Research by SalesLeads’ experienced industrial market research team, shows 342 new planned industrial projects tracked during the month of February.
Planned industrial project activity decreased 26%
The following are selected highlights on new industrial construction news and project opportunities throughout North America.
Planned Industrial Construction – By Project Type:
- Manufacturing Facilities – 105 New Projects
- Processing Facilities – 81 New Projects
- Distribution and Industrial Warehouse – 166 New Projects
- Power/Energy/Oil and Gas – 4 New Projects
- Laboratory Facilities – 11 New Projects
- Mine – 1 New Project
- Terminal – 0 New Projects
- Pipeline – 0 New Projects
Planned Industrial Construction – By Scope/Activity
- New Construction – 167 New Projects
- Expansion – 82 New Projects
- Renovations/Equipment Upgrades – 93 New Projects
- Plant Closing – 24 New Projects
Planned Industrial Construction – By Location (Top 10 States)
- Texas- 26
- California – 25
- Ohio – 17
- Wisconsin – 16
- Georgia – 14
- Indiana – 13
- New York – 13
- Tennessee – 13
- Florida – 12
- Michigan – 12
Largest Planned Industrial Construction Project
During the month of February, our research team identified 22 new General Industrial facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Texas Instruments Inc, who is planning to invest $11 billion for the construction of a manufacturing facility in LEHI, UT. They are currently seeking approval for the project. Construction is expected to begin in Fall 2023, with completion slated for early 2026.
Top 10 Tracked Industrial Construction Projects
KANSAS: Defense contractor is planning to invest $2 billion for the construction of a 235,000 sf computer chip manufacturing facility in BURLINGTON, KS. They are currently seeking approval for the project.
TEXAS: Paperboard packaging products mfr. is planning to invest $1 billion for the construction of a 640,000 sf paperboard recycling facility in WACO, TX. Construction is expected to start in Spring 2023, with completion slated for 2026.
ILLINOIS: Renewable energy company is considering investing $900 million for the construction of a hydrogen processing plant and currently seeking a site in ILLINOIS.
COCORADO: Semiconductor mfr. is planning to invest $880 million for the expansion of their manufacturing facility in COLORADO SPRINGS, CO. They have recently received approval for the project.
NEW YORK: Wind turbine mfr. is planning to invest $500 million for the construction of a manufacturing facility in COEYMANS, NY. They are currently seeking approval for the project.
SOUTH CAROLINA: Semiconductor mfr. is planning to invest $443 million for the renovation and equipment upgrades on a 300,000 sf manufacturing and office facility at 1800 Overview Dr. in ROCK HILL, SC. They have recently received approval for the project. They will relocate their headquarter operations upon completion in Fall 2023.
UTAH: Consumer goods mfr. is planning to invest $400 million for the expansion of their paper product manufacturing facility in CORINNE, UT. They have recently received approval for the project.
GEORGIA: Auto body parts mfr. is planning to invest $300 million for the construction of a manufacturing facility in RINCON, GA. They are currently seeking approval for the project. Completion is slated for 2025.
ARIZONA: Graphite processor is considering investing $280 million for the construction of a processing facility and is currently seeking a site in ARIZONA.
UTAH: Startup modular home builder is planning to invest $280 million for the construction of a 900,000 sf manufacturing facility in FILLMORE, UT. They are currently seeking approval for the project.
About IMI SalesLeads, Inc.
Since 1959, IMI 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. from the previous month.
