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  • Posted On Friday, October 04, 2024 by Evan Lamolinara

    Const Sept 2024

    According to research conducted by Industrial SalesLeads' experienced industrial market research team, a total of 433 new planned industrial projects were tracked in September. Despite the decrease of 12% in planned industrial project activity compared to the previous month, the industry continues to show resilience and growth potential. This data provides valuable insights for professionals involved in industrial construction and serves as a key indicator for the industry's future trends and development.

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

    Planned Industrial Construction - By Project Type:

                Manufacturing Facilities - 114 New Projects

                Processing Facilities - 133 New Projects

                Distribution and Industrial Warehouse - 188 New Projects

                Power/Energy/Oil and Gas - 14 New Projects

                Laboratory Facilities - 22 New Projects

                Mine - 2 New Projects

                Terminal - 3 New Projects

                Pipeline - 0 New Projects

     Planned Industrial Construction - By Scope/Activity

                New Construction - 171 New Projects

                Expansion - 91 New Projects

                Renovations/Equipment Upgrades - 174 New Projects

                Plant Closing - 27 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

                Texas - 31

                Ohio - 24

                California - 23

                New York - 22

                Indiana - 20

                Florida - 18

                Michigan - 18

                Wisconsin - 17

                Virginia - 16

                Georgia - 13

    Largest Planned Industrial Construction Project

    During the month of September, our research team identified 41 new General Industrial facility construction projects with an estimated value of $100 million or more. 

    The largest project is owned by Wabash Valley Resources, who is planning to invest $1.5 billion for the construction of a processing facility in WEST TERRE HAUTE, IN. They are currently seeking approval for the project. Completion is slated for 2027.

    Top 10 Tracked Industrial Construction Projects

    LOUISIANA:

    Biofuel producer is planning to invest $1.3 billion for the construction of a processing facility in RESERVE, LA. They are currently seeking approval for the project. Completion is slated for 2028.

    WISCONSIN:

    Utility company is planning to invest $1.2 billion for the construction of an LNG plant in OAK CREEK, WI. They are currently seeking approval for the project. Completion is slated for late 2027.

    PENNSYLVANIA:

    Steel company is planning to invest $1 billion for the renovation and equipment upgrades on their manufacturing facilities in CLAIRTON, PA, BRADDOCK, PA, FAIRLESS HILLS, PA, and WEST MIFFLIN, PA. They are currently seeking approval for the projects.

    TENNESSEE:

    Specialty silicon product mfr. is planning to invest $1 billion for the construction of a 1.2 million sf manufacturing facility in SURGOINSVILLE, TN. They are currently seeking approval for the project. Construction is expected to start in 2026.

    NORTH CAROLINA:

    Titanium mfr. is planning to invest $868 million for the construction of a 500,000 sf manufacturing facility at 557 Bethune Dr. in FAYETTEVILLE, NC. They are currently seeking approval for the project. Completion is slated for 2027.

    KENTUCKY:

    Battery mfr. is planning to invest $712 million for the construction of a manufacturing facility in SHELBYVILLE, KY. They are currently seeking approval for the project.

    ARIZONA:

    Mining company is planning to invest $500 million for the construction of a manganese processing facility in TUCSON, AZ. They are currently seeking approval for the project.

    INDIANA:

    Solar panel mfr. is planning to invest $500 million for the renovation and equipment upgrades on a 781,000 sf manufacturing and warehouse facility at 5880 W. Indiana 28 in TIPTON, IN. Construction is expected to start in early 2025, with completion slated for fall 2026.

    MICHIGAN:

    Renewable energy company is planning to invest $453 million for the construction of a solar farm in CALHOUN COUNTY, MI. Completion is slated for 2026.

     ARKANSAS:

    Renewable energy company is planning to invest $400 million for the construction of a 180 MW wind farm in CARROLL COUNTY, AR. 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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