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  • Posted On Tuesday, February 06, 2024 by Vince Antoine

    North Carolina

    SalesLeads announced today the CY2023 results for the new planned industrial capital project spending report for the state of NORTH CAROLINA. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 436 new projects identified in NORTH CAROLINA during 2023.

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

    Planned Industrial Construction in NORTH CAROLINA by Project Type:

              Manufacturing Facilities - 76 New Projects

              Processing Facilities - 44 New Projects

              Distribution and Industrial Warehouse - 81 New Projects

              Power/Energy/Oil and Gas - 2 New Projects

              Laboratory Facilities - 4 New Projects

    Planned Industrial Construction in NORTH CAROLINA by Scope/Activity

              New Construction - 120 New Projects

              Expansion - 64 New Projects

              Renovations/Equipment Upgrades - 243 New Projects

              Relocations - 187 New Projects

              Plant Closing - 15 New Projects

    Opportunities - By Equipment Need

              Air Emissions Control Equipment - 98

              Compressed Air Systems - 201

              Control Systems and Instrumentation - 107

              Conveyors - 132

              Floor Coatings - 135

              Material Handling/Storage Equipment - 151

              Mechanical Construction - 201

              Packaging Equipment - 80

              Process Equipment - 38

              Tanks/Vessels - 18

    Largest Planned Industrial Construction Projects in NORTH CAROLINA

    During the year 2023, our research team identified 11 industrial construction projects in NORTH CAROLINA with an estimated value of $100 million or more.

    The largest project is owned by Toyota Battery Manufacturing North Carolina, who is planning to invest an additional $8 billion for the expansion of their currently under-construction EV battery manufacturing facility in LIBERTY, NC. Completion is slated for 2025.

    Top 10 Tracked Industrial Projects in NORTH CAROLINA

    Wilmington, NC

    Battery material mfr. is planning to invest $650 million for the construction of a 1.5 million sf manufacturing campus in WILMINGTON, NC. Completion is slated for 2026.

    Durham, NC

    Pharmaceutical company is expanding and planning to invest $500 million for the construction of a manufacturing, processing, and office facility at 67 TW Alexander Drive in DURHAM, NC. Completion is slated for early 2026.

    Greensboro, NC

    Biotechnology company is planning to invest $458 million for the renovation and equipment upgrades on a 210,000 sf processing facility in GREENSBORO, NC.

    Durham, NC

    Pharmaceutical company is planning to invest $450 million for the expansion of their processing facility in DURHAM, NC. Completion is slated for 2027.

    Linwood, NC

    Printing and packaging company is planning to invest $233 million for the construction of a manufacturing facility in LINWOOD, NC. Completion is slated for 2026.

    Lexington, NC

    Railroad car mfr. is planning to invest $220 million for the construction of a manufacturing facility in LEXINGTON, NC. Completion is slated for early 2024.

    Morrisville, NC

    Battery mfr. is planning to invest $165 million for the construction of a manufacturing facility in MORRISVILLE, NC. They are currently seeking approval for the project. Completion is slated for 2026.

    Castalia, NC

    Energy company is planning to invest $143 million for the construction of a 78 MW solar farm in CASTALIA, NC. They are currently seeking approval for the project. Completion is slated for late 2025.

     Greensboro, NC

    Data center service provider is planning to invest $130 million for the renovation of a 115,000 sf office facility in GREENSBORO, NC.

    Lincolnton, NC

    Industrial equipment mfr. is planning to invest $130 million for the expansion of their warehouse and manufacturing facility in LINCOLNTON, NC by 325,000 sf.

    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  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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