Research by Industrial SalesLeads’ experienced industrial market research team, shows 423 new planned industrial projects tracked during the month of November. Manufacturing and Production increased 4.3% as well as Industrial Warehouse by just about 3%. Overall, planned industrial project activity increased 1% from the previous month.
The following are selected highlights on new industrial construction news and project opportunities throughout North America.
Planned Industrial Construction – By Project Type:
- Manufacturing Facilities – 163 New Projects
- Processing Facilities – 94 New Projects
- Distribution and Industrial Warehouse – 175 New Projects
- Power/Energy/Oil and Gas – 8 New Projects
- Laboratory Facilities – 15 New Projects
- Mine – 1 New Project
- Terminal – 0 New Projects
- Pipeline – 0 New Projects
Planned Industrial Construction – By Scope/Activity
- New Construction – 177 New Projects
- Expansion – 106 New Projects
- Renovations/Equipment Upgrades – 151 New Projects
- Plant Closing – 23 New Projects
Planned Industrial Construction – By Location (Top 10 States)
- Texas – 29
- California – 27
- New York- 23
- Indiana – 21
- Ohio – 21
- Michigan – 17
- Wisconsin – 17
- Florida – 16
- Illinois – 16
- North Carolina – 16
Largest Planned Industrial Construction Project
During the month of November, our research team identified 26 new General Industrial facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Dow Chemical Canada, who is planning to invest $10 billion for the construction of a processing facility in FORT SASKATCHEWAN, AB. They are currently seeking approval for the project. Construction is expected to start in 2024, with completion slated for 2029.
Top 10 Tracked Industrial Construction Projects
NORTH CAROLINA: Automotive MFR. is planning to invest an additional $8 billion for the expansion of their currently under-construction EV battery manufacturing facility in LIBERTY, NC. Completion is slated for 2025.
TEXAS: Global electronics MFR. is planning to invest $8 billion for the construction of an additional 2.7 million manufacturing facility in TAYLOR, TX. They are currently seeking approval for the project. Construction is expected to start in late 2024.
ALBERTA: Oil and gas company is planning to invest $2 billion for the construction of a processing facility in STRATHCONA COUNTY, AB. They are currently seeking approval for the project.
BRITISH COLUMBIA: Battery MFR. is planning to invest $1 billion for the construction of a manufacturing facility in MAPLE RIDGE, BC. Construction is expected to start in Summer 2024, with completion slated for 2028.
LOUISIANA: Chemical company is planning to invest $800 million for the construction of two processing facilities in ST. GABRIEL, LA. They are currently seeking approval for the project. Construction is expected to start in 2025, with completion slated for 2026.
ALBERTA: Specialty fiber board MFR. is planning to invest $800 million for the construction of a manufacturing facility in STETTLER, AB. They are currently seeking approval for the project.
NORTH CAROLINA: Battery material MFR. is planning to invest $650 million for the construction of a 1.5 million SF manufacturing campus in WILMINGTON, NC. They have recently received approval for the project. Construction is expected to start in 2024, with completion slated for 2026.
SOUTH CAROLINA: Automotive component MFR. is planning to invest $500 million for the expansion and equipment upgrades on their manufacturing and warehouse facility at 2846 N. Old Laurens Rd. in GRAY COURT, SC. They have recently received approval for the project.
CALIFORNIA: Aerospace company is planning to invest $500 million for the renovation and equipment upgrades on their manufacturing and research facilities in LONG BEACH, CA, and MOJAVE, CA. They are currently seeking approval for the project.
ALABAMA: Steel company is planning to invest $280 million for the expansion and equipment upgrades on their manufacturing and warehouse facility in TUSCALOOSA, AL. They have recently received approval for the project. Completion is slated for Summer 2027.
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.
