IMI SalesLeads announced today the October 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 71 new projects in October, compared to 80 new projects in September for 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 – 47 New Projects
Distribution and Industrial Warehouse – 29 New Projects
Food and Beverage Project Scope/Activity
New Construction – 25 New Projects
Expansion – 28 New Projects
Renovations/Equipment Upgrades – 19 New Projects
Plant Closing – 3 New Projects
Food and Beverage Project Location (Top 10 States)
Michigan – 5
Georgia – 4
New York – 4
Texas – 4
California – 3
Iowa – 3
Massachusetts – 3
Pennsylvania – 3
Tennessee – 3
Wisconsin – 3
Opportunities – By Equipment Need
Air Emissions Control Equipment – 43
Compressed Air Systems – 67
Control Systems and Instrumentation – 43
Conveyors – 56
Floor Coatings – 43
Material Handling/Storage Equipment – 66
Mechanical Construction – 57
Packaging Equipment – 40
Process Equipment – 40
Tanks/Vessels – 28
Largest Planned Project
During the month of October, 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 Manna Beverages & Ventures, who is planning to invest $600 million for the construction of a 1.7 million sf processing, distribution, and laboratory complex in MONTGOMERY, AL. They have recently received approval for the project. Completion is slated for 2025.
Top 10 Tracked Food and Beverage Projects
VIRGINIA:
Company Name: Plenty Unlimited Inc.
Indoor farming company is planning to invest $300 million for the construction of a growing and processing facility in CHESTERFIELD, VA. They have recently received approval for the project. Construction will occur in multiple phases, with completion slated for late 2024.
Anticipated Investment: $300,000,000
Reason Behind Expansion: Establish a new growing and processing facility
Tax Incentives: $2,900,000
Project Contacts:
Megan Gillespie – VP, Operations
Jeff Shura – Dir. of Engineering
Susan Oliver – Sr. Construction Project Mgr.
Equipment OppAlerts:
- Air Emissions Control Equipment
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels
NEW YORK:
Company Name: Acme Smoked Fish Corp
Specialty food processing company is planning for the expansion of their processing, warehouse, and office facility in BROOKLYN, NY. They are currently seeking approval for the project. Completion is slated for 2024.
Anticipated Investment: Undisclosed
Reason Behind Expansion: Expansion of their processing, warehouse, and office facility
Tax Incentives: Undisclosed
Project Contacts:
Gabriel Viteri – COO
Matthew Ranieri – VP, Technical Services
Ben Schwartz – Supply Chain Dir.
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels
GEORGIA:
Company Name: Essentia Protein Solutions
Specialty ingredient mfr. is planning to invest $100 million for the construction of a processing facility in DALTON, GA. They are currently seeking approval for the project.
Anticipated Investment: $100,000,000
Reason Behind Expansion: Establish a new processing facility
Tax Incentives: Undisclosed
Project Contacts:
Brian Haines – VP, Manufacturing
Jack Wolf – Plant Mgr.
Dave Palkovic – Process Engineer
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels
GEORGIA:
Company Name: Coca-Cola Bottling Company United Inc.
Beverage company is planning to invest $80 million for a 260,000 sf expansion of their warehouse space at 4521 Chapel Hill Dr. in MACON, GA. They are currently seeking approval for the project.
Anticipated Investment: $80,000,000
Reason Behind Expansion: Establish a new warehouse facility
Tax Incentives: Undisclosed
Project Contacts:
Stan Ellington – VP, Supply Chain and Operations
Mike Stovall – Dir. Procurement
Susannah Jones – Operations Mgr.
Equipment OppAlerts:
- Building Construction
- Compressed Air Systems
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
TENNESSEE:
Company Name: Handsome Brook Farms
Egg producer is planning to invest $31 million for the renovation and equipment upgrades on a processing facility on Technology Way in MORRISTOWN, TN. They have recently received approval for the project.
Anticipated Investment: $31,000,000
Reason Behind Expansion: Modernize equipment and renovation of a processing facility
Tax Incentives: Undisclosed
Project Contacts:
Jordan Czeizler – CEO
Diego Montesdeoca – VP Operations
Dan Greenway – Operations Mgr.
Equipment OppAlerts:
- Air Emissions Control Equipment
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
VIRGINIA:
Company Name: Anheuser-Busch
Brewery is planning to invest $20 million for the renovation and equipment upgrades on their production facility in WILLIAMSBURG, VA. They are currently seeking approval for the project.
Anticipated Investment: $20,000,000
Reason Behind Expansion: Modernize equipment and renovation of their production facility
Tax Incentives: Undisclosed
Project Contacts:
Sarah Schilling – Sr. General Mgr.
Elizabeth Reeve – Engineering and Capital Projects Mgr.
Kriti Jain – Supply Chain and Logistics Warehouse Mgr.
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Renovation
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
MASSACHUSETTS:
Company Name: Pangea Shellfish Company
Seafood company is planning for the construction of a 90,000 sf processing and warehouse facility at 10 Codfish Way in BOSTON, MA. They have recently received approval for the project. They will relocate their operations upon completion.
Anticipated Investment: Undisclosed
Reason Behind Expansion: Establish a new processing and warehouse facility
Tax Incentives: Undisclosed
Project Contacts:
Ben Lloyd – Owner and President
Steven Doyle – Operations Mgr.
Equipment OppAlerts:
- Air Emissions Control Equipment
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Equipment Relocation
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels
TEXAS:
Company Name: Tyson Foods Inc.
Meat processing company is planning to invest $10 million for an 8,000 sf expansion of their cold storage facility in VERNON, TX. Completion is slated for Summer 2023.
Anticipated Investment: $10,000,000
Reason Behind Expansion: Expansion of their cold storage facility
Tax Incentives: Undisclosed
Project Contacts:
Dane Bonfy – Plant Mgr.
Michael Blaisdell – Group Division Engineer
Jimmy Perez – Safety Mgr.
Equipment OppAlerts:
- Compressed Air Systems
- Floor Coatings
- HVAC Equipment
- Lighting
- Mechanical Construction
- Networking/Security Equipment
PENNSYLVANIA:
Company Name: Blessings Of Hope
Foodbank is planning to invest $8 million for the renovation and equipment upgrades on a recently acquired 52,000 sf processing and warehouse facility at 191 Ridgeview Rd. S in MOUNT JOY TOWNSHIP, PA. They will relocate their operations upon completion in Summer 2023.
Anticipated Investment: $8,000,000
Reason Behind Expansion: Modernize equipment and renovation of a processing and warehouse facility
Tax Incentives: Undisclosed
Project Contacts:
Aaron Fisher – Exec. Dir.
Durrell Nolt – Operations Mgr.
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Renovation
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Equipment Relocation
- Fire Protection Equipment
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
ILLINOIS:
Company Name: Veteran Roasters
Coffee and brewery company is planning to invest $7 million for the construction of a 16,000 sf processing and production facility in PULLMAN, IL. Construction is expected to start in Spring 2023, with completion slated for early 2024.
Anticipated Investment: $7,000,000
Reason Behind Expansion: Establish a new processing and production facility
Tax Incentives: Undisclosed
Project Contacts:
Mark Doyle – Owner
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels
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.
Each month, our team provides hundreds of industrial reports within a variety of industries, including:
- Industrial Manufacturing
- Plastics
- Food and Beverage
- Metals
- Power Generation
- Pulp Paper and Wood
- Oil and Gas
- Mining and Aggregates
- Chemical
- Research and Development
- Distribution and Supply Chain
- Pipelines
- Pharmaceutical
- Industrial Buildings
- Waste Water Treatment
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