SalesLeads announced today the February 2022 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 74 new projects in the Food and Beverage sector.
The following are selected highlights on new Food and Beverage industry construction news.
Food and Beverage Project Type
Processing Facilities – 53 New Projects
Distribution and Industrial Warehouse – 26 New Projects
Food and Beverage Project Scope/Activity
New Construction – 24 New Projects
Expansion – 22 New Projects
Renovations/Equipment Upgrades – 33 New Projects
Plant Closing – 3 New Projects
Food and Beverage Project Location (Top 10 States)
Pennsylvania – 5
California – 5
New York – 5
Texas – 4
Illinois – 4
Kentucky – 4
Connecticut – 3
Indiana – 3
Minnesota – 3
Washington – 3
Largest Planned Project
During the month of February, our research team identified 4 new Food and Beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Norfolk Crush, who is planning to invest $375 million for the construction of a processing facility in NORFOLK, NE. They are currently seeking approval for the project. Construction is expected to start in late Spring 2022, with completion slated for 2024.
Top 10 Tracked Food and Beverage Projects
NORTH CAROLINA:
Dietary supplement mfr. is expanding and planning to invest $177 million for the construction of a 230,000 distribution center at 208 Manufacturers Blvd. in MOORESVILLE, NC. The project includes the renovation and equipment upgrades on an existing 215,000 sf processing facility at the site.
PENNSYLVANIA:
Specialty snack food mfr. is planning to invest $75 million for the expansion of their warehouse and processing facility in BEDFORD, PA by 750,000 sf. Construction is expected to start in Summer 2022.
OHIO:
Food products mfr. is planning to invest $55 million for a 60,000 sf expansion and equipment upgrades on their processing facility in HARRISON, OH. They are currently seeking approval for the project.
IOWA:
Agricultural company is planning to invest $48 million for an expansion of their processing facility in FORT DODGE, IA. Construction is expected to start in 2022, with completion slated for Fall 2024.
TEXAS:
Bakery company is planning to invest $35 million for the construction of a 137,000 sf processing facility at 2767 Research Pl. in SAN ANTONIO, TX. They are currently seeking approval for the project.
CONNECTICUT:
Beverage company is planning for the renovation and equipment upgrades on a recently leased 279,000 sf distribution center at 18 Craftsman Rd. in EAST WINDSOR, CT.
FLORIDA:
Shrimp producer is planning for the construction of a 250,000 sf processing facility in MONTICELLO, FL. They are currently seeking approval for the project.
NEBRASKA:
Agricultural cooperative is planning for the construction of a soybean processing facility in DAVID CITY, NE. They are currently seeking approval for the project. Completion is slated for 2025.
KANSAS:
Specialty food ingredient company is planning to invest $17 million for the construction of a processing facility in ATCHISON, KS. Construction is expected to start in Summer 2022, with completion slated for late 2023.
COLORADO:
Meat processing company is planning for the renovation and equipment upgrades on a recently acquired 172,000 sf processing facility at 2400 W. 29th St. in GREELEY, CO. They are currently seeking approval for the project. Completion is slated for Summer 2023.
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.
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