PENNSYLVANIA 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 PENNSYLVANIA. 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 370 new industrial projects in PENNSYLVANIA, reflecting the dynamic and expanding industrial landscape of the state.

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

Planned Industrial Construction in PENNSYLVANIA by Project Type

• Manufacturing Facilities: PENNSYLVANIA saw 63 new manufacturing facility projects in 2023, ranging from automotive plants to high-tech electronics manufacturing facilities, emphasizing the state’s role as a significant player in the manufacturing industry.

• Processing Facilities: There were 43 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: PENNSYLVANIA continues to grow as a logistics and distribution hub with 86 new projects, supporting the state's robust manufacturing and retail sectors.

• Power/Energy/Oil and Gas: The state recorded 6 new projects in the energy sector, highlighting PENNSYLVANIA's ongoing commitment to energy production and innovation.

• Laboratory Facilities: With 13 new laboratory projects, PENNSYLVANIA is enhancing its research and development capabilities across various industrial sectors.

Planned Industrial Construction in PENNSYLVANIA by Scope/Activity

• New Construction: PENNSYLVANIA recorded 115 new construction projects in 2023, showcasing the state’s proactive approach to expanding its industrial infrastructure.

• Expansion: The state saw 71 expansion projects, signaling healthy growth and the scaling of existing operations to meet rising demand.

• Renovations/Equipment Upgrades: A significant 147 projects focused on renovations and equipment upgrades, reflecting the industry's commitment to modernizing facilities for enhanced efficiency.

• Relocations: PENNSYLVANIA recorded 125 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 PENNSYLVANIA’s industrial spaces.

Opportunities by Equipment Need

• Air Emissions Control Equipment: With 93 projects, there is a growing emphasis on environmental sustainability and regulatory compliance across various industries.

• Compressed Air Systems: A notable 197 projects indicate a widespread demand for efficient and reliable compressed air systems in industrial processes.

• Control Systems and Instrumentation: There were 104 projects centered on advanced control systems, emphasizing the role of automation and precision in industrial operations.

• Conveyors: Material handling remains critical, with 119 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 141 projects focused on high-traffic industrial environments.

• Material Handling and Storage Equipment: With 148 projects, the state shows a strong demand for advanced storage solutions to support its expanding warehousing operations.

• Mechanical Construction: PENNSYLVANIA’s industrial sector remains robust, with 193 projects highlighting the need for mechanical construction services.

• Packaging Equipment: There were 73 projects centered on efficient packaging solutions, underlining their importance in the manufacturing supply chain.

• Process Equipment: Specialized process equipment remains in demand, with 34 projects supporting diverse manufacturing activities.

• Tanks and Vessels: The need for storage and processing tanks is demonstrated by 23 projects across industries such as chemical manufacturing and food processing.

Largest Planned Industrial Construction Projects in PENNSYLVANIA

During 2023, our research team identified 15 significant industrial construction projects in PENNSYLVANIA, each valued at $100 million or more. These projects represent substantial investments in the state’s industrial future:

1. Pratt Industries Inc.: The largest project involves a $500 million investment for renovating and upgrading equipment at multiple manufacturing facilities across PENNSYLVANIA.

2. Turtle Creek, PA: An energy storage system manufacturer is planning a $500 million investment for expanding their manufacturing facility in Turtle Creek, PA.

3. Tamaqua, PA: A semiconductor manufacturer plans to invest $300 million in expanding, renovating, and upgrading equipment at their manufacturing complex in Tamaqua, PA.

4. Philadelphia, PA: A biotechnology company is investing $260 million in constructing an 80,000 square foot processing, laboratory, and office campus in Philadelphia, PA, including a 150,000 square foot co-working biotechnology and office facility.

5. Aliquippa, PA: A steel company is planning a $218 million investment for constructing a new manufacturing facility in Aliquippa, PA, with completion slated for late 2025.

6. Mercer County, PA: A startup battery technology company is considering a $160 million investment for constructing a manufacturing facility, with a site currently being sought in the Mercer County, PA area.

7. Villanova, PA: A university is planning a $150 million investment for constructing a 150,000 square foot institutional and office facility in Villanova, PA, with construction expected to start in Summer 2024 and completion slated for late 2027.

8. Pottstown, PA: A renewable energy company is planning a $142 million investment for constructing a waste-to-energy facility in Pottstown, PA.

9. East Vincent Township, PA: A water utility service provider is investing $123 million in constructing a water treatment plant in East Vincent Township, PA, with completion slated for 2027.

10. Philadelphia, PA: The Port Authority is planning a $100 million investment for constructing a 277,000 square foot warehouse facility in Philadelphia, PA, including a 175,000 square foot cold storage facility at their terminal.

11. Greensburg, PA: An educational institution is planning a $100 million investment for renovating and upgrading equipment at their institutional, office, and athletic training facility in Greensburg, PA, with completion expected by Fall 2024.

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.