SalesLeads has announced the January 2024 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 97 new projects in the Industrial Manufacturing sector as compared to 136 in December 2023.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing – By Project Type
- Manufacturing/Production Facilities – 85 New Projects
- Distribution and Industrial Warehouse – 78 New Projects
Industrial Manufacturing – By Project Scope/Activity
- New Construction – 34 New Projects
- Expansion – 30 New Projects
- Renovations/Equipment Upgrades – 36 New Projects
- Plant Closings – 14 New Projects
Industrial Manufacturing – By Project Location (Top 10 States)
- North Carolina – 11
- Indiana – 7
- Ontario – 7
- Michigan – 6
- California – 5
- Ohio – 5
- Washington – 5
- Kentucky – 4
- Massachusetts – 4
- New York – 4
Largest Planned Project
During January, our research team identified 12 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 $14 billion in the construction of an EV battery manufacturing facility and is currently seeking a site in ONTARIO.
Top 10 Tracked Industrial Manufacturing Projects
MISSISSIPPI: Energy technology company is planning to invest $2 billion for the construction of an EV battery manufacturing facility in MARSHALL COUNTY, MS. They are currently seeking approval for the project.
NORTH CAROLINA: Diesel engine MFR. is planning to invest $580 million for the expansion and equipment upgrades on their manufacturing facility in WHITAKERS, NC. They are currently seeking approval for the project.
ILLINOIS: Copper products MFR. is planning to invest $500 million for the expansion and equipment upgrades on their manufacturing facility in EAST ALTON, IL. They are currently seeking approval for the project.
CALIFORNIA: Semiconductor MFR. is planning to invest $432 million for the construction of a manufacturing facility in WEST OAKLAND, CA. They are currently seeking approval for the project.
INDIANA: Building materials mfr. is planning to invest $200 million for the construction of a 300,000 SF manufacturing facility in ANDERSON, IN. They are currently seeking approval for the project.
INDIANA: Semiconductor MFR. is planning to invest $152 million for the renovation and equipment upgrades on a 170,000 SF manufacturing facility at 301 N. Curry Pike in BLOOMINGTON, IN. They have recently received approval for the project. Completion is slated for Fall 2024.
WISCONSIN: Corrugated packaging product MFR. is planning to invest $140 million for the construction of a 550,000 SF manufacturing and warehouse facility at 9423 Koessl Court in PLEASANT PRAIRIE, WI. Construction is expected to start in Spring 2024.
CALIFORNIA: EV MFR. is planning for the construction of a 630,000 SF manufacturing and office facility on Avenue H in LANCASTER, CA. They are currently seeking approval for the project.
NEW YORK: Biotechnology company is planning to invest $100 million for the renovation of a 235,000 SF laboratory, processing, and office facility at 1 Avon Pl. in SUFFERN, NY. They have recently received approval for the project.
INDIANA: Military agency is planning to invest $100 million for the construction of a munition manufacturing facility in CRANE, IN. 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.
