Planned Industrial Project Reports – JULY 2019 Recap

Research by SalesLeads’ experienced industrial market research team, shows 144 new planned Industrial Manufacturing industry projects tracked during the month of July.

Planned industrial project activity within the sector decreased by 5% from the previous month, and down 6% YTD from the previous year.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing – By Project Type
Manufacturing/Production Facilities – 129 New Projects
Distribution and Industrial Warehouse – 63 New Projects

Industrial Manufacturing – By Project Scope/Activity
New Construction – 44 New Projects
Expansion – 47 New Projects
Renovations/Equipment Upgrades – 71 New Projects
Plant Closings – 11 New Projects

Industrial Manufacturing – By Project Location(Top 10 States)
Michigan – 12
California – 11
South Carolina – 11
North Carolina – 10
Ohio – 9
Indiana – 7
Virginia – 7
Texas – 6
Connecticut – 5
Tennessee – 5

Largest Planned Project
During the month of July, our research team identified 10 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more. The largest project is owned by LG Chem, who is considering investing $2 billion for the construction of a manufacturing facility and is currently seeking a site in Tennessee.

Top 10 Tracked Industrial Manufacturing Projects

NORTH CAROLINA:
Pharmaceutical company is planning to invest $680 million for the construction of a 225,000 sf laboratory and processing facility in DURHAM, NC. The project also includes the expansion of their processing facility in WILSON, NC. They have recently received approval for the project.

QUEBEC:
Aluminum products mfr. is planning to invest $474 million for the renovation and equipment upgrades on their manufacturing facility in SEPT-ILES, QC. They have recently received approval for the project.

TEXAS:
Automotive parts mfr. is planning to invest $400 million for the construction of a 500,000 sf manufacturing facility in CIBOLO, TX. They have recently received approval for the project. Construction is expected to start in September 2019.

UTAH:
Paper recycling and products mfr. is planning to invest $320 million for the construction of a processing and manufacturing facility and are currently seeking a site in the SALT LAKE CITY, UT area.

VIRGINIA:
Truck mfr. is expanding and planning to invest $400 million for the construction of a 350,000 sf manufacturing facility in DUBLIN, VA. The project also includes the renovation and equipment upgrades of their existing facilities at the same location. They have recently received approval for the project.

WISCONSIN:
Pharmaceutical company is planning to invest $250 million for the construction of a 100,000 sf processing facility in PLEASANT PRAIRIE, WI. Construction is expected to start in late 2019, with completion slated for 2022.

ARIZONA:
Athletic apparel and accessories mfr. is planning to invest $185 million for the renovation and equipment upgrades on a manufacturing facility in GOODYEAR, AZ. They are currently seeking approval for the project.

MICHIGAN:
Semiconductor equipment mfr. is planning to invest $150 million for the construction of a 230,000 sf office and manufacturing facility in ANN ARBOR, MI. They have recently received approval for the project. Completion is slated for Summer 2021.

NORTH CAROLINA:
Tire mfr. is planning to invest $180 million for the renovation and equipment upgrades on their manufacturing facility in FAYETTEVILLE, NC. They have recently received approval for the project.

ALBERTA:
Industrial wood pellets mfr. is planning to invest $54 million for the construction of a manufacturing facility in HIGH LEVEL, AB. Construction is expected to start in Summer 2019, with completion slated for Fall 2020.

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