According to research conducted by Industrial SalesLeads' experienced team, 401 new planned industrial projects were tracked in March. This figure indicates an 8% decline in planned industrial project activity from February. Selected highlights regarding new industrial construction news and project opportunities in North America are provided below.
The following are selected highlights on throughout North America.
Planned Industrial Construction - By Project Type:
Manufacturing Facilities - 142 New Projects
Processing Facilities - 82 New Projects
Distribution and Industrial Warehouse - 183 New Projects
Power/Energy/Oil and Gas - 14 New Projects
Laboratory Facilities - 15 New Projects
Mine - 0 New Projects
Terminal - 0 New Projects
Pipeline - 0 New Projects
Planned Industrial Construction - By Scope/Activity
New Construction - 175 New Projects
Expansion - 90 New Projects
Renovations/Equipment Upgrades - 143 New Projects
Plant Closing - 26 New Projects
Planned Industrial Construction - By Location (Top 10 States)
Texas - 31
California - 27
New York - 23
Michigan - 21
Ohio - 21
Indiana - 20
Pennsylvania - 20
Florida - 19
Illinois - 15
Georgia - 13
Largest Planned Industrial Construction Project
During the month of March, 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 Venture Global, who is planning to invest $18 billion for the expansion of their processing facility in PLAQUEMINES PARISH, LA. They are currently seeking approval for the project.
Top 10 Tracked Industrial Construction Projects
TEXAS:
Global computer and technology products mfr. is planning to invest $10 billion for the construction of a 250,000 sf manufacturing facility in HOUSTON, TX. They are currently seeking approval for the project. Completion is slated for 2026.
FLORIDA:
Aerospace company is planning to invest $1.8 billion for the construction of an 815,000 sf warehouse and storage facility in CAPE CANAVERAL, FL. They are currently seeking approval for the project.
DELAWARE:
Pharmaceutical company is planning to invest $900 million for the construction of a processing facility in WILMINGTON, DE. They are currently seeking approval for the project. Completion is slated for 2030.
OHIO:
Aerospace company is planning to invest $900 million for the construction of a manufacturing complex and aircraft hangar at Rickenbacker International Airport in COLUMBUS, OH. Completion is slated for Summer 2026.
TEXAS:
Battery mfr. is planning to invest $850 million for the construction of a manufacturing facility in ROUND ROCK, TX. They are currently seeking approval for the project. Completion is slated for late 2026.
ILLINOIS:
Animal feed mfr. is planning to invest $750 million for the construction of a processing facility at 625 E. U.S. Hwy. 36 in TUSCOLA, IL. They are currently seeking approval for the project. Construction is expected to start in late 2025, with completion slated for 2028.
TEXAS:
Energy company is planning to invest $690 million for the construction of a 750 MW natural gas fired power plant in LUFKIN, TX. They are currently seeking approval for the project.
MISSISSIPPI:
Petroleum product mfr. is planning to invest $400 million for the expansion, renovation, and equipment upgrades on their processing facility in VICKSBURG, MS. They are currently seeking approval for the project. Completion is slated for 2027.
INDIANA:
Energy company is planning to invest $400 million for the construction of a power plant in FAIRBANKS TOWNSHIP, IN. They are currently seeking approval for the project.
VIRGINIA:
Chocolate mfr. is planning to invest $230 million for the construction of a processing facility in WINCHESTER, VA. They are currently seeking 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.
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