Industrial SalesLeads, IMI, just announced the April 2022 results for the newly planned capital project spending report for the Distribution and Supply Chain industry. IMI tracks North American planned industrial capital project activity; including facility expansions, new plant construction, and significant equipment modernization projects. Research confirms 170 new projects in the Distribution and Supply Chain sector.
The following are selected highlights of new Distribution Center and Warehouse construction news.
Distribution and Supply Chain – By Project Type
- Distribution/Fulfillment Centers – 43 New Projects
- Industrial Warehouse – 161 New Projects
Distribution and Supply Chain- By Project Scope/Activity
- New Construction – 83 New Projects
- Expansion – 45 New Projects
- Renovations/Equipment Upgrades – 43 New Projects
- Closing – 4 New Projects
Largest Planned Project
During the month of April, our research team identified 7 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.
The largest project is owned by VinFast Auto US, which is planning to invest $4 billion in the construction of a manufacturing and distribution facility in MONCURE, NC. They are currently seeking approval for the project. Completion is slated for 2024.
Distribution and Supply Chain – By Project Location (Top 5 States)
- Florida – 14
- Texas – 13
- California – 11
- Indiana – 10
- Ohio – 10
Top 10 Tracked Distribution and Supply Chain Project Opportunities
Pennsylvania:
Specialty chemical company is planning to invest $1.1 billion in the construction of processing, warehouse, and storage facility in POINT TOWNSHIP, PA. They are currently seeking approval for the project. Construction is expected to start in Fall 2022, with completion slated for Fall 2024.
North Carolina:
A department store chain is planning to invest $584 million for the construction of a 1.4 million SF distribution center in CHINA GROVE, NC. They are currently seeking approval for the project. Completion is slated for Summer 2023.
Wisconsin:
A real estate development company is planning to invest $300 million in the construction of a 1.57 million SF warehouse and hydroponic greenhouse facility in JANESVILLE, WI. Construction is expected to start in Fall 2022, with completion slated for late 2023.
Alabama:
Automotive mfr. is planning to invest $300 million for expansion and equipment upgrades at their warehouse and manufacturing facility in MONTGOMERY, AL.
Texas:
Custom corrugated paper products mfr. is planning to invest $200 million for the renovation and equipment upgrades on a recently leased 1 million SF distribution and manufacturing facility on S. US-67 in CEDAR HILL, TX.
New York:
Warehousing and logistics provider is planning to invest $130 million for the construction of a 2 million SF warehouse and distribution complex in HORSEHEADS, NY. Construction will occur in phases, with the completion of the first 461,000 SF warehouse and distribution facility slated for early 2023.
Arkansas:
Flexible packaging products mfr. is expanding and planning to invest $80 million in the construction of a manufacturing and distribution facility in SEARCY, AR. They have recently received approval for the project.
Tennessee:
A global shipping company is planning to invest $60 million in the construction of a 58,000 SF warehouse at 2900 Democrat Rd. in MEMPHIS, TN. They are currently seeking approval for the project.
Texas:
A waste recycling service provider is planning to invest $47 million in the construction of a 200,000 SF processing, warehouse, and institutional center in SAN ANTONIO, TX. They are currently seeking approval for the project. Completion is slated for 2024.
Kentucky:
An aviation service provider is planning to invest $40 million in the construction of a 150,000 SF warehouse, office, and maintenance hangar at Cincinnati/Northern Kentucky International Airport in HEBRON, KY. They have recently received 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.
