Ohio Announced 262 New Construction Industrial Projects in 2024, According to the CapEx Report

Industrial SalesLeads has published the results for Ohio’s 2024 planned industrial capital project spending. The Firm tracks planned industrial activity across North America, including facility expansions, new plant constructions, and major equipment modernization projects. Research for 2024 authorized the identification of 262 new industrial projects.

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

Planned Industrial Construction in OHIO by Project Type:

          Manufacturing Facilities - 119 New Projects

          Processing Facilities - 42 New Projects

          Distribution and Industrial Warehouse - 111 New Projects

          Power/Energy/Oil and Gas - 4 New Projects

          Laboratory Facilities - 4 New Projects

 Planned Industrial Construction in OHIO by Scope/Activity

          New Construction - 92 New Projects

          Expansion - 82 New Projects

          Renovations/Equipment Upgrades - 108 New Projects

          Relocations - 42 New Projects

          Plant Closing - 17 New Projects

Opportunities - By Equipment Need

          Air Emissions Control Equipment - 138 

          Compressed Air Systems - 228

          Control Systems and Instrumentation - 144

          Conveyors - 150

          Floor Coatings - 155

          Material Handling/Storage Equipment - 191

          Mechanical Construction - 216

          Packaging Equipment - 112

          Process Equipment - 37

          Tanks/Vessels - 29

Largest Planned Industrial Construction Projects in OHIO

During the year 2024, our research team identified 22 industrial construction projects in OHIO with an estimated value of $100 million or more. 

The largest project is owned by Intel Corporation, who is investing $28 billion for the construction of a manufacturing and office campus in NEW ALBANY, OH. Completion is slated for late 2026. 

Top 10 Tracked Industrial Projects in OHIO

Johnstown, OH

Datacenter company is planning to invest $7 billion for the construction of a 2 million sf data center campus at 12017 Duncan Plains Rd. in JOHNSTOWN, OH. They are currently seeking approval for the project.

Lima, OH and Oregon, OH

Energy company is planning to invest $1.5 billion for the expansion and equipment upgrades on their processing facilities in LIMA, OH, and OREGON, OH.

Middletown, OH

Steel mfr. is planning to invest $1.2 billion for the renovation and equipment upgrades on their manufacturing facility in MIDDLETOWN, OH.

Dayton, OH

Recycled paper products mfr. is planning to invest $600 million for the construction of a manufacturing and warehouse facility on Olive Rd. in DAYTON, OH.

Niles, OH

Graphite product mfr. is planning to invest $435 million for the construction of a manufacturing facility in NILES, OH.

New Albany, OH

Global software and technology company is planning to invest $420 million for the construction of a 245,000 sf data center in NEW ALBANY, OH. Construction is expected to start in Summer 2025, with completion slated for late 2027.

New Albany, OH

Data center operator is planning to invest $400 million for the construction of a data center campus at 12181 Jug St. in NEW ALBANY, OH. Construction will occur in multiple phases.

Dover, OH

EV automobile mfr. is planning to invest $230 million for the construction of a manufacturing facility in DOVER, OH. Completion is slated for early Fall 2025.

Reading, OH

Chemical company is planning to invest $130 million for the construction of a 100,000 sf processing facility at 2000 W St. in READING, OH. Construction is expected to start in 2025. They will relocate a portion of their operations upon completion in 2027.

Columbiana County, OH

Aluminum company is considering investing $130 million for the construction of a manufacturing facility and is currently seeking a site in COLUMBIANA COUNTY, OH.

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: