Industrial SalesLeads has announced the January 2025 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm monitors planned industrial capital projects across North America, encompassing facility expansions, new plant construction, and major equipment upgrades. Research confirms 129 new projects in the Industrial Manufacturing sector for the start of the new year.
The following are selected highlights of the new Industrial Manufacturing industry construction news.
Industrial Manufacturing – By Project Type
- Manufacturing/Production Facilities – 116 New Projects
- Distribution and Industrial Warehouse – 83 New Projects
Industrial Manufacturing – By Project Scope/Activity
- New Construction – 37 New Projects
- Expansion – 39 New Projects
- Renovations/Equipment Upgrades – 56 New Projects
- Plant Closings – 19 New Projects
Industrial Manufacturing – By Project Location (Top 10 States)
- New York – 16
- North Carolina – 12
- Ohio – 11
- Indiana – 9
- Michigan – 7
- Missouri – 6
- Pennsylvania – 6
- Tennessee – 6
- Wisconsin – 6
- California – 5
Largest Planned Project
During the month of January, our research team identified 16 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Hyundai-Steel America, Inc., which is planning to invest $7 billion in constructing a manufacturing facility in NEW ORLEANS, LA. They are currently seeking approval for the project. Construction is expected to start in early 2026, with completion slated for 2029.
Top 10 Tracked Industrial Manufacturing Projects
NEW YORK:
Semiconductor MFR. plans to invest $575 million to construct a laboratory and manufacturing facility on its campus in MALTA, NY, and $186 million to renovate its existing manufacturing facility at the site. The company is currently seeking approval for the projects.
SOUTH CAROLINA:
Aggregate supplier is planning to invest $450 million for the construction of processing facilities in CHESTER COUNTY, SC; EDGEFIELD COUNTY, SC; SALUDA COUNTY, SC; and SPARTANBURG COUNTY, SC. The project also includes expanding their processing facilities in FAIRFIELD COUNTY, SC, and KERSHAW COUNTY, SC.
NORTH CAROLINA:
Aerospace component MFR. plans to invest $285 million in the expansion and equipment upgrades of its manufacturing facility in ASHEVILLE, NC. The company is currently seeking approval for the project.
IOWA:
Paper product MFR. plans to invest $260 million to construct a 900,000 SF manufacturing and warehouse facility in WATERLOO, IA. They are currently seeking approval for the project.
UTAH:
Utility structure MFR. is planning to invest $200 million in the construction of a manufacturing facility on their manufacturing campus in BRIGHAM CITY, UT. They are currently seeking approval for the project.
SOUTH CAROLINA:
Energy equipment MFR. plans to invest $160 million to expand its manufacturing facility in Greenville, SC. The company is currently seeking approval for the project.
OHIO:
A steel company plans to invest $130 million to expand its manufacturing facility in DELTA, OH. It is currently seeking approval for the project, which is slated for completion in 2027.
UTAH:
Fuel cell MFR. plans to invest $99 million in their processing facility’s expansion and equipment upgrades in NORTH SALT LAKE, UT. They are currently seeking approval for the project.
PENNSYLVANIA:
Semiconductor MFR. plans to invest $79 million in expansion and equipment upgrades at its manufacturing facility in EASTON, PA. The company is currently seeking approval for the project.
MISSOURI:
Electrical parts MFR. plans to invest $74 million to expand its manufacturing facility on Paris Rd. in Columbia, MO, by 58,000 SF. The company is 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, 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.
