Research by IMI SalesLeads’ experienced industrial market research team, shows 431 new planned industrial projects tracked during the month of January. Planned industrial project activity decreased 13% from the previous month.
The following are selected highlights on new industrial construction news and project opportunities throughout North America.
Planned Industrial Construction – By Project Type:
Manufacturing Facilities – 121 New Projects
Processing Facilities – 134 New Projects
Distribution and Industrial Warehouse – 177 New Projects
Power/Energy/Oil and Gas – 12 New Projects
Laboratory Facilities – 13 New Projects
Mine – 2 New Projects
Terminal – 0 New Projects
Pipeline – 0 New Projects
Planned Industrial Construction – By Scope/Activity
New Construction – 183 New Projects
Expansion – 121 New Projects
Renovations/Equipment Upgrades – 143 New Projects
Plant Closing – 24 New Projects
Planned Industrial Construction – By Location (Top 10 States)
California – 29
Texas – 26
New York – 23
Ohio – 21
Michigan – 20
Pennsylvania – 20
Florida – 19
Indiana – 18
Wisconsin – 15
South Carolina – 14
Largest Planned Industrial Construction Project
During the month of January, our research team identified 32 new General Industrial facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Tesla Inc, who is planning to invest $$3.5 billion for the construction of a manufacturing facility in RENO, NV. They are currently seeking approval for the project.
Top 10 Tracked Industrial Construction Projects
MICHIGAN:
Automotive mfr. is planning to invest $795 million for the renovation and equipment upgrades on their manufacturing facilities in FLINT, MI and BAY CITY, MI. They are currently seeking approval for the project.
TEXAS:
EV mfr. is planning to invest $770 million for the expansion of their manufacturing facility in AUSTIN, TX by 1.4 million sf. Construction will occur in four phases, with the completion of the first phase slated for early 2024.
WEST VIRGINIA:
Energy storage technology company is planning to invest $760 million for the construction of a battery manufacturing facility in WEIRTON, WV. They are currently seeking approval for the project. Completion is slated for 2024.
ALBERTA:
Mining company is considering investing $600 million for the construction of a lithium processing facility and is currently seeking a site in the RED DEER, AB area.
NEW YORK:
Public transportation authority is planning to invest $480 million for the construction of a warehouse, office, and maintenance facility in QUEENS, NY. They have recently received approval for the project. Completion is slated for late 2026.
NORTH CAROLINA:
Pharmaceutical company is planning to invest $450 million for the expansion of their processing facility in DURHAM, NC. They are currently seeking approval for the project. Completion is slated for 2027.
GEORGIA:
Specialty contractor is planning to invest $420 million for the construction of a manufacturing facility in LOCUST GROVE, GA. They are currently seeking approval for the project. Completion is slated for 2025.
TENNESSEE:
Automotive mfr. is planning to invest $250 million for the expansion of their manufacturing facility in DECHERD, TN. They are currently seeking approval for the project.
KENTUCKY:
Steel products mfr. is planning to invest $244 million for the expansion, renovation, and equipment upgrades on their manufacturing facility in GHENT, KY. They are currently seeking approval for the project.
MISSOURI:
Food processing company is planning to invest $200 million for the construction of a 327,000 sf processing facility in KANSAS CITY, MO. They are currently seeking approval for the project.
About IMI SalesLeads, Inc.
Since 1959, IMI SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI 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 Prospecting 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
News stories are submitted by member companies. Publication of a story does not indicate an endorsement of any product, event, or company by MHEDA.