A steady six months of moderate growth continues with 161 new Industrial Manufacturing Planned Projects for November 2023
Industrial SalesLeads has announced the November 2023 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 161 new projects in the Industrial Manufacturing sector in November, the same number of projects was for October 2023.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing – By Project Type
- Manufacturing/Production Facilities – 144 New Projects
- Distribution and Industrial Warehouse – 87 New Projects
Industrial Manufacturing – By Project Scope/Activity
- New Construction – 52 New Projects
- Expansion – 51 New Projects
- Renovations/Equipment Upgrades – 68 New Projects
- Plant Closings – 11 New Projects
Industrial Manufacturing – By Project Location (Top 10 States)
- Indiana – 13
- New York – 10
- Ohio – 10
- Wisconsin – 10
- North Carolina – 9
- Georgia – 8
- Michigan – 8
- Texas – 7
- Alabama – 6
- California – 6
Largest Planned Project
During the month of November, our research team identified 14 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more. The largest project is owned by Samsung Electronics America Inc., who is planning to invest $8 billion for the construction of an additional 2.7 million manufacturing facility in TAYLOR, TX. They are currently seeking approval for the project. Construction is expected to start in late 2024.
Top 10 Tracked Industrial Manufacturing Projects
NORTH CAROLINA:
Automotive MFR. is planning to invest an additional $8 billion for the expansion of their currently under-construction EV battery manufacturing facility in LIBERTY, NC. Completion is slated for 2025.
BRITISH COLUMBIA:
Battery MFR. is planning to invest $1 billion for the construction of a manufacturing facility in MAPLE RIDGE, BC. Construction is expected to start in Summer 2024, with completion slated for 2028.
ALBERTA:
Specialty fiber board MFR. is planning to invest $800 million for the construction of a manufacturing facility in STETTLER, AB. They are currently seeking approval for the project.
SOUTH CAROLINA:
Automotive component MFR. is planning to invest $500 million for the expansion and equipment upgrades on their manufacturing and warehouse facility at 2846 N. Old Laurens Rd. in GRAY COURT, SC. They have recently received approval for the project.
CALIFORNIA:
Aerospace company is planning to invest $500 million for the renovation and equipment upgrades on their manufacturing and research facilities in LONG BEACH, CA, and MOJAVE, CA. They are currently seeking approval for the project.
ALABAMA:
Steel company is planning to invest $280 million for the expansion and equipment upgrades on their manufacturing and warehouse facility in TUSCALOOSA, AL. They have recently received approval for the project. Completion is slated for Summer 2027.
NORTH CAROLINA:
Printing and packaging company is planning to invest $233 million for the construction of a manufacturing facility in LINWOOD, NC. They are currently seeking approval for the project. Completion is slated for 2026.
VIRGINIA:
Aerospace and defense technology company is planning to invest $200 million for the construction of a 315,000 sf manufacturing facility on Shenandoah Village Dr. in WAYNESBORO, VA. They have recently received approval for the project. Completion is slated for Summer 2025.
CALIFORNIA:
Semiconductor MFR. is planning to invest $180 million for the expansion of their manufacturing facilities in SAN JOSE, CA, and SUNNYVALE, CA. They are currently seeking approval for the project.
GEORGIA:
Automotive component MFR. is planning to invest $176 million for the construction of a manufacturing facility in DUBLIN, GA. They have recently received approval for the project. Completion is slated for late 2025.
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.
