SalesLeads announced today the January 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 81 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 – 63 New Projects
Distribution and Industrial Warehouse – 18 New Projects
Food and Beverage Project Scope/Activity
New Construction – 33 New Projects
Expansion – 18 New Projects
Renovations/Equipment Upgrades – 34 New Projects
Plant Closing – 4 New Projects
Food and Beverage Project Location (Top 10 States)
Pennsylvania – 7
Wisconsin – 5
New York – 4
Ohio – 4
Georgia – 4
Ontario – 4
Iowa – 4
Alabama – 4
Nebraska – 4
Washington – 3
Largest Planned Project
During the month of January, our research team identified 3 new Food and Beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Royal Canin North America, who is planning to invest $185 million for an expansion and equipment upgrades on their processing facility at 630 N. Derby Ln. in NORTH SIOUX CITY, SD. They have recently received approval for the project.
Top 10 Tracked Food and Beverage Projects
NEBRASKA:
Pet food mfr. is planning to invest $180 million for the construction of a 250,000 sf processing facility in LINCOLN, NE. They are currently seeking approval for the project. They will consolidate regional operations upon completion.
MISSISSIPPI:
Global retail chain is planning to invest $90 million for the construction of a 1 million sf distribution center in OLIVE BRANCH, MS. They have recently received approval for the project.
TEXAS:
Beverage company is planning to invest $70 million for the construction of a 1.2 million sf processing, warehouse, and distribution facility at 1535 E. Beltline Rd. in LANCASTER, TX. They have recently received approval for the project. Completion is slated for Summer 2023.
IOWA:
Meat products mfr. is planning to invest $43 million for the renovation and equipment upgrades on their processing facility at 1205 Chavenelle Court in DUBUQUE, IA. They are currently seeking approval for the project. Completion is slated for early 2023.
MICHIGAN:
Specialty beverage mfr. is planning to invest $26 million for the expansion and equipment upgrades at their processing facility in LAWTON, MI. They have recently received approval for the project.
ONTARIO:
Snack food mfr. is planning for the renovation and equipment upgrades on a recently acquired 790,000 sf processing facility in BROCKVILLE, ON. Renovations will occur in phases, with completion slated for early 2023.
PENNSYLVANIA:
Indoor aquaponic vertical farming company is planning for the construction of a 250,000 sf processing facility in LUZERNE COUNTY, PA. Completion is slated for early 2023.
FLORIDA:
Shrimp producer is considering the construction of a 240,000 sf processing facility and currently seeking a site in FLORIDA.
ALABAMA:
Ice cream mfr. is expanding and planning to invest $20 million for the renovation and equipment upgrades on a 100,000 sf processing facility at 3107 Halls Mill Rd. in MOBILE, AL. They have recently received approval for the project. They will relocate operations upon completion.
COLORADO:
Hydroponic farming company is planning to invest $17 million for the construction of a 120,000 sf processing facility in WINDSOR, CO. They are currently seeking approval for the project.
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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