SalesLeads has announced the October 2021 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 163 new projects in the Industrial Manufacturing sector.
The following are selected highlights on new Industrial Manufacturing industry construction news.
Industrial Manufacturing – By Project Type
- Manufacturing/Production Facilities – 148 New Projects
- Distribution and Industrial Warehouse – 53 New Projects
Industrial Manufacturing – By Project Scope/Activity
- New Construction – 41 New Projects
- Expansion – 61 New Projects
- Renovations/Equipment Upgrades – 72 New Projects
- Plant Closings – 13 New Projects
Industrial Manufacturing – By Project Location (Top 10 States)
- Ontario – 10
- Indiana – 10
- Texas – 9
- Ohio – 8
- Michigan – 8
- North Carolina – 8
- Pennsylvania – 7
- New York – 7
- South Carolina – 6
- Illinois – 6
Largest Planned Project
During the month of October, our research team identified 17 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Ford Motor Company, which is planning to invest $5.8 billion for the construction of two EV automotive and battery manufacturing facilities in GLENDALE, KY. They are currently seeking approval for the project. Completion is slated for 2025 and 2026.
Top 10 Tracked Industrial Manufacturing Projects
ONTARIO:
Automotive mfr. is planning to invest $1.5 billion for the renovation and equipment upgrades on their manufacturing facility in WINDSOR, ON. They are currently seeking approval for the project.
KENTUCKY:
Home appliance mfr. is planning to invest $450 million for the expansion, renovation, and equipment upgrades on their manufacturing facility in LOUISVILLE, KY. They have recently received approval for the project.
FLORIDA:
Satellite mfr. is planning to invest $300 million for the construction of a 660,000 s.f. manufacturing facility in CAPE CANAVERAL, FL. Construction is expected to start in Summer 2022.
INDIANA:
Automotive mfr. is planning to invest $230 million for the renovation and equipment upgrades on their three manufacturing facilities in KOKOMO, IN. They have recently received approval for the project.
TEXAS:
Metal products mfr. and distributor is planning to invest $200 million for an expansion of their manufacturing facility in NASH, TX. They are currently seeking approval for the project.
NEW YORK:
Aluminum products mfr. is planning to invest $130 million for expansion and equipment upgrades on their manufacturing facility in OSWEGO, NY. Construction is expected to start in Spring 2022, with completion slated for 2024.
TENNESSEE:
Automotive mfr. is planning for the renovation and equipment upgrades on their manufacturing facility at 983 Nissan Dr. in SMYRNA, TN. They are currently seeking approval for the project.
OHIO:
A clinical research firm is considering investing $100 million for the construction of a 40,000 s.f. manufacturing facility and currently seeking a site in the CINCINNATI, OH area.
NORTH CAROLINA:
Flooring products mfr. is planning to invest $87 million for an expansion of their manufacturing facility in THOMASVILLE, NC. They have recently received approval for the project.
MISSOURI:
Medical device mfr. is planning to invest $83 million for a 58,000 s.f. expansion and equipment upgrades on their processing facility in ST. LOUIS, MO. Completion is slated for Fall 2023.
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.
