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May 2024 Makes a Comeback with 147 New Industrial Manufacturing Projects After a Steep Decline the Previous Month

Research confirms 147 new projects as compared to 110 in April and 174 in March

JACKSONVILLE BEACH, Fla., June 7, 2024 (SEND2PRESS NEWSWIRE) — Industrial SalesLeads announced today the May 2024 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 147 new projects as compared to 110 in April and 174 in March.

May 2024 Makes a Comeback with 147 New Industrial Manufacturing Projects
Image caption: May 2024 Makes a Comeback with 147 New Industrial Manufacturing Projects.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing – By Project Type

  • Manufacturing/Production Facilities – 129 New Projects
  • Distribution and Industrial Warehouse – 73 New Projects

Industrial Manufacturing – By Project Scope/Activity

  • New Construction – 42 New projects
  • Expansion – 52 New Projects
  • Renovations/Equipment Upgrades – 66 New Projects
  • Plant Closings – 14 New Projects

Industrial Manufacturing – By Project Location (Top 10 States)

Indiana – 10

Ohio – 10

Texas – 9

Michigan – 8

New York – 8

California – 7

Pennsylvania – 7

South Carolina – 7

North Carolina – 6

Quebec – 5

Largest Planned Project

During the month of May, our research team identified 22 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Honda Canada Inc., who is planning to invest $15 billion for the construction of an EV battery manufacturing complex in ALLISTON, ON. They are currently seeking approval for the project. Completion is slated for 2028.

Top 10 Tracked Industrial Manufacturing Projects

ILLINOIS:

EV mfr. is planning to invest $1.5 billion for the expansion and equipment upgrades on their manufacturing facility in NORMAL, IL. They are currently seeking approval for the project.

INDIANA:

Automotive mfr. is planning to invest $1.4 billion for the expansion, renovation, and equipment upgrades on their manufacturing facility in PRINCETON, IN. Construction is expected to start in Fall 2024, with completion slated for late 2026.

QUEBEC:

Global technology company is planning to invest $730 million for the expansion and equipment upgrades on their manufacturing facility in BROMONT, QC. They are currently seeking approval for the project.

TEXAS:

Automotive mfr. is planning to invest $531 million for the expansion of their manufacturing facility at 1 Lone Star Pass in SAN ANTONIO, TX by 500,000 sf. They are currently seeking approval for the project.

MINNESOTA:

Semiconductor mfr. is planning to invest $525 million for the expansion and equipment upgrades on their manufacturing facility in BLOOMINGTON, MN. They are currently seeking approval for the project.

GEORGIA:

Hygiene products mfr. is planning to invest $418 million for the expansion and equipment upgrades on their manufacturing, warehouse, and office facility in MACON, GA. They are currently seeking approval for the project.

KANSAS:

Automotive mfr. is planning to invest $390 million for the renovation and equipment upgrades on their manufacturing facility at 3201 Fairfax Trafficway in KANSAS CITY, KS. They are currently seeking approval for the project.

NORTH CAROLINA:

Solar panel mfr. is planning to invest $300 million for the construction of a 1-million sf manufacturing facility in GREENVILLE, NC. They have recently received approval for the project.

NEVADA:

Recycled paper product mfr. is planning to invest $272 million for the construction of a recycling facility in WINNEMUCCA, NV. They have recently received approval for the project.

WASHINGTON:

Aerospace company is planning to invest $200 million for a 70,000 sf expansion and equipment upgrades on their manufacturing facility in SPOKANE, WA. They are currently seeking approval for the project.

About Industrial SalesLeads, Inc.

Since 1959, Industrial 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 https://www.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: Industrial SalesLeads Inc


This press release was issued on behalf of the news source (Industrial SalesLeads Inc), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/may-2024-makes-a-comeback-with-147-new-industrial-manufacturing-projects-after-a-steep-decline-the-previous-month/

Copr. © 2024 Send2Press® Newswire, a service of NEOTROPE®, Calif., USA. -- REF: S2P STORY ID: 118916NOREL-2

 

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