« Back to Blog
  • Posted On Monday, February 05, 2024 by Vince Antoine

    Tennessee

    SalesLeads announced today the CY2023 results for the new planned industrial capital project spending report for the state of TENNESSEE. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 219 new projects identified in TENNESSEE during 2023.

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

    Planned Industrial Construction in TENNESSEE by Project Type:

              Manufacturing Facilities - 71 New Projects

              Processing Facilities - 26 New Projects

              Distribution and Industrial Warehouse - 61 New Projects

              Power/Energy/Oil and Gas - 2 New Projects

              Laboratory Facilities - 2 New Projects                  

    Planned Industrial Construction in TENNESSEE by Scope/Activity

              New Construction - 70 New Projects

              Expansion - 57 New Projects

              Renovations/Equipment Upgrades - 92 New Projects

              Relocations - 65 New Projects

              Plant Closing - 6 New Projects

    Opportunities - By Equipment Need

              Air Emissions Control Equipment - 90 

              Compressed Air Systems - 147

              Control Systems and Instrumentation - 91

              Conveyors - 99

              Floor Coatings - 111

              Material Handling/Storage Equipment - 123

              Mechanical Construction - 141

              Packaging Equipment - 72

              Process Equipment - 23

              Tanks/Vessels - 21

    Largest Planned Industrial Construction Projects in TENNESSEE

    During the year 2023, our research team identified 19 industrial construction projects in TENNESSEE with an estimated value of $100 million or more.

    The largest project is owned by Magna International Inc., who is planning to invest $790 million for the construction of two manufacturing and warehouse facilities totaling 940,000 sf in STANTON, TN. The project includes the construction of a 400,000 sf manufacturing facility in LAWRENCEBURG, TN. Completion is slated for 2025.

    Top 10 Tracked Industrial Projects in TENNESSEE

    Decherd, TN

    Automotive mfr. is planning to invest $250 million for the expansion of their manufacturing facility in DECHERD, TN.

    Memphis, TN

    Oilseed processing company is planning to invest $220 million for the expansion, renovations, and equipment upgrades on their processing facility in MEMPHIS, TN.

    Millington, TN

    Renewable energy company is planning to invest $220 million for the construction of a 150 MW solar farm in MILLINGTON, TN. Completion is slated for late 2024.

    Memphis, TN

    Global shipping company is planning to invest $220 million for the construction of a 1.3 million sf warehouse at 2776 Sprankel Ave. in MEMPHIS, TN. Construction is expected to start in early 2024.

    Jackson, TN

    Battery material mfr. is planning to invest $216 million for the construction of a 120,000 sf manufacturing facility on James Lawrence Road in JACKSON, TN.

    Cleveland, TN

    Food products mfr. is planning to invest $205 million for the construction of a 525,000 sf processing facility in CLEVELAND, TN. Completion is slated for 2025.

    Nashville, TN

    Performing arts organization is planning to invest $200 million for the construction of an office, studio, and training arts facility in NASHVILLE, TN. They will relocate their operations upon completion.

    Knoxville, TN

    University is planning to invest $199 million for the construction of a 163,000 sf laboratory and institutional facility at 1531 Cumberland Ave. in KNOXVILLE, TN.

    Dayton, TN

    Tire mfr. is planning to invest $174 million for a 600,000 sf expansion and equipment upgrades at their manufacturing and distribution facility in DAYTON, TN.

    Loudon, TN

    Automotive component mfr. is planning to invest $170 million for the renovation and equipment upgrades on a manufacturing facility in LOUDON, TN.

    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:

What to learn more? Get in Touch

Latest Posts

Get In Touch