Virginia Industrial Construction Project Activity Grew with 126 New Projects in 2024

Industrial SalesLeads announced the new Virginia Industrial Construction Project Activity and Manufacturing Capex Report for 2024. The Virginia Report for new planned industrial capex activity for the state of Virginia includes industrial activity for facility expansions, new plant construction and significant equipment modernization projects. Virginia experienced a total of 126 new projects in 2024, according to Industrial SalesLeads’ yearly report.

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

Planned Industrial Construction in Virginia by Project Type:

          Manufacturing Facilities - 36 New Projects

          Processing Facilities - 27 New Projects

          Distribution and Industrial Warehouse - 46 New Projects

          Power/Energy/Oil and Gas - 6 New Projects

          Laboratory Facilities - 1 New Project

          Mine - 1 New Project

          Data Center - 7 New Projects

Planned Industrial Construction in Virginia by Scope/Activity

          New Construction - 44 New Projects

          Expansion - 34 New Projects

          Renovations/Equipment Upgrades - 59 New Projects

          Relocations - 19 New Projects

          Plant Closing - 6 New Projects

Opportunities - By Equipment Need

          Air Emissions Control Equipment - 61

          Compressed Air Systems - 110

          Control Systems and Instrumentation - 64

          Conveyors - 71

          Floor Coatings - 71

          Material Handling/Storage Equipment - 81

          Mechanical Construction - 112

          Packaging Equipment - 48

          Process Equipment - 23

          Tanks/Vessels - 22

Largest Planned Industrial Construction Projects in Virginia

During the year 2024, our research team identified 11 industrial construction projects in VIRGINIA with an estimated value of $100 million or more. 

The largest project is owned by Avaio Digital, who is planning to invest $3 billion for the construction of a data center campus in APPOMATTOX, VA. They are currently seeking approval for the project. 

Top 10 Tracked Industrial Projects in Virginia

Richmond, VA

Fusion energy company is planning to invest $2.5 billion for the construction of a nuclear fusion power plant in RICHMOND, VA. They are currently seeking approval for the project. Completion is slated for early 2030.

Manassas, VA

Semiconductor mfr. is planning to invest $2.2 billion for the expansion and equipment upgrades on their manufacturing facility in MANASSAS, VA. They are currently seeking approval for the project.

Richmond, VA

Construction company is planning to invest $1 billion for the construction of a data center in RICHMOND, VA.

Chesapeake, VA

Industrial wire and cable mfr. is planning to invest $681 million for the construction of a 750,000 sf manufacturing and warehouse facility at 1213 Victory Blvd. in CHESAPEAKE, VA. Construction is expected to start in early 2025, with completion slated for early 2028.

Chesterfield, VA

Clean energy technology company is planning to invest $400 million for the construction of an electrolyzer processing facility in CHESTERFIELD, VA. Completion is slated for 2028.

Charlottesville, VA

Pharmaceutical company is planning to invest $200 million for the expansion of their processing facility at 2020 Avon Crt. in CHARLOTTESVILLE, VA.

Cumberland County, VA

Renewable energy company is planning to invest $200 million for the construction of a 150 MW solar farm in CUMBERLAND COUNTY, VA. Construction is expected to start in 2028.

Suffolk, VA

Specialty chemical company is planning to invest $193 million for the construction of an 80,000 sf processing facility in SUFFOLK, VA

 James City County, VA

Defense contractor is planning to invest $100 million for the renovation and equipment upgrades on a 150,000 sf manufacturing facility in JAMES CITY COUNTY, VA.

Winchester, VA

Dairy company is planning to invest $84 million for the expansion and equipment upgrades on their processing facility in WINCHESTER, VA.

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: