NEW YORK 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 NEW YORK. This report highlights significant growth and trends within the state’s industrial sector, offering critical insights for stakeholders looking 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 639 new industrial projects in NEW YORK, reflecting the state’s active and expanding industrial landscape.

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

Planned Industrial Construction in NEW YORK by Project Type

• Manufacturing Facilities: NEW YORK saw 108 new manufacturing facility projects in 2023, ranging from automotive plants to high-tech electronics manufacturing facilities, reinforcing the state’s role as a manufacturing hub.

• Processing Facilities: There were 58 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: NEW YORK continues to be a critical player in logistics with 117 new projects, supporting the state's robust supply chain and retail sectors.

• Power/Energy/Oil and Gas: The state recorded 3 new projects in the energy sector, underscoring NEW YORK's commitment to sustainable energy production and innovation.

• Laboratory Facilities: With 9 new laboratory projects, NEW YORK is enhancing its research and development capabilities across various industrial sectors.

• Mine: The state also saw a new mining project, reflecting the diverse nature of its industrial activities.

• Data Center: A new data center project in NEW YORK highlights the state's growing digital infrastructure to support the technology and data-intensive industries.

Planned Industrial Construction in NEW YORK by Scope/Activity

• New Construction: NEW YORK recorded 146 new construction projects in 2023, showcasing the state’s proactive approach to expanding its industrial infrastructure.

• Expansion: The state saw 127 expansion projects, indicating healthy growth and the scaling of existing operations to meet increasing demand.

• Renovations/Equipment Upgrades: A significant 203 projects focused on renovations and equipment upgrades, reflecting the industry's commitment to modernizing facilities for improved efficiency and productivity.

• Relocations: NEW YORK recorded 285 relocation projects, demonstrating strategic repositioning within the state to optimize logistics and operational efficiency.

• Plant Closings: There were 22 plant closings in the state, offering opportunities for redevelopment and repurposing within NEW YORK’s industrial spaces.

Opportunities by Equipment Need

• Air Emissions Control Equipment: With 150 projects, there is a growing emphasis on environmental sustainability and regulatory compliance across various industries.

• Compressed Air Systems: A notable 293 projects highlight the widespread demand for efficient and reliable compressed air systems in industrial processes.

• Control Systems and Instrumentation: There were 156 projects centered on advanced control systems, emphasizing the role of automation and precision in industrial operations.

• Conveyors: Material handling remains critical, with 182 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 206 projects focused on high-traffic industrial environments.

• Material Handling and Storage Equipment: With 206 projects, the state shows a strong demand for advanced storage solutions to support its expanding warehousing operations.

• Mechanical Construction: NEW YORK’s industrial sector remains robust, with 287 projects highlighting the need for mechanical construction services.

• Packaging Equipment: There were 136 projects centered on efficient packaging solutions, underlining their importance in the manufacturing supply chain.

• Process Equipment: Specialized process equipment remains in demand, with 54 projects supporting diverse manufacturing activities.

• Tanks and Vessels: The need for storage and processing tanks is demonstrated by 34 projects across industries such as chemical manufacturing and food processing.

Largest Planned Industrial Construction Projects in NEW YORK

During 2023, our research team identified 17 significant industrial construction projects in NEW YORK, each valued at $100 million or more. These projects represent substantial investments in the state’s industrial future:

1. Stony Brook University: The largest project involves a $700 million investment for constructing a 400,000 square foot climate research and office facility in NEW YORK, NY, with construction expected to start in 2025 and completion slated for 2028.

2. Webster, NY: A beverage company is planning a $650 million investment for constructing a 745,000 square foot processing facility in Webster, NY, with construction expected to start in Fall 2023 and completion slated for late 2025.

3. Coeymans, NY: A wind turbine manufacturer is investing $500 million in constructing a manufacturing facility in Coeymans, NY, boosting the state’s renewable energy sector.

4. Queens, NY: A public transportation authority plans to invest $480 million in constructing a warehouse, office, and maintenance facility in Queens, NY, with completion expected by late 2026.

5. Jamestown, NY: A diesel engine manufacturer is planning a $452 million investment for renovating and upgrading equipment at their manufacturing facility in Jamestown, NY.

6. Brooklyn, NY: A film and TV production company is investing $400 million in constructing a 330,000 square foot studio and warehouse complex in Brooklyn, NY, enhancing the state’s media and entertainment infrastructure.

7. New York, NY: A medical school is planning a $338 million investment for renovating its institutional facility in New York, NY, with recent project approval.

8. North Greenbush, NY: An insurance company is investing $288 million in renovating and upgrading equipment at their 200,000 square foot data center facility in North Greenbush, NY.

9. Wawayanda, NY: A global online retailer is planning a $204 million investment for constructing a 925,000 square foot distribution center in Wawayanda, NY, with completion slated for late 2025.

10. Yonkers, NY: A state agency is planning a $141 million investment for renovating and upgrading equipment at their water processing plant in Yonkers, NY, which includes constructing two additional chemical processing facilities.

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 NEW YORK 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.