Industrial Manufacturing shows weak growth in August 2022 with 140 new planned projects
SalesLeads announced the August 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 140 new projects in the Industrial Manufacturing sector down from 156 in July.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing – By Project Type
- Manufacturing/Production Facilities – 125 New Projects
- Distribution and Industrial Warehouse – 41 New Projects
Industrial Manufacturing – By Project Scope/Activity
- New Construction – 55 New Projects
- Expansion – 54 New Projects
- Renovations/Equipment Upgrades – 35 New Projects
- Plant Closings – 11 New Projects
Industrial Manufacturing – By Project Location (Top 10 States)
- Texas – 13
- North Carolina – 11
- Michigan – 10
- New York – 8
- Ohio – 8
- Wisconsin – 7
- Pennsylvania – 6
- Alabama – 5
- California – 5
- Minnesota- 5
Largest Planned Project
During the month of August, our research team identified 19 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more. The largest project is owned by Honda Motor Company, which is planning to invest $4 billion in the construction of an EV battery manufacturing facility and is currently seeking a site in the MARYSVILLE, OH area.
Top 10 Tracked Industrial Manufacturing Projects
TEXAS:
A solar panel mfr. is considering investing $2 billion to construct a manufacturing facility and is currently seeking a site in the FORT WORTH or DALLAS, TX area.
TENNESSEE:
Tire mfr. is planning to invest $550 million for an 850,000 SF expansion, renovation, and equipment upgrades on their manufacturing facility in MORRISON, TN. They are currently seeking approval for the project. Renovations are expected to start in late 2022, with completion slated for Spring 2024.
KENTUCKY:
EV Battery component mfr. is planning to invest $310 million in the construction of a 450,000 SF manufacturing facility in HOPKINSVILLE, KY. Construction is expected to start in late 2022, with completion slated for late 2023.
ALBERTA:
Specialty building materials mfr. is planning to invest $210 million to construct a manufacturing facility in CARSELAND, AB. They have recently received approval for the project. Construction is expected to start in 2023.
ALABAMA:
Wood product mfr. is planning to invest $210 million in the construction of a sawmill and manufacturing complex in MOBILE, AL. They will relocate their operations upon completion in Fall 2024.
INDIANA:
Battery mfr. is planning for the construction of a manufacturing facility on Fillmore Rd. in NEW CARLISLE, IN. They are currently seeking approval for the project.
MICHIGAN:
Building materials mfr. is planning to invest $194 million for a 134,000 SF expansion and equipment upgrades on their manufacturing facility in SAGOLA, MI. They have recently received approval for the project.
NORTH CAROLINA:
Pharmaceutical packaging product mfr. is planning to invest $94 million for the expansion and equipment upgrades on their manufacturing, warehouse, and office facility in MORGANTON, NC. They have recently received approval for the project.
OHIO:
Woodworking tools mfr. is planning for the construction of a 425,000 SF warehouse and manufacturing facility at 1564 W. 130th St. in BRUNSWICK, OH. They have recently received approval for the project. Construction will occur in two phases. They will relocate their operations upon completion.
TEXAS:
An Aerospace company is planning to invest $50 million to construct a manufacturing facility in AMARILLO, TX. They are currently seeking approval for the project.
About SalesLeads, Inc.
Since 1959, 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.
