Tennessee to Add 147 New Industrial Projects in 2024, Driving Economic Growth

Industrial SalesLeads has released the 2024 report on planned industrial capital project spending in Tennessee. The Firm monitors industrial project activity across North America, including facility expansions, new plant construction, and major equipment modernization efforts. Research findings confirm the identification of 147 new industrial projects in Tennessee for 2024, indicating continued investment and development in the state’s industrial sector.

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

Planned Industrial Construction in Tennessee by Project Type:

          Manufacturing Facilities - 63 New Projects

          Processing Facilities - 29 New Projects

          Distribution and Industrial Warehouse - 62 New Projects

          Power/Energy/Oil and Gas - 2 New Projects

          Laboratory Facilities - 1 New Project

          Data Center - 1 New Project

Planned Industrial Construction in Tennessee by Scope/Activity

          New Construction - 58 New Projects

          Expansion - 48 New Projects

          Renovations/Equipment Upgrades - 41 New Projects

          Relocations - 17 New Projects

          Plant Closing - 12 New Projects

Opportunities - By Equipment Need

          Air Emissions Control Equipment - 74

          Compressed Air Systems - 129

          Control Systems and Instrumentation - 77

          Conveyors - 84

          Floor Coatings - 93

          Material Handling/Storage Equipment - 109

          Mechanical Construction - 123

          Packaging Equipment - 61

          Process Equipment - 22

          Tanks/Vessels - 20

Largest Planned Industrial Construction Projects in Tennessee

During the year 2024, our research team identified 13 industrial construction projects in TENNESSEE with an estimated value of $100 million or more. 

The largest project is owned by Ford Motor Company, who is investing $5.6 billion for the construction of a 4 million sf EV automotive and battery manufacturing campus in STANTON, TN. Completion is slated for Fall 2027. 

Top 10 Tracked Industrial Projects in Tennessee

Oak Ridge, TN

Federal agency is planning to invest $2.5 billion for the expansion of their laboratory and research campus in OAK RIDGE, TN.

Surgoinsville, TN

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

Chattanooga, TN

Battery component mfr. is considering investing $1 billion for the construction of a manufacturing facility and currently seeking a site in the CHATTANOOGA, TN area.

Knoxville, TN

Industrial ventilation equipment mfr. is planning to invest $300 million for the construction of a manufacturing, warehouse, and office campus in KNOXVILLE, TN. Construction will occur in phases, with completion of the first phase slated for Summer 2026.

Memphis, TN

HVAC equipment mfr. is planning to invest $238 million for the renovation and equipment upgrades on a 787,000 sf manufacturing facility at 5106 Tradeport Dr. in MEMPHIS, TN. They are currently seeking approval for the project.

Knoxville, TN

Industrial paint and coating mfr. is planning to invest $225 million for the construction of a 250,000 sf processing and warehouse facility in KNOXVILLE, TN. Completion is slated for 2026.

Clinton, TN

Clean energy technology company is planning to invest $223 million for the construction of a fusion power plant at 1265 Edgemoor Rd. in CLINTON, TN.

Clarksville, TN

Industrial gas mfr. is planning to invest $150 million for the expansion of their processing facility in CLARKSVILLE, TN. Completion is slated for 2027.

 Athens, TN

Automotive component mfr. is planning to invest $100 million for a 55,000 sf expansion, renovation, and equipment upgrades on their manufacturing facility in ATHENS, TN.

Mt. Juliet, TN

Electrical component mfr. is planning to invest $85 million for the renovation and equipment upgrades on a 400,000 sf manufacturing facility on Maddox Rd. in MT. JULIET, TN. 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 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:

• Industrial Manufacturing
• Plastics
• Food and Beverage
• Metals
• Power Generation
• Pulp Paper and Wood
• Oil and Gas
• Mining and Aggregates
• Chemical
• Research and Development
• Distribution and Supply Chain
• Pipelines
• Pharmaceutical
• Misc. Industrial Buildings
• Waste Water Treatment
• Data Centers