Q3 2023 new Industrial Manufacturing planned projects remain flat with 150 for September
SalesLeads has announced the September 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 150 new projects in September as compared to 151 in August and 140 in July.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing – By Project Type
- Manufacturing/Production Facilities – 139 New Projects
- Distribution and Industrial Warehouse – 90 New Projects
Industrial Manufacturing – By Project Scope/Activity
- New Construction – 42 New Projects
- Expansion – 57 New Projects
- Renovations/Equipment Upgrades – 48 New Projects
- Plant Closings – 17 New Projects
Industrial Manufacturing – By Project Location (Top 10 States)
- California – 11
- Michigan – 11
- Wisconsin – 10
- Ohio – 9
- Indiana – 8
- Texas – 8
- Pennsylvania – 7
- Georgia – 6
- Ontario – 6
- New York – 5
Largest Planned Project
During the month of September, 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 Cummins Inc., who is considering investing $3 billion for the construction of a battery manufacturing facility and currently seeking a site in INDIANA.
Top 10 Tracked Industrial Manufacturing Projects
ALBERTA:
Packaging and paper product MFR. is planning to invest $584 million for the expansion and equipment upgrades on a manufacturing facility in HINTON, AB. They are currently seeking approval for the project. Completion is slated for Fall 2027.
QUEBEC:
Copper foil MFR. is planning to invest $514 million for the renovation and equipment upgrades on a manufacturing facility in GRANBY, QC. They are currently seeking approval for the project. Completion is slated for 2026.
PENNSYLVANIA:
Custom corrugated packaging products MFR. is planning to invest $500 million for the renovation and equipment upgrades on their multiple manufacturing facilities in PA. They are currently seeking approval for the project.
OHIO:
Air taxi MFR. is planning to invest $478 million for the construction of a manufacturing and warehouse facility in DAYTON, OH. They have recently received approval for the project. Construction is expected to start in 2024, with completion slated for 2025.
NEW MEXICO:
Semiconductor MFR. is planning to invest $300 million for the renovation and equipment upgrades on a manufacturing facility in RIO RANCHO, NM. They are currently seeking approval for the project.
BRITISH COLUMBIA:
Wood product MFR. is planning to invest $200 million for the construction of a manufacturing facility in HOUSTON, BC. They are currently seeking approval for the project. Construction is expected to start in 2024.
OHIO:
Global plumbing and heating equipment MFR. is planning to invest $200 million for the construction of a 180,000 SF manufacturing facility in SHALERSVILLE, OH. They are currently seeking approval for the project. Construction is expected to start in late 2023, with completion slated for early 2025.
TEXAS:
Solar panel MFR. is planning to invest $200 million for the construction of a 1-million sf manufacturing and distribution facility in WILMER, TX. They are currently seeking approval for the project. Completion is slated for 2024.
VIRGINIA:
Glass MFR. is planning to invest $155 million for a 360,000 SF expansion of their manufacturing and distribution facility in RIDGEWAY, VA. They are currently seeking approval for the project. Completion is slated for late 2025.
FLORIDA:
Aerospace company is planning to invest $150 million for the construction of a 200,000 SF manufacturing facility in TITUSVILLE, FL. 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.
