Plant Facilities Reach 148 New Industrial Manufacturing Projects in April 2022
JACKSONVILLE BEACH, Fla., May 11, 2022 (SEND2PRESS NEWSWIRE) — Industrial SalesLeads, IMI today announced the April 2022 results of the new report on planned capital expenditures for the industrial manufacturing industry. IMI tracks planned industrial capital project activity in North America; including plant expansions, construction of new plants and major equipment modernization projects. The research confirms 148 new projects in the industrial manufacturing sector.
Here are some selected highlights of new construction news from the industrial manufacturing industry.
Industrial Manufacturing – By Project Type
Manufacturing/production facilities – 130 new projects
Distribution and Industrial Warehouse – 56 New Projects
Industrial Manufacturing – By Project Scope/Activity
New construction – 55 new projects
Expansion – 51 new projects
Equipment renovations/upgrades – 46 new projects
Factory closures – 11 new projects
Biggest planned project
During the month of April, our research team identified 17 new industrial manufacturing facility construction projects with an estimated value of $100 million or more.
The largest project belongs to VinFast Auto US, which plans to invest $4 billion to build a manufacturing and distribution plant in MONCURE, North Carolina. They are currently applying for project approval. Completion is scheduled for 2024.
Industrial Manufacturing – By Project Location (Top 10 States)
New York – 13
California – 11
South Carolina – 8
North Carolina – 5
Top 10 Industrial Manufacturing Projects Tracked
EV battery manufacturer. plans to invest $2 billion to build a 3 million square foot manufacturing facility in BOWLING GREEN, KY. They are currently applying for project approval.
The biotech company plans to invest $650 million to build a 500,000 square foot processing facility in MANHATTAN, KS. They are currently applying for project approval.
The steelmaker plans to invest $350 million to build a manufacturing plant in MOJAVE, California. Construction is expected to begin in early 2023 with completion scheduled for early 2025.
Automotive manufacturer. plans to invest $300 million for an expansion and equipment upgrades at its warehouse and manufacturing facility in MONTGOMERY, AL.
Custom corrugated paper products mfr. plans to invest $200 million to renovate and upgrade equipment at a recently leased 1 million square foot distribution and manufacturing facility on S. US-67 in CEDAR HILL, TX.
Manufacturer of building materials. plans to invest $118 million to expand its 225,000 square foot manufacturing facility in OXFORD, NC. They recently received project approval.
Automotive manufacturer. plans to invest $109 million to renovate and upgrade equipment at its manufacturing facility in TROY, MO. They are currently applying for project approval.
Flexible packaging products mfr. is expanding and plans to invest $80 million to build a manufacturing and distribution facility in SEARCY, AR. They recently received project approval.
Horticultural container mfr. plans to invest $44 million to build a 256,000 square foot manufacturing facility in LYONS, GA. They recently received project approval.
CAROLINE FROM THE SOUTH:
Manufacturer of automotive glass. plans to invest $34.5 million to expand its manufacturing facility in FOUNTAIN INN, SC. Completion is scheduled for early 2023.
About SalesLeads, Inc.
Since 1959, Jacksonville, Florida-based SalesLeads has been a leader in providing 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 information on companies planning major capital investments such as new builds, expansions, relocations, equipment upgrades and plant closures in industrial facilities. The Outsourced Prospecting Service, an extension of your sales team, is designed to boost growth with qualified meetings and appointments for your internal sales team.
Learn more: https://www.salesleadsinc.com/industry/industrial-manufacturing/
MEDIA CONTACT ONLY:
847-312-1367 (media only)
Information source: SalesLeads Inc.
To view the original post, visit: https://www.send2press.com/wire/plant-facilities-reach-148-new-industrial-manufacturing-projects-in-april-2022/.
This press release was issued by Send2Press® Newswire on behalf of the news source, which is solely responsible for its accuracy. www.send2press.com.