INDIANA Industrial Construction Project and Manufacturing Capex Activity - 2023 Recap

Planned Industrial Construction in INDIANA by Project Type

• Manufacturing Facilities: INDIANA saw 115 new manufacturing facility projects in 2023, ranging from automotive plants to high-tech electronics manufacturing facilities, emphasizing the state’s key role in the manufacturing industry.

• Processing Facilities: There were 44 new processing facility projects, further diversifying the state’s industrial base, including food processing and chemical plants that are vital to the economy.

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

• Power/Energy/Oil and Gas: The state recorded 3 new projects in the energy sector, highlighting INDIANA's ongoing commitment to energy production and innovation.

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

Planned Industrial Construction in INDIANA by Scope/Activity

• New Construction: INDIANA experienced 106 new construction projects in 2023, reflecting the state’s proactive approach to expanding its industrial capabilities.

• Expansion: The state saw 74 expansion projects, signaling healthy growth and the scaling of existing operations to meet rising demand.

• Renovations/Equipment Upgrades: A significant 91 projects focused on renovations and equipment upgrades, showcasing the industry's commitment to modernizing facilities for enhanced efficiency.

• Relocations: INDIANA recorded 18 relocation projects, demonstrating strategic repositioning within the state to optimize logistics and operational efficiency.

• Plant Closings: There were 11 plant closings in the state, offering opportunities for redevelopment and repurposing within INDIANA’s industrial spaces.

Opportunities by Equipment Need

• Air Emissions Control Equipment: With 143 projects, there is a growing focus on environmental sustainability and regulatory compliance across various industries.

• Compressed Air Systems: A notable 231 projects indicate a widespread demand for efficient and reliable compressed air systems in industrial processes.

• Control Systems and Instrumentation: There were 136 projects centered on advanced control systems, emphasizing the role of automation and precision in industrial operations.

• Conveyors: Material handling remains critical, with 172 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 155 projects focused on high-traffic industrial environments.

• Material Handling and Storage Equipment: With 196 projects, the state shows a strong demand for advanced storage solutions to support its expanding warehousing operations.

• Mechanical Construction: INDIANA’s industrial sector remains robust, with 206 projects highlighting the need for mechanical construction services.

• Packaging Equipment: There were 116 projects centered on efficient packaging solutions, underlining their importance in the manufacturing supply chain.

• Process Equipment: Specialized process equipment remains in demand, with 35 projects supporting diverse manufacturing activities.

• Tanks and Vessels: The need for storage and processing tanks is demonstrated by 24 projects across industries such as chemical manufacturing and food processing.

Largest Planned Industrial Construction Projects in INDIANA

During 2023, our research team identified 25 significant industrial construction projects in INDIANA, each valued at $100 million or more. These projects represent substantial investments in the state’s industrial future:

1. Starplus Energy: The largest project involves a $3.2 billion investment for constructing an EV battery manufacturing facility in KOKOMO, IN, with completion slated for early 2027.

2. New Carlisle, IN: An automotive manufacturer is planning a $3 billion investment for constructing an EV battery manufacturing facility, with construction expected to start in 2025 and completion slated for 2026.

3. Lebanon, IN: A pharmaceutical company is investing $2.1 billion in constructing a processing and research complex, significantly boosting the state’s life sciences sector.

4. Terre Haute, IN: A battery component manufacturer plans to invest $1.5 billion in constructing a 1.4 million square foot manufacturing facility, with completion expected by late 2027.

5. Jeffersonville, IN: A solar panel manufacturer is investing $800 million in constructing a new manufacturing facility, with completion slated for late 2025.

6. Roanoke, IN: An automotive manufacturer is planning a $632 million investment for renovating and upgrading equipment at their manufacturing facility.

7. Wabash, IN: A plumbing equipment manufacturer is expanding with a $300 million investment in constructing a 300,000 square foot manufacturing facility adjacent to their existing plant.

8. Randolph County, IN: A renewable energy company is planning a $250 million investment in constructing a solar farm, with completion expected in 2024.

9. South Bend, IN: A biofuel company is investing $230 million in expanding and upgrading equipment at a recently acquired RNG processing facility, with completion slated for 2026.

10. Noblesville, IN: A material handling equipment manufacturer is planning a $130 million investment for constructing a new manufacturing and office facility, with plans to relocate their headquarters upon completion.

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 INDIANA saw substantial activity 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.