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  • Posted On Wednesday, June 05, 2024 by Evan Lamolinara

    Constmay2024

    Research by Industrial SalesLeads’ experienced industrial market research team, shows 403 new planned industrial projects tracked during the month of May. Planned industrial project activity increased 13% from the previous month.

    The following are selected highlights on new industrial construction news and project opportunities throughout North America.

    Planned Industrial Construction - By Project Type:

                Manufacturing Facilities - 145 New Projects

                Processing Facilities - 82 New Projects

                Distribution and Industrial Warehouse - 186 New Projects

                Power/Energy/Oil and Gas - 11 New Projects

                Laboratory Facilities - 22 New Projects

                Mine - 2 New Projects

                Terminal - 0 New Projects

                Pipeline - 0 New Projects

               

    Planned Industrial Construction - By Scope/Activity

                New Construction - 175 New Projects

                Expansion - 105 New Projects

                Renovations/Equipment Upgrades - 145 New Projects

                Plant Closing - 27 New Projects

     

    Planned Industrial Construction - By Location (Top 10 States)

                Texas - 28

                California - 26

                New York - 24

                Ohio - 24

                Michigan - 20

                Georgia - 18

                North Carolina - 18

                Florida - 16

                Indiana - 14

                Illinois - 12    

     

    Largest Planned Industrial Construction Project

    During the month of May, our research team identified 44 new General Industrial facility construction projects with an estimated value of $100 million or more. 

    The largest project is owned by Honda Canada Inc., who is planning to invest $15 billion for the construction of an EV battery manufacturing complex in ALLISTON, ON. They are currently seeking approval for the project. Completion is slated for 2028.

     

    Top 10 Tracked Industrial Construction Projects

    ILLINOIS:

    EV mfr. is planning to invest $1.5 billion for the expansion and equipment upgrades on their manufacturing facility in NORMAL, IL. They are currently seeking approval for the project.

    OHIO:

    Energy company is planning to invest $1.5 billion for the expansion and equipment upgrades on their processing facilities in LIMA, OH, and OREGON, OH. They are currently seeking approval for the project.

    INDIANA:

    Automotive mfr. is planning to invest $1.4 billion for the expansion, renovation, and equipment upgrades on their manufacturing facility in PRINCETON, IN. Construction is expected to start in Fall 2024, with completion slated for late 2026.

    WISCONSIN:

    Specialty food processing company is planning to invest $800 million for the construction of a processing, warehouse, and office facility in JEFFERSON, WI. The project includes the expansion and equipment upgrades of their existing plant in WALWORTH, WI. They are currently seeking approval for the project.

    QUEBEC:

    Global technology company is planning to invest $730 million for the expansion and equipment upgrades on their manufacturing facility in BROMONT, QC. They are currently seeking approval for the project.

    TEXAS:

    Automotive mfr. is planning to invest $531 million for the expansion of their manufacturing facility at 1 Lone Star Pass in SAN ANTONIO, TX by 500,000 sf. They are currently seeking approval for the project.

    MINNESOTA:

    Semiconductor mfr. is planning to invest $525 million for the expansion and equipment upgrades on their manufacturing facility in BLOOMINGTON, MN. They are currently seeking approval for the project.

    GEORGIA:

    Hygiene products mfr. is planning to invest $418 million for the expansion and equipment upgrades on their manufacturing, warehouse, and office facility in MACON, GA. They are currently seeking approval for the project.

     KANSAS:

    Automotive mfr. is planning to invest $390 million for the renovation and equipment upgrades on their manufacturing facility at 3201 Fairfax Trafficway in KANSAS CITY, KS. They are currently seeking approval for the project.

    NORTH CAROLINA:

    Solar panel mfr. is planning to invest $300 million for the construction of a 1-million sf manufacturing facility in GREENVILLE, NC. They have recently received approval for the project.

    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, IMI 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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