SalesLeads announced today the March 2024 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 73 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 – 50 New Projects
Distribution and Industrial Warehouse – 30 New Projects
Food and Beverage Project Scope/Activity
New Construction – 26 New Projects
Expansion – 25 New Projects
Renovations/Equipment Upgrades – 19 New Projects
Plant Closing – 10 New Projects
Food and Beverage Project Location (Top 10 States)
Illinois – 5
Indiana – 4
Washington – 4
Kentucky – 3
Louisiana – 3
Missouri – 3
New York – 3
North Carolina – 3
South Carolina – 3
Texas – 3
Largest Planned Project
During the month of March, our research team identified 7 new Food and Beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Primient, who is investing $400 million and has recently started the expansion and equipment upgrades on their processing and warehouse facility in DECATUR, IL.
Top 10 Tracked Food and Beverage Projects
FLORIDA:
Global retail chain is planning to invest $350 million for the construction of a dairy processing facility in ROBINSON, TX. They have recently received approval for the project. Completion is slated for 2026.
OHIO:
Food service company is planning to invest $108 million for the expansion of their processing facility at 200 Industrial Dr. in HARRISON, OH by 133,000 sf. They have recently received approval for the project.
INDIANA:
Seafood processor is planning to invest $89 million for the construction of a 110,000 sf processing and warehouse facility at 419 S. Mount Zion Rd. in LEBANON, IN. They have recently received approval for the project. Completion is slated for late 2025.
ALBERTA:
Potato processing company is planning to invest $40 million for the construction of a 240,000 sf processing facility in NISKU, AB. They have recently received approval for the project.
MICHIGAN:
Snack food mfr. is planning to invest $30 million for a 187,000 sf expansion of their processing and warehouse facility in KENTWOOD, MI. They have recently received approval for the project.
SOUTH CAROLINA:
Fresh produce processor is planning to invest $26 million for the renovation and equipment upgrades on their processing facility in COLUMBIA, SC. They have recently received approval for the project.
TENNESSEE:
Food products mfr. is planning for the renovation and equipment upgrades on a recently leased 300,000 sf processing and warehouse facility at 8051 Eastgate Blvd. in LEBANON, TN. Completion is slated for Summer 2024.
WASHINGTON:
Apple processing company is planning for the renovation and equipment upgrades on a 276,000 sf warehouse and processing facility in SUNNYSIDE, WA. They have recently received approval for the project. They will relocate their operations upon completion in 2025.
MINNESOTA:
Global retail chain is planning for a 200,000 sf expansion of their distribution center at 101 Sohler Dr. in MANKATO, MN. They are currently seeking approval for the project.
ALABAMA:
Pecan company is planning to invest $17 million for the construction of a processing facility at 272 Sam Houston Blvd. in DOTHAN, AL. The project includes the renovation and equipment upgrades on an existing 120,000 sf warehouse and cold storage facility at the site. They have recently received approval for the project.
About Industrial SalesLeads, Inc.
Since 1959, Industrial 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. Visit us at salesleadsinc.com.
Each month, our team provides hundreds of industrial reports within a variety of industries, including:
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