Industrial SalesLeads today announced the September 2024 results of its new Planned Capital Project Expenditure Report for the Food and Beverage Industry. We directly track planned industrial capital project activity in North America, from facility expansions to new factory construction to critical equipment modernization projects. The latest findings identify 73 new notable projects in the food and beverage sector. This data reflects good growth and development, albeit at a slowdown, within the industry and presents a promising picture for investment and innovation.
Below are some highlights of the new products. Food and beverage industry construction news.
Types of food and beverage projects
Treatment facilities – 60 new projects
Distribution and industrial warehousing – 17 new projects
Food and Beverage Project Scope/Activities
New construction – 17 new projects
Expansion – 27 new projects
Renovation/equipment renewal – 36 new projects
Factory closure – 5 new projects
Food and Beverage Project Locations (Top 10 States)
Pennsylvania – 5
Colorado – 4
Illinois – 4
Texas – 4
California – 3
Connecticut – 3
Indiana – 3
Massachusetts – 3
Montana – 3
New York – 3
Largest planned project
During the month of septemberOur research team has identified two new food and beverage facility construction projects with an estimated value of more than $100 million.
The largest project is owned by America’s Heartland Packing Company, which is investing $800 million to build a processing facility in Wright City, Missouri. Completion is scheduled for early 2025.
Top 10 Tracked Food and Beverage Projects
Texas:
The dairy company plans to invest $100 million in a 90,000-square-foot expansion and equipment upgrades to its processing, warehouse and laboratory facilities in Tyler, Texas. They recently received approval for this project. Completion is scheduled for early 2026.
Mississippi:
The beverage company is expanding and plans to invest $42 million in expansions, renovations and equipment upgrades at its manufacturing facility in Clinton, Mississippi. They recently received approval for this project.
North Carolina:
The specialty food processing company plans to invest $36 million in renovations and equipment upgrades at its processing facility in Selma, North Carolina. They recently received approval for this project.
Alabama:
The beverage company plans to invest $35 million in expansion and equipment upgrades at its manufacturing processing facility in Opelika, Alabama. They recently received approval for this project. Completion is scheduled for summer 2026.
Missouri:
Specialty snack food manufacturer. plans to renovate and upgrade its 300,000 square foot processing and warehouse facility in Mexico, Missouri. Completion is scheduled for early fall 2025.
Arizona:
The beverage company plans a 187,000-square-foot expansion and equipment upgrades to its processing and warehousing facility in Tempe, Arizona. They are currently seeking approval for this project.
Michigan:
The specialty feed manufacturer plans to invest $16 million to build a 13,000-square-foot processing facility in Leith, Michigan. They recently received approval for this project.
Washington:
The fresh produce company plans to invest $8 million in a 152,000-square-foot expansion of its cultivation and processing facility at 950 S. Elm Ave. in Pasco, Washington. They are currently seeking approval for this project.
Florida:
The food service distributor plans to renovate and upgrade its recently acquired 110,000 square foot warehouse facility at 2963 Stonewall Place. They are currently seeking approval for this project in Sanford, Florida.
Texas:
The specialty food manufacturer plans to invest $8 million to build a 60,000-square-foot processing and warehousing facility at 7414 Bayway Dr. in Baytown, Texas. Construction is expected to begin in late 2024, with completion scheduled for summer 2025.
About Industrial Sales Leeds Co., Ltd.
Since 1959, Jacksonville, Florida-based Industrial SalesLeads is a leader in providing industrial capital project intelligence and prospecting services to sales and marketing teams to ensure a predictable and scalable pipeline. Our industrial market intelligence, IMI, identifies timely insights about companies planning major capital investments, such as new industrial facility construction, expansion, relocation, equipment modernization, and plant closures. An extension of your sales team, our outsourced prospecting services are designed to drive growth with the right meetings and bookings for your in-house sales team. Visit salesleadsinc.com.
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