Industrial Construction News: Labs, and Power, Energy and Oil & Gas with Noticeable Increases in October 2023
Research by Industrial SalesLeads experienced industrial market research team, shows 419 new planned industrial projects tracked during the month of November. Planned industrial project activity decreased by 4% from the previous month, however, there were noticeable increases in laboratory, Power / Energy / Oil & Gas.
The following are selected highlights of new industrial construction news and project opportunities throughout North America.
Planned Industrial Construction – By Project Type:
- Manufacturing Facilities – 146 New Projects
- Processing Facilities – 97 New Projects
- Distribution and Industrial Warehouse – 210 New Projects
- Power/Energy/Oil and Gas – 3 New Projects
- Laboratory Facilities – 13 New Projects
- Mine – 1 New Projects
- Terminal – 0 New Projects
- Pipeline – 0 New Projects
Planned Industrial Construction – By Scope/Activity
- New Construction – 181 New Projects
- Expansion – 116 New Projects
- Renovations/Equipment Upgrades – 125 New Projects
- Plant Closing – 27 New Projects
Planned Industrial Construction – By Location (Top 10 States)
- Texas – 28
- New York – 26
- Ohio – 21
- Florida – 20
- Indiana – 20
- North Carolina – 20
- Michigan – 19
- Illinois – 17
- Georgia – 13
- Pennsylvania – 13
Largest Planned Industrial Construction Project
During the month of November, our research team identified 31 new General Industrial facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Northvolt AB, which is planning to invest $5 billion in the construction of a manufacturing facility in MCMASTERVILLE, QC. They have recently received approval for the project. Completion is slated for late 2026.
Top 10 Tracked Industrial Construction Projects
ARKANSAS: Specialty gas company is planning to invest $3.5 billion for the construction of a gas-to-liquid processing plant in PINE BLUFF, AR. They are currently seeking approval for the project. Construction will occur in multiple phases, with completion slated for 2029.
INDIANA: Automotive MFR. is planning to invest $3.2 billion for the construction of an EV battery manufacturing facility in KOKOMO, IN. Completion is slated for early 2027.
MICHIGAN: Battery MFR. is planning to invest an additional $3 billion for the expansion of its manufacturing facility in HOLLAND, MI. They are currently seeking approval for the project.
CALIFORNIA: University is planning to invest $2 billion for the construction of a 1.4 million SF space research and development center in MOUNTAIN VIEW, CA. They are currently seeking approval for the project. Completion is slated for 2027.
LOUISIANA: Fertilizer MFR. is planning to invest $2 billion for the construction of a processing facility in ASCENSION PARISH, LA. They are currently seeking approval for the project.
QUEBEC: Specialty steel MFR. is planning to invest $1.7 billion for the construction of a manufacturing facility in SEPT-ILES, QC. They are currently seeking approval for the project. Construction is expected to start in 2026, with completion slated for 2029.
MASSACHUSETTS: Consumer goods mfr. is planning to invest $1 billion for the expansion, renovation, and equipment upgrades at its manufacturing facility in ANDOVER, MA. They will relocate their manufacturing operations from BOSTON, MA upon completion. The project includes the renovation of their corporate campus in BOSTON, MA.
INDIANA: Solar panel MFR. is planning to invest $800 million for the construction of a manufacturing facility in JEFFERSONVILLE, IN. Completion is slated for late 2025.
OHIO: Agricultural processing company is planning to invest $500 million in the construction of a soybean processing plant in UPPER SANDUSKY, OH. Construction is expected to start in early 2024.
MICHIGAN: Hydrogen technology company is planning to invest $400 million for the construction of a 510,000 sf manufacturing facility in PLYMOUTH TOWNSHIP, MI. 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 prospecting 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 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.
