IMI SalesLeads announced today the November 2022 results for the new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 131 new projects in November versus the yearly high of 208 in October 2022 in the Distribution and Supply Chain sector.
The following are selected highlights on new Distribution Center and Warehouse construction news.
Distribution and Supply Chain – By Project Type
- Distribution/Fulfillment Centers – 14 New Projects
- Industrial Warehouse – 118 New Projects
Distribution and Supply Chain- By Project Scope/Activity
- New Construction – 72 New Projects
- Expansion – 31 New Projects
- Renovations/Equipment Upgrades – 31 New Projects
- Closing – 4 New Projects
Distribution and Supply Chain – By Project Location (Top 5 States)
- Texas – 16
- Ohio – 11
- California – 10
- Illinois – 8
- Pennsylvania – 7
Largest Planned Project
During the month of November, our research team identified 4 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Enterprise Products Partners, who is investing $850 million for the construction of a methane shipping terminal on Mansfield Ferry Rd. in ORANGE, TX. They are currently seeking approval for the project. Construction is expected to start in early 2023, with completion slated for Spring 2025.
Top 10 Tracked Distribution and Supply Chain Project Opportunities
COLORADO: Biotechnology company is planning to invest $784 million for the expansion of their manufacturing, warehouse, and office complex in FREDERICK, CO. Completion is slated for late 2024.
VIRGINIA: Food service distributor is planning to invest $275 million for the construction of a 1.2 million distribution center in RUTHER GLEN, VA. They have recently received approval for the project.
NEBRASKA: Meat processing company is planning to invest $100 million for the expansion of their processing and warehouse facility in OMAHA, NE. They are currently seeking approval for the project. Completion is slated for 2026.
GEORGIA: Apparel company is planning to invest $87 million for the construction of a manufacturing and distribution center in ELLABELL, GA. They are currently seeking approval for the project.
FLORIDA: Waste management service provider is planning to invest $75 million for the construction of a 127,000 sf warehouse and service center in PEMBROKE PINES, FL. They are currently seeking approval for the project.
SOUTH CAROLINA: Lighting product mfr. is planning to invest $62 million for the renovation and equipment upgrades on a distribution center in GREER, SC. They have recently received approval for the project. Completion is expected by Spring 2023.
GEORGIA: Ammunition mfr. is planning to invest $60 million for the construction of a 300,000 sf manufacturing and warehouse facility in ELLABELL, GA. They have recently received approval for the project. They will relocate their operations upon completion.
KENTUCKY: Specialty food processing company is planning to invest $42 million for the renovation and equipment upgrades on a 333,000 sf processing and warehouse facility in GREENVILLE, KY. They have recently received approval for the project.
MICHIGAN: Waste management service provider is planning to invest $35 million for the construction of a warehouse and service center in DETROIT, MI. They have recently received approval for the project. Completion is slated for late 2023.
MISSISSIPPI: Global shipping company is planning to invest $32 million for the construction of a 322,000 sf distribution center in GULFPORT, MS. 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.
