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  • Posted On Wednesday, December 04, 2024 by Evan Lamolinara

    Food Nov 24

    Industrial SalesLeads has released its November 2024 report on planned capital project spending in the Food and Beverage industry. The company monitors North American industrial capital projects, including facility expansions, new plant construction, and significant equipment upgrades. The latest research identified 74 new projects in the Food and Beverage sector, marking a substantial increase from the 51 projects reported in October. This growth reflects a rising trend of investment and expansion within the industry.

    Critical insights into the most recent construction developments in the Food and Beverage industry have been compiled.

    Food and Beverage Project Type

              Processing Facilities - 61 New Projects

              Distribution and Industrial Warehouse - 24 New Projects

    Food and Beverage Project Scope/Activity

              New Construction - 21 New Projects

              Expansion - 15 New Projects

              Renovations/Equipment Upgrades - 47 New Projects

              Plant Closing - 4 New Projects

    Food and Beverage Project Location (Top 10 States)

              New York - 6

              California - 5

              South Carolina - 5

              Missouri - 4

              Wisconsin - 4

              Indiana - 3

              Kentucky - 3

              Massachusetts - 3

              Michigan - 3

              New Jersey - 3

    Largest Planned Project

    In November, our research team identified 7 new Food and Beverage facility construction projects, each valued at $100 million or more.

    The largest project is owned by Electrolit USA, who is planning to invest $400 million for the construction of a 600,000 sf distribution and processing facility in WACO, TX. They have recently received approval for the project. Completion is slated for early 2026.

    Top 10 Tracked Food and Beverage Projects

    NEW YORK:

    Ice-cream mfr. is planning to invest $175 million for a 133,000 sf expansion and equipment upgrades on their processing facility in DUNKIRK, NY. They are currently seeking approval for the project.

    SOUTH CAROLINA:

    Food and beverage company is planning to invest $150 million for the expansion and equipment upgrades on their processing facility in GAFFNEY, SC. They are currently seeking approval for the project.

    MISSISSIPPI:

    Poultry processing company is planning to invest $145 million for the expansion, renovation, and equipment upgrades on their processing facility in MORTON, MS. They are currently seeking approval for the project.

    TEXAS:

    Foodservice distributor is planning to invest $120 million for a 170,000 sf expansion and equipment upgrades on their distribution facility in BUDA, TX. They are currently seeking approval for the project. Completion is slated for early 2027.

    FLORIDA: 

    Food and beverage distributor is planning to invest $100 million for the construction of a 681,000 sf distribution center in ALACHUA, FL. They are currently seeking approval for the project. Completion is slated for late 2026.

    MISSOURI:

    Food and beverage company is planning to invest $93 million for the expansion, renovation, and equipment upgrades on their processing facility in COLUMBIA, MO. They are currently seeking approval for the project.

    WISCONSIN:

    Brewery is planning to invest $55 million for a 65,000 sf expansion and equipment upgrades on their production, office, and storage facility in NEW GLARUS, WI. Construction is expected to start in early 2025, with completion slated for Fall 2026.

    SOUTH CAROLINA: 

    Specialty beverage mfr. is planning to invest $53 million for the expansion and equipment upgrades on their processing facility at 6684 US Hwy. 221 in MOORE, SC. They are currently seeking approval for the project.

    MICHIGAN:

    Fruit juice mfr. is planning to invest $30 million for the expansion, renovation, and equipment upgrades on their processing and storage facility in SHELBY, MI. They are currently seeking approval for the project.

    ONTARIO: 

    Candy mfr. is planning to invest $27 million for the renovation and equipment upgrades on a 194,000 sf laboratory, warehouse, and office facility at 336 Courtland Ave. in VAUGHAN, ON. 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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