JACKSONVILLE BEACH, Fla., Dec 12, 2022 (SEND2PRESS NEWSWIRE) — IMI SalesLeads announced today the November 2022 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects.
Research confirms Q4 Projects Totals to be October with 129 new projects and November with 118 new projects in the Industrial Manufacturing sector.
The following are selected highlights on new Industrial Manufacturing industry construction news.
* Industrial Manufacturing – By Project Type
Manufacturing/Production Facilities – 106 New Projects
Distribution and Industrial Warehouse – 41 New Projects
* Industrial Manufacturing – By Project Scope/Activity
New Construction – 45 New Projects
Expansion – 39 New Projects
Renovations/Equipment Upgrades – 33 New Projects
Plant Closings – 13 New Projects
* Industrial Manufacturing – By Project Location (Top 10 States)
Indiana – 7
Minnesota – 7
North Carolina – 7
Ohio – 6
Pennsylvania – 6
California – 5
Georgia – 5
Iowa – 5
New York – 5
Quebec – 5
LARGEST PLANNED PROJECT
During the month of November, our research team identified 16 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Freyr Battery, who is planning to invest $2.5 billion for the construction of a manufacturing facility in NEWNAN, GA. They are currently seeking approval for the project. Construction is expected to start in 2025.
TOP 10 TRACKED INDUSTRIAL MANUFACTURING PROJECTS
QUEBEC:
Automotive mfr. is planning to invest $700 million for the construction of a battery manufacturing facility in BECANCOUR, QC. They are currently seeking approval for the project. Construction is expected to start in 2023.
ARIZONA:
Consumer goods mfr. is planning to invest $500 million for the construction of a manufacturing facility at Inland Port Arizona in COOLIDGE, AZ. They are currently seeking approval for the project. Construction is expected to start in 2023, with completion slated for 2025.
MAINE:
Paper product mfr. is planning to invest $418 million for the renovation and equipment upgrades on their manufacturing facility in SKOWHEGAN, ME. They are currently seeking approval for the project.
NEW YORK:
Industrial tool and equipment mfr. is planning to invest $319 Million for the construction of a manufacturing facility on Stamp Drive in ALABAMA, NY. They are currently seeking approval for the project. Construction will occur in multiple phases, with the completion of Phase 1 slated for late 2024.
INDIANA:
Semiconductor mfr. is planning to invest $236 million for the construction of a 100,000 sf manufacturing facility in ODON, IN. They have recently received approval for the project. Completion is slated for 2024.
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.
MISSISSIPPI:
Packaging product mfr. is planning to invest $79 million for the expansion and equipment upgrades at their manufacturing facility in PELAHATCHIE, MS. They have recently received approval for the project.
UTAH:
Telecommunication equipment mfr. is expanding and planning to invest $73 million for the construction of two manufacturing facilities in SALT LAKE CITY, UT. Completion is slated for Summer 2023.
WISCONSIN:
Pharmaceutical company is planning to invest $60 million for the expansion of a recently acquired processing facility in EAU CLAIRE, WI. They are currently seeking approval for the project.
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.
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.
Each month, our team provides hundreds of industrial reports within a variety of industries, including:
* Industrial Manufacturing
* Plastics
* Food and Beverage
* Metals
* Power Generation
* Pulp Paper and Wood
* Oil and Gas
* Mining and Aggregates
* Chemical
* Research and Development
* Distribution and Supply Chain
* Pipelines
* Pharmaceutical
* Misc. Industrial Buildings
* Waste Water Treatment
* Data Centers
Learn more: https://www.salesleadsinc.com/solutions/industrial-project-reports/
News Source: SalesLeads Inc.
Related link: https://www.salesleadsinc.com/
This press release was issued on behalf of the news source, who is solely responsible for its accuracy, by Send2Press Newswire. To view the original story, visit: https://www.send2press.com/wire/continued-q4-decline-in-new-industrial-manufacturing-with-118-planned-projects-in-november-2022/
