Site icon Food Industry Executive

69 New Food and Beverage Industry Planned Projects, a Decrease of 13% in December 2022

Press
Sales Leads

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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

Exit mobile version