JACKSONVILLE BEACH, Fla., Feb. 16 2022 (SEND2PRESS NEWSWIRE) – SalesLeads today announced the CY 2021 results for the new report on planned capital expenditures for the food and beverage industry. The company tracks planned industrial capital project activity in North America; including plant expansions, construction of new plants and major equipment modernization projects. Research confirms 813 new food and beverage projects identified in 2021.
Planned industrial project activity in the sector decreased by 7% compared to the previous year.
Here are some selected highlights of new construction news in the food and beverage industry.
Food and Beverage Project Type
* Treatment facilities – 620 new projects
* Distribution and industrial warehouse – 239 new projects
Food and Beverage Project Scope/Activity
* New construction – 310 new projects
* Expansion – 219 new projects
* Equipment Renovations/Upgrades – 337 new projects
* Plant closure – 31 new projects
Food and Beverage Project Location (Top 10 States)
California – 46
New York – 46
Pennsylvania – 38
Florida – 32
Georgia – 30
Annual growth by state
Research shows that the state of Missouri saw the largest increase in projects tracked, with 54% more projects identified than in 2020. Conversely, the state of Kentucky saw the largest drop in projects followed, with an 85% drop compared to 2020.
Most active month
Research shows that the busiest month was August, when 86 new project opportunities were identified.
Biggest month-over-month increase in projects tracked
Research shows that there was a 20% increase in new projects tracked from May 2021 to June 2021. Conversely, August-September saw the largest month-over-month decline; with 86 new projects in August and 61 in September.
Opportunities – By Equipment Need
* Air Emission Control Equipment – 567
* Compressed air systems – 739
* Control Systems and Instrumentation – 588
* Conveyors – 659
* Floor coverings – 431
* Handling/storage equipment – 760
* Mechanical engineering – 666
* Packaging Equipment – 518
* Processing Equipment – 508
* Tanks/Vessels – 315
Biggest planned project
During 2021, our research team identified 52 new catering facility construction projects with an estimated value of $100 million or more.
The largest project is owned by JM Smucker Company, which plans to invest $1 billion to build a processing plant in MCCALLA, AL. Construction will take place in phases and is expected to begin in early 2022, with completion expected in 2025.
Top 12 Biggest Food & Beverage Projects
Pet food manufacturer. plans to invest $145 million for a 200,000 square foot expansion and equipment upgrades to its processing plant in FORT SMITH, AR. They recently received project approval. Completion is scheduled for 2022.
Cheesemaker plans to invest $500 million to build a 486,000 square foot processing plant in BELVIDERE, NY.
Pet food manufacturer. plans to invest $390 million to build a processing plant at 6574 OH-503 in LEWISBURG, OH. They recently received project approval. Completion is scheduled for fall 2023.
Winery plans to invest $400 million to build a production facility in FORT LAWN, SC. They are currently applying for project approval.
Dairy manufacturer plans to invest $460 million to build a processing plant in DODGE CITY, KS. Completion is scheduled for 2024.
The meat processing startup plans to invest $325 million to build a processing plant in Mills County, Iowa. Construction is expected to begin in the spring of 2022, with completion scheduled for late 2023.
The beverage company plans to invest $740 million to build a 2 million square foot processing and distribution facility in CONCORD, North Carolina. They recently received project approval.
Fab specialty food products. plans to invest $415 million to expand, renovate and upgrade equipment at its processing plant in AMERICAN FALLS, ID. Completion is scheduled for summer 2023.
A young soybean processing company plans to invest $350 million to build a processing plant in ALTA, IA. They are currently applying for project approval. Completion is scheduled for early 2024.
Fab specialty dairy products. plans to invest $870 million to build a processing plant in LUBBOCK, TX. They recently received project approval.
Fab specialty food products. plans to invest $1 billion to build a processing plant in MCCALLA, AL. Construction will take place in phases and is expected to begin in early 2022, with completion expected in 2025.
Distillery plans to invest $400 million to build a production facility in CHARLESTOWN, IN. They are currently applying for project approval.
Since 1959, SalesLeads, based in Jacksonville, Florida, has provided industrial project reports on companies planning major capital investments in their industrial facilities across North America. Our professional research team identifies new construction, expansions, moves, major renovations, equipment upgrades and plant closure project opportunities so our clients can focus their sales and marketing resources on target accounts that have an imminent need for their products, services and indirects. materials.
Every month, our team delivers hundreds of industry reports across a variety of industries, including:
* Industrial manufacturing
* Power Generation
* Pulp and wood
* Oil and gas
* Mines and Aggregates
* Research and development
* Distribution and supply chain
* Industrial buildings
* Data centers
Learn more: https://www.salesleadsinc.com/industry/food-and-beverage/
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NEWS SOURCE: SalesLeads Inc.
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