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  • Posted On Monday, March 04, 2024 by Evan Lamolinara

    Ind Feb 2024

    Research by Industrial SalesLeads’ experienced industrial market research team, shows 407 new planned industrial projects tracked during the month of February, a healthy gruwth from January with 369 new projects. Planned industrial project activity increased 9% 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 - 147 New Projects

                Processing Facilities - 112 New Projects

                Distribution and Industrial Warehouse - 159 New Projects

                Power/Energy/Oil and Gas - 13 New Projects

                Laboratory Facilities - 14 New Projects

                Mine - 1 New Project

                Terminal - 1 New Project

                Pipeline - 0 New Projects           

    Planned Industrial Construction - By Scope/Activity

                New Construction - 173 New Projects

                Expansion - 95 New Projects

                Renovations/Equipment Upgrades - 149 New Projects

                Plant Closing - 27 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

                Texas - 26

                California - 23

                Ohio - 22

                New York - 21

                Indiana - 20

                Georgia - 19

                Michigan - 19

                Florida - 18

                North Carolina - 17

                Pennsylvania - 15   

    Largest Planned Industrial Construction Project

    During the month of February, our research team identified 30 new General Industrial facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Micron Technology Inc., who is planning to invest $100 billion for the construction of a 7.2 million sf manufacturing complex in CLAY, NY. Construction will occur in phases, with completion slated for 2030.

    Top 10 Tracked Industrial Construction Projects

    NEW YORK:

    Semiconductor mfr. is planning to invest $12 billion for the construction of a 358,000 sf manufacturing facility on their manufacturing campus in MALTA, NY. The project includes the expansion of their existing plant. Construction is expected to start in 2025.

    LOUISIANA:

    Methanol producer is planning to invest $3 billion for the construction of a processing facility at the Port of Lake Charles in LAKE CHARLES, LA. Construction is expected to start in Summer 2024, with completion slated for 2027.

    NORTH DAKOTA:

    Mining company is planning to invest $2 billion for the construction of an iron manufacturing facility in UNDERWOOD, ND. They have recently received approval for the project.

    WASHINGTON:

    Energy infrastructure company is planning to invest $1 billion to repurpose a recently acquired former smelter site and establish a green hydrogen processing plant at 4050 Mountain View Rd. in FERNDALE, WA. They are currently seeking approval for the project.

    ALBERTA:

    Petrochemical company is planning to invest $600 million for the construction of a processing facility in VALLEYVIEW, AB. They are currently seeking approval for the project. Construction is expected to start in 2026.

    NEW YORK:

    EV mfr. is planning to invest $500 million for the expansion of their manufacturing facility in BUFFALO, NY. They are currently seeking approval for the project.

    SOUTH CAROLINA:

    Battery mfr. is planning to invest $500 million for the construction of a 500,000 sf manufacturing facility in GREENVILLE, SC. They are currently seeking approval for the project. Construction is expected to start in early 2025, with completion slated for late 2027.

    FLORIDA:

    Clean hydrogen and solar technology company is planning to invest $450 million for the construction of a hydrogen processing and solar panel manufacturing facility in KISSIMMEE, FL. Construction is expected to start in Summer 2024, with completion slated for 2027. 

    IOWA:

    Renewable energy company is planning to invest $450 million for the construction of a wind farm in HENRY COUNTY, IA. They are currently seeking approval for the project. 

    GEORGIA:

    Solar panel glass mfr. and recycling company is planning to invest $344 million for the construction of a manufacturing facility in CEDARTOWN, GA. They are currently seeking approval for the project. Completion is slated for 2026.

    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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