Industrial Capital Project Spending Report for 2024: 119 New Projects Identified in Kentucky

Industrial SalesLeads released the 2024 report for industrial capital project spending for the state of Kentucky. The Firm monitors planned industrial project activity across North America, covering facility expansions, new plant constructions, and major equipment modernization initiatives. According to the research results, there were 119 new industrial projects identified in Kentucky for 2024.

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

Planned Industrial Construction in KENTUCKY by Project Type:

          Manufacturing Facilities - 37 New Projects

          Processing Facilities - 33 New Projects

          Distribution and Industrial Warehouse - 33 New Projects

          Power/Energy/Oil and Gas - 2 New Projects

          Laboratory Facilities - 4 New Projects

          Data Center - 1 New Project

Planned Industrial Construction in KENTUCKY by Scope/Activity

          New Construction - 64 New Projects

          Expansion - 31 New Projects

          Renovations/Equipment Upgrades - 29 New Projects

          Relocations - 20 New Projects

          Plant Closing - 4 New Projects

Opportunities - By Equipment Need

          Air Emissions Control Equipment - 64 

          Compressed Air Systems - 114

          Control Systems and Instrumentation - 61

          Conveyors - 57

          Floor Coatings - 85

          Material Handling/Storage Equipment - 79

          Mechanical Construction - 105

          Packaging Equipment - 44

          Process Equipment - 28

          Tanks/Vessels - 25

Largest Planned Industrial Construction Projects in KENTUCKY

During the year 2024, our research team identified 15 industrial construction projects in KENTUCKY with an estimated value of $100 million or more. 

The largest project is owned by Cameco Corporation, who is planning to invest $1 billion for the construction of a processing facility in WEST PADUCAH, KY. 

Top 10 Tracked Industrial Projects in KENTUCKY

Georgetown, KY

Automotive mfr. is planning to invest $922 million for a 1 million sf expansion and equipment upgrades on their manufacturing and warehouse facility in GEORGETOWN, KY. Completion is slated for 2027.

Shelbyville, KY

Battery storage mfr. is planning to invest $712 million for the renovation and equipment upgrades on a 1-million sf manufacturing facility at 139 Logistics Dr. in SHELBYVILLE, KY. They have recently received approval for the project. Completion is slated for late 2025.

Graham, KY

Defense contractor is planning to invest $435 million for the construction of a processing facility in GRAHAM, KY. They are currently seeking approval for the project.

Shelbyville, KY

Automotive mfr. is planning to invest $400 million for the construction of a manufacturing facility in SHELBYVILLE, KY.

Owensboro, KY

Specialty food products mfr. is planning to invest $156 million for a 320,000 sf expansion and equipment upgrades on their processing facility in OWENSBORO, KY.

Maysville, KY

Electric component mfr. is planning to invest $144 million to repurpose their manufacturing facility in MAYSVILLE, KY.

Walton, KY

Beverage company is planning to invest $114 million for the construction of a processing facility in WALTON, KY.

Hopkinsville, KY

Fertilizer mfr. is planning to invest $109 million for the construction of a processing facility at 200 Recharge Blvd. in HOPKINSVILLE, KY. They are currently seeking approval for the project. Construction is expected to start in Summer 2025.

Scottsville, KY

Flexible packaging products mfr. is planning to invest $99 million for the construction of a 156,000 sf manufacturing facility in SCOTTSVILLE, KY. Construction is expected to start in Summer 2025, with completion slated for 2026.

Henderson, KY

Aluminum product mfr. is planning to invest $85 million for the expansion of their manufacturing facility in HENDERSON, KY by 80,000 sf. Completion is slated for 2026.

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: