JACKSONVILLE BEACH, Fla., Mar 09, 2023 (SEND2PRESS NEWSWIRE) — IMI SalesLeads announced today the February 2023 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 110 new projects in February as compared to 130 in January 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 – 98 New Projects
Distribution and Industrial Warehouse – 71 New Projects
– Industrial Manufacturing – By Project Scope/Activity
New Construction – 34 New Projects
Expansion – 38 New Projects
Renovations/Equipment Upgrades – 41 New Projects
Plant Closings – 14 New Projects
– Industrial Manufacturing – By Project Location (Top 10 States)
California – 10
Ohio – 8
Indiana – 8
Michigan – 7
Texas – 7
Georgia – 6
North Carolina – 5
Tennessee – 5
Alabama – 4
New York – 4
LARGEST PLANNED PROJECT
During the month of February, our research team identified 12 new Industrial Manufacturing 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 Manufacturing 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.
COLORADO:
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.
IOWA:
Industrial valve mfr. is planning to invest $75 million for a 36,000 sf expansion and equipment upgrades on their manufacturing facility in OSKALOOSA, IA. They have recently received approval for the project.
MINNESOTA:
Fluid control equipment mfr. is planning to invest $43 million for a 176,000 sf expansion of their manufacturing facility in ANOKA, MN. They are currently seeking approval for the project. Construction is expected to start in Summer 2023, with completion slated for late 2024.
NORTH CAROLINA:
EV charging station mfr. is planning to invest $41 million for the construction of a manufacturing facility in DURHAM, NC. They have recently received approval for the project.
TENNESSEE:
Water heater mfr. is planning to invest $30 million for the expansion of their manufacturing facility in LEBANON, TN. 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. 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. Visit us at salesleadsinc.com.
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/industry/industrial-manufacturing/
News Source: IMI 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/new-industrial-manufacturing-downward-trend-continues-with-110-planned-capital-projects-for-february-2023/
