SalesLeads announced the November 2020 results for the new planned capital project spending report for the food and beverage industry. The firm tracks North American planned industrial capital project activity, including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 86 new projects in the food and beverage sector.
Planned industrial project activity within the sector increased by 23% from the previous month, but is down 11% YTD from the previous year.
Food and Beverage Project Type
Processing Facilities - 69 New Projects
Distribution and Industrial Warehouse - 34 New Projects
Food and Beverage Project Scope/Activity
New Construction - 30 New Projects
Expansion - 35 New Projects
Renovations/Equipment Upgrades - 32 New Projects
Plant Closing - 1 New Project
Food and Beverage Project Location (Top 10 States)
Ontario - 6
Maine - 5
Texas - 5
Florida - 4
Missouri - 4
Illinois - 4
Indiana - 4
California - 3
Georgia - 3
North Carolina - 3
Largest Planned Project
During the month of November, SalesLeads identified 3 new food and beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Mark Anthony Brewing, who is planning to invest $400 million for the construction of a 1 million-square-foot production and distribution facility in Columbia, S.C. Completion is slated for Summer 2021.
Top 10 Tracked Food and Beverage Projects
ILLINOIS:
A food processor is planning to invest $35 million for the renovation and equipment upgrade at its 249,000-square-foot warehouse and processing facility at 2501 North Keeler Avenue in Chicago.
NORTH CAROLINA:
Grocery retail chain is planning for an additional 1.2 million square feet of warehouse and distribution space to be included in their currently under construction distribution center in Greensboro, N.C.
NEVADA:
Seafood processor is planning for the construction of a 1.2 million-square-foot processing and office facility in Winnemucca, Nev. Construction is expected to start in Summer 2021, with completion slated for Summer 2024.
PENNSYLVANIA:
Fresh produce and specialty foods distributor is planning to invest $40 million for the construction of a 224,000-square-foot distribution facility in Philadelphia. Completion is slated for late 2021.
CONNECTICUT:
Specialty food products manufacturer is planning for the expansion of their processing and office facility in West Haven, Conn., by 100,000 square feet. Construction is expected to start in 2021.
FLORIDA:
Specialty food products manufacturer is planning for the construction of an 82,000-square-foot warehouse and processing facility in Coral Springs, Fla. Construction is expected to start in early 2021.
NEWFOUNDLAND:
Seafood processor is planning for the construction of an 183,000-square-foot cold storage facility in Conception Bay South, Newfoundland.
TEXAS:
Robotic greenhouse farming company is planning to invest $10 million for the construction of a 100,000-square-foot growing and processing facility in Lockhart, Texas.
