production studio plans to invest $700 million in constructing a 3 million square foot studio complex, positioning GEORGIA as a key player in the entertainment industry.

5. Locust Grove, GA: A specialty contractor is planning a $420 million investment for constructing a new manufacturing facility, expected to be completed by 2025.

6. Valdosta, GA: A global retail chain plans to invest $350 million in constructing a processing facility, with completion slated for late 2025.

7. Cartersville, GA: A specialty milk beverage manufacturer is investing $305 million in constructing a processing facility, with completion expected by 2026.

8. Rincon, GA: An auto body parts manufacturer is planning a $300 million investment for constructing a new manufacturing facility, with completion slated for 2025.

9. Augusta, GA: A metal recycling company is investing $275 million in expanding their processing facility, with completion expected by 2026.

10. Winterville, GA: A medical equipment manufacturer is planning a $250 million investment for constructing a new manufacturing facility, with completion slated for early 2026.

About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL, has been a leader in delivering industrial capital project intelligence and prospecting services. Our services ensure a predictable and scalable pipeline for sales and marketing teams. Our Industrial Market Intelligence 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.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

• Industrial Manufacturing
• Plastics
• Food and Beverage
• Metals
• Power Generation
• Pulp Paper and Wood
• Oil and Gas
• Mining and Aggregates
• Chemical
• Research and Development
• Distribution and Supply Chain
• Pipelines
• Pharmaceutical
• Industrial Buildings
• Waste Water Treatment
• Data Centers

Conclusion

The industrial construction and manufacturing sector in GEORGIA experienced substantial growth in 2023, with numerous high-value projects across various industries. This comprehensive report provides valuable insights for stakeholders looking to capitalize on these opportunities for lead generation, business development, and strategic planning. SalesLeads remains dedicated to offering timely updates and detailed reports on industrial construction activities across North America, ensuring our clients stay ahead in a competitive market.