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Posted On Friday, January 31, 2025 by Vince Antoine

Indiana

Industrial SalesLeads announced today the CY2024 results for the new planned industrial capital project spending report for the state of Indiana. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. The Research team confirms 252 new projects identified in Indiana during 2024. 

The following are selected highlights on recent Indiana industrial construction news and manufacturing capital projects.

Planned Industrial Construction in INDIANA by Project Type:

              Manufacturing Facilities - 114 New Projects

              Processing Facilities - 60 New Projects

              Distribution and Industrial Warehouse - 89 New Projects

              Power/Energy/Oil and Gas - 2 New Projects

              Laboratory Facilities - 5 New Projects

Planned Industrial Construction in INDIANA by Scope/Activity

              New Construction - 91 New Projects

              Expansion - 44 New Projects

              Renovations/Equipment Upgrades - 134 New Projects

              Relocations - 7 New Projects

              Plant Closing - 13 New Projects

Opportunities - By Equipment Need

              Air Emissions Control Equipment - 157  

              Compressed Air Systems - 229

              Control Systems and Instrumentation - 164

              Conveyors - 181

              Floor Coatings - 125

              Material Handling/Storage Equipment - 203

Mechanical Construction - 213

              Packaging Equipment - 141

              Process Equipment - 52

              Tanks/Vessels - 34

Largest Planned Industrial Construction Projects in INDIANA

During the year 2024, our research team identified 28 industrial construction projects in INDIANA with an estimated value of $100 million or more. 

The largest project is owned by SK hynix America Inc., who is considering investing $15 billion for the construction of a manufacturing facility and currently seeking a site in INDIANA.  

Top 10 Tracked Industrial Projects in INDIANA

New Carlisle, IN

Cloud computing service provider is planning to invest $11 billion for the construction of a data center campus in NEW CARLISLE, IN.

Lebanon, IN

Pharmaceutical company is planning to invest $5 billion for an expansion of their processing facility in LEBANON, IN. Completion is slated for 2028.

Lebanon, IN

Pharmaceutical company is planning to invest $4.5 billion for the construction of a processing, laboratory, and research campus in LEBANON, IN. 

Calhoun County, IN

Semiconductor packaging mfr. is planning to invest $4 billion for the construction of a 430,000 sf manufacturing and research facility at 1281 Win Hentschel Blvd. in WEST LAFAYETTE, IN. Completion is slated for Fall 2028.

West Terre Haute, IN

Fertilizer mfr. is planning to invest $1.5 billion for the construction of a processing facility in WEST TERRE HAUTE, IN. Completion is slated for 2027.

Princeton, IN

Automotive mfr. is planning to invest $1.4 billion for the expansion, renovation, and equipment upgrades on their manufacturing facility in PRINCETON, IN. Construction is expected to start in Fall 2024, with completion slated for late 2026.

La Porte, IN

Global software and technology company is planning to invest $1 billion for the construction of a data center campus in LA PORTE, IN.

Lafayette, IN

Construction equipment mfr. is planning to invest $725 million for a 300,000 sf expansion and equipment upgrades on their manufacturing facility in LAFAYETTE, IN. Completion is slated for late 2027.

Tipton, IN

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.

Mitchell, IN

Cement mfr. is planning to invest $500 million for the renovation and equipment upgrades on their processing facility in MITCHELL, IN. 



About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and Outsourced Lead Generation services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, 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 Lead Generation 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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