Continued Q4 decline in new Industrial Manufacturing with 118 planned projects in November 2022
IMI SalesLeads announced the November 2022 results for the newly 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 Q4 Projects Totals to be October with 129 new projects and November with 118 new projects in the Industrial Manufacturing sector.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing – By Project
- Manufacturing/Production Facilities – 106 New Projects
- Distribution and Industrial Warehouse – 41 New Projects
Industrial Manufacturing – By Project Scope/Activity
- New Construction – 45 New Projects
- Expansion – 39 New Projects
- Renovations/Equipment Upgrades – 33 New Projects
- Plant Closings – 13 New Projects
Industrial Manufacturing – By Project Location (Top 10 States)
- Indiana – 7
- Minnesota – 7
- North Carolina – 7
- Ohio – 6
- Pennsylvania – 6
- California – 5
- Georgia – 5
- Iowa – 5
- New York – 5
- Quebec – 5
Largest Planned Project
During the month of November, our research team identified 16 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Freyr Battery, which is planning to invest $2.5 billion in the construction of a manufacturing facility in NEWNAN, GA. They are currently seeking approval for the project. Construction is expected to start in 2025.
Top 10 Tracked Industrial Manufacturing Projects
QUEBEC:
Automotive mfr. is planning to invest $700 million in the construction of a battery manufacturing facility in BECANCOUR, QC. They are currently seeking approval for the project. Construction is expected to start in 2023.
ARIZONA:
Consumer goods mfr. is planning to invest $500 million in the construction of a manufacturing facility at Inland Port Arizona in COOLIDGE, AZ. They are currently seeking approval for the project. Construction is expected to start in 2023, with completion slated for 2025.
MAINE:
Paper product mfr. is planning to invest $418 million for the renovation and equipment upgrades on its manufacturing facility in SKOWHEGAN, ME. They are currently seeking approval for the project.
NEW YORK:
Industrial tool and equipment mfr. is planning to invest $319 Million for the construction of a manufacturing facility on Stamp Drive in ALABAMA, NY. They are currently seeking approval for the project. Construction will occur in multiple phases, with the completion of Phase 1 slated for late 2024.
INDIANA:
Semiconductor mfr. is planning to invest $236 million for the construction of a 100,000 SF manufacturing facility in ODON, IN. They have recently received approval for the project. Completion is slated for 2024.
GEORGIA:
The apparel company is planning to invest $87 million in the construction of a manufacturing and distribution center in ELLABELL, GA. They are currently seeking approval for the project.
MISSISSIPPI:
Packaging product mfr. is planning to invest $79 million for the expansion and equipment upgrades at their manufacturing facility in PELAHATCHIE, MS. They have recently received approval for the project.
UTAH:
Telecommunication equipment mfr. is expanding and planning to invest $73 million for the construction of two manufacturing facilities in SALT LAKE CITY, UT. Completion is slated for Summer 2023.
WISCONSIN:
A pharmaceutical company is planning to invest $60 million for the expansion of a recently acquired processing facility in EAU CLAIRE, WI. They are currently seeking approval for the project.
GEORGIA:
Ammunition mfr. is planning to invest $60 million for the construction of a 300,000 SF manufacturing and warehouse facility in ELLABELL, GA. They have recently received approval for the project. They will relocate their operations upon completion.
About the Author:
Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials.
