IMI SalesLeads announced today the December 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 69 new projects in December 2022 with a decrease of 13% from November 2022 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 – 51 New Projects
Distribution and Industrial Warehouse – 23 New Projects
Food and Beverage Project Scope/Activity
New Construction – 26 New Projects
Expansion – 23 New Projects
Renovations/Equipment Upgrades – 23 New Projects
Plant Closing – 3 New Projects
Food and Beverage Project Location (Top 10 States)
California – 7
North Carolina – 6
New York – 5
Ohio – 4
Washington – 4
Indiana – 3
Kentucky – 3
Massachusetts – 3
Illinois – 2
Maryland – 2
Opportunities – By Equipment Need
Air Emissions Control Equipment – 51
Compressed Air Systems – 63
Control Systems and Instrumentation – 47
Conveyors – 56
Floor Coatings – 42
Material Handling/Storage Equipment – 64
Mechanical Construction – 57
Packaging Equipment – 45
Process Equipment – 44
Tanks/Vessels – 32
Largest Planned Project
During the month of December, our research team identified 9 new Food and Beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Plant Agricultural Systems LLC, who is planning to invest $1 billion for the construction of multiple processing facilities in NORTHEAST FLORIDA.
Top 10 Tracked Food and Beverage Projects
KENTUCKY:
Company Name: Sazerac Company Inc.
Distillery is planning to invest $600 million for the expansion of their warehouse and barrel storage facilities in LONDON, KY and EAST BERNSTADT, KY. They are currently seeking approval for the project.
Anticipated Investment: $600,000,000
Reason Behind Expansion: Expansion of their warehouse and barrel storage facilities
Tax Incentives: Undisclosed
Project Contacts:
Mitch Federman | VP, Supply Chain
Jeff Conder | VP, Manufacturing
Johnnie Colwell | Operations Dir.
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Building Renovation
- 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 – All
- Tanks/Vessels – Stainless
NORTH DAKOTA:
Company Name: Epitome Energy
Soybean processing company is planning to invest $400 million for the construction of a processing facility in GRAND FORKS, ND. They are currently seeking approval for the project. Construction is expected to start in Summer 2023, with completion slated for Fall 2025.
Anticipated Investment: $400,000,000
Reason Behind Expansion: Establish a new processing facility
Tax Incentives: Undisclosed
Project Contacts:
Dennis Egan | President
Scott Erdal | Operations Dir.
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 – All
- Tanks/Vessels – Stainless
NORTH CAROLINA:
Company Name: Future Meat Technologies
Cultivated meat producer is planning to invest $123 million for the construction of a 200,000 sf processing facility in WILSON, NC. They have recently received approval for the project.
Anticipated Investment: $123,000,000
Reason Behind Expansion: Establish a new processing facility
Tax Incentives: $500,000
Project Contacts:
Gustavo Burger | COO
Guy Wissotsky | Dir. of Bioprocessing
Alin Vahab | Procurement 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 – All
- Tanks/Vessels – Stainless
KENTUCKY:
Company Name: Willett Distillery
Distillery is planning to invest $93 million for the construction of a 70,000 sf production and warehouse facility at 1170 Mackville Rd. in SPRINGFIELD, KY. They are currently seeking approval for the project. Construction is expected to start in early 2023.
Anticipated Investment: $93,000,000
Reason Behind Expansion: Establish a new production and warehouse facility
Tax Incentives: Undisclosed
Project Contacts:
Britt Kulsveen | President
Drew Kulsveen | Dir. Operations and Master Distiller
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 – All
- Tanks/Vessels – Stainless
ALBERTA:
Company Name: Siwin Foods Ltd.
Food processing company is planning to invest $54 million for the expansion of their processing facility in EDMONTON, AB by 30,000 sf. Construction is expected to begin in 2023, with completion slated for 2024.
Anticipated Investment: $54,000,000
Reason Behind Expansion: Expansion of their processing facility
Tax Incentives: Undisclosed
Project Contacts:
Gord DeJong | VP
Qingshan Liu | Production Planner
Charito Makibulan | Purchasing Clerk
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 – All
- Tanks/Vessels – Stainless
QUEBEC:
Company Name: Winter Farm
Produce company is planning to invest $46 million for the expansion of their growing and processing facility in VAUDREUIL, QC. They have recently received approval for the project.
Anticipated Investment: $46,000,000
Reason Behind Expansion: Expansion of their growing and processing facility
Tax Incentives: Undisclosed
Project Contacts:
Alain Brisebois | CEO
John Lachance | Dir. Operations
Marie Roy | Purchasing Dir.
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 – All
- Tanks/Vessels – Stainless
NORTH CAROLINA:
Company Name: Alamance Foods Inc.
Dairy product mfr. is planning to invest $42 million for the renovation and equipment upgrades on a 220,000 sf processing and warehouse facility in GRAHAM, NC. They have recently received approval for the project.
Anticipated Investment: $42,000,000
Reason Behind Expansion: Modernize equipment and renovation of a processing and warehouse facility
Tax Incentives: Undisclosed
Project Contacts:
Don Sang Chin | Sr. Operations Mgr.
Rohit Tandon | Engineering Mgr.
Gene Smith | Technical Services 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 – All
- Tanks/Vessels – Stainless
OHIO:
Company Name: Bellisio Foods Inc.
Specialty frozen food mfr. is planning to invest $40 million for the expansion and equipment upgrades on their processing facility in JACKSON, OH. They are currently seeking approval for the project.
Anticipated Investment: $40,000,000
Reason Behind Expansion: Modernize equipment and expansion of their processing facility
Tax Incentives: Undisclosed
Project Contacts:
Mike Evans | SVP, Operations
Brian Keefer | Dir. Manufacturing and Sanitation
Tom Austin | Engineering and Maintenance Mgr.
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 – All
- Tanks/Vessels – Stainless
MISSOURI:
Company Name: Chick-Fil-A Supply
Restaurant chain is planning to invest $16 million for the construction of a 100,000 sf distribution center in MARYLAND HEIGHTS, MO. They have recently received approval for the project. Completion is slated for 2023.
Anticipated Investment: $16,000,000
Reason Behind Expansion: Establish a new distribution facility
Tax Incentives: Undisclosed
Project Contacts:
Tyrone Dillard | Sr. Dir. Real Estate
Todd Kopriva | Dir. Supply Chain
Christianna Hansen | Sr. Project Coordinator, Facilities and Projects
Equipment OppAlerts:
- Compressed Air Systems
- Control Systems and Instrumentation
- 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
QUEBEC:
Company Name: Goodleaf Farms
Indoor vertical farming company is planning for the construction of a 100,000 sf growing and processing facility in LONGUEUIL, QC. They have recently received approval for the project. Completion is slated for Summer 2023.
Anticipated Investment: Undisclosed
Reason Behind Expansion: Establish a new growing and processing facility
Tax Incentives: Undisclosed
Project Contacts:
Jerry Dover | VP, Engineering and Automation
Ruiqi Wang | Dir. Engineering and Construction
Colin Stewart | Facilities 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 – All
- Tanks/Vessels – Stainless
About IMI SalesLeads, Inc.
Since 1959, IMI 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
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- Power Generation
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- Oil and Gas
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- Chemical
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