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

    Const Oct24

    Research by Industrial SalesLeads’ market research team reveals that 418 new planned industrial projects were tracked in October. This represents a 4% decline in project activity compared to the previous month, suggesting a slight slowdown in industrial project planning. The tracking of new projects includes various sectors such as manufacturing, warehousing, and distribution, providing valuable insights into industry trends and potential growth areas. By analyzing these monthly shifts, Industrial SalesLeads offers companies a comprehensive view of industrial market dynamics, helping them identify new opportunities and adjust their strategies in response to changing market conditions.

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

    Planned Industrial Construction - By Project Type:

              Manufacturing Facilities - 130 New Projects

              Processing Facilities - 111 New Projects

              Distribution and Industrial Warehouse - 195 New Projects

              Power/Energy/Oil and Gas - 6 New Projects

              Laboratory Facilities - 20 New Projects

              Mine - 0 New Projects

              Terminal - 0 New Projects

              Pipeline - 0 New Projects

    Planned Industrial Construction - By Scope/Activity

              New Construction - 170 New Projects

              Expansion - 101 New Projects

              Renovations/Equipment Upgrades - 169 New Projects

              Plant Closing - 23 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

              California - 25

              Illinois - 25

              Texas - 25

              New York - 22

              Indiana - 21

              Pennsylvania - 20

              Ohio - 18

              Georgia - 17

              Florida - 15

             Michigan - 15

    Largest Planned Industrial Construction Project

    During the month of October, our research team identified 33 new General Industrial facility construction projects with an estimated value of $100 million or more. 

    The largest project is owned by Eli Lilly and Company, who is planning to invest $4.5 billion for the construction of a processing, laboratory, and research campus in LEBANON, IN. They are currently seeking approval for the project.

    Top 10 Tracked Industrial Construction Projects

    KANSAS:

    Electric utility service provider is planning to invest $2 billion for the construction of two natural gas combined cycle-fired power plants in CONWAY SPRINGS, KS and YODER, KS. They are currently seeking approval for the projects. Completion is slated for 2029 and 2030 respectively.

    NORTH CAROLINA:

    Pharmaceutical company is planning to invest $2 billion for the construction of a processing campus in WILSON, NC. Construction is expected to start in Spring 2025.

    MONTANA:

    Specialty hydrocarbon products mfr. is planning to invest $1.4 billion for the expansion and equipment upgrades on their processing facility in GREAT FALLS, MT. They are currently seeking approval for the project.

    ONTARIO:

    Mining company is planning to invest $1.3 billion for the construction of a lithium recycling facility in THUNDER BAY, ON. Construction is expected to start in 2027, with completion slated for 2028.

    NEVADA:

    Battery mfr. is planning to invest $1 billion for the construction of a 1.2 million sf manufacturing facility in RENO, NV. They are currently seeking approval for the project. Construction is expected to start in 2025.

    PENNSYLVANIA:

    Pharmaceutical company is planning to invest $800 million for the construction of 2 processing facilities on their campus in MARIETTA, PA. They are currently seeking approval for the project. Construction is expected to start in late 2024, with completion slated for late 2028.

    INDIANA:

    Food and industrial ingredients mfr. is planning to invest $400 million for the construction of a processing facility in LAFAYETTE, IN. They are currently seeking approval for the project.

    MICHIGAN:

    Semiconductor mfr. is planning to invest $325 million for the construction of a manufacturing facility on their manufacturing campus in HEMLOCK, MI. They are currently seeking approval for the project.

    FLORIDA:

    Commercial airline is planning to invest $300 million for the construction of a 354,000 sf warehouse, maintenance, and office complex in ORLANDO, FL. The project includes the renovation of their existing hangar at the site. They will consolidate their regional operations upon completion.

    NEW JERSEY:

    Fruit juice mfr. is planning to invest $200 million for the construction of a 200,000 sf processing facility in SEABROOK, NJ. Construction is expected to start in early 2025. They will relocate their operations in phases starting in early 2026, with completion slated for early 2027.

     

    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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