Industrial Construction Shows Strength in August 2022 with 435 New Planned Projects

Research by SalesLeads’ experienced industrial market research team, shows 435 new planned industrial projects tracked during the month of August up from 429 in July.

Planned industrial project activity increased 1% from the previous month.

The following are selected highlights on new industrial construction news and project opportunities throughout North America.

Planned Industrial Construction – By Project Type:

  • Manufacturing Facilities – 149 New Projects
  • Processing Facilities – 121 New Projects
  • Distribution and Industrial Warehouse – 172 New Projects
  • Power/Energy/Oil and Gas – 7 New Projects
  • Laboratory Facilities – 19 New Projects
  • Mine – 0 New Projects
  • Terminal – 1 New Project
  • Pipeline – 0 New Projects

Planned Industrial Construction – By Scope/Activity

  • New Construction – 211 New Projects
  • Expansion – 103 New Projects
  • Renovations/Equipment Upgrades – 120 New Projects
  • Plant Closing – 24 New Projects

Planned Industrial Construction – By Location (Top 10 States)

  •  Texas – 32
  • California – 24
  •  New York – 24
  • North Carolina – 20
  • Michigan – 18
  • Ohio – 18
  • Florida – 17
  • Illinois – 17
  • Indiana – 17
  • Pennsylvania – 17

Largest Planned Industrial Construction Project

During the month of August, our research team identified 39 new General Industrial facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Penn LNG, who is planning to invest $7 billion for the construction of a natural gas export terminal and is currently seeking a site in the PHILADELPHIA, PA area.

Top 10 Tracked Industrial Construction Projects

TEXAS: Oil and gas company is planning to invest $5 billion for the construction of a processing facility in VICTORIA, TX. They are currently seeking approval for the project. Construction is expected to start in 2023, with completion slated for early 2025.

BRITISH COLUMBIA: Oil and gas company is planning to invest $4 billion for the construction of a liquified natural gas processing plant in SQUAMISH, BC. They are currently seeking approval for the project. Completion is slated for 2027.

OHIO: Automotive mfr. is considering investing $4 billion for the construction of an EV battery manufacturing facility and currently seeking a site in the MARYSVILLE, OH area.

OKLAHOMA: Electronic products mfr. is considering investing $4 billion for the construction of an EV battery manufacturing facility and currently seeking a site in OKLAHOMA.

TEXAS: Biofuel producer is planning to invest $2 billion to repurpose their biodiesel processing facility into a sustainable aviation fuel (SAF) processing facility in GALENA PARK, TX. They are currently seeking approval for the project.

GEORGIA: Aerospace company is planning to invest $1.6 billion for an expansion of their manufacturing facility in MARIETTA, GA. They are currently seeking approval for the project.

MISSISSIPPI: Specialty aviation fuel mfr. is planning to invest $1.5 billion for the construction of a processing facility in NATCHEZ, MS. They are currently seeking approval for the project. Construction is expected to start in early 2023.

NEW YORK: Global online retailer is planning to invest $550 million for the construction of a distribution center in BUFFALO, NY. They have recently received approval for the project.

TENNESSEE: Tire mfr. is planning to invest $550 million for an 850,000 sf expansion, renovation, and equipment upgrades on their manufacturing facility in MORRISON, TN. They are currently seeking approval for the project. Renovations are expected to start in late 2022, with completion slated for Spring 2024.

ILLINOIS: Energy company is planning to invest $500 million for the construction of a 280 MW power plant in DECATUR, IL. They are currently seeking approval for the project. Completion is slated for late 2024.

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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