SalesLeads announced today the August 2022 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 74 new projects in the Food and Beverage sector down from 81 in July.
The following are selected highlights on new Food and Beverage industry construction news.
Food and Beverage Project Type
Distribution and Industrial Warehouse – 29 New Projects
Food and Beverage Project Scope/Activity
Renovations/Equipment Upgrades – 28 New Projects
Food and Beverage Project Location (Top 10 States)
During the month of August, our research team identified 4 new Food and Beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Producer Owned Beef LLC, who is planning to invest $670 million for the construction of a processing facility on Jack Rabbit Rd. in AMARILLO, TX. Construction is expected to start in early 2023, with completion slated for late 2025.
Top 10 Tracked Food and Beverage Projects
Company Name: Tyson Foods Inc.
Meat processing company is planning to invest $200 million for a 143,000 sf expansion, renovations, and equipment upgrades on their processing and warehouse facility in AMARILLO, TX. Construction is expected to begin in Fall 2022, with completion slated for 2024.
Reason Behind Expansion: Modernize equipment, expansion and renovation of their processing and warehouse facility
Tyler Boutillier – Sr. Industrial Engineer
Pet food mfr. is planning to invest $82 million for the expansion and equipment upgrades on their processing facility in KANSAS CITY, MO. They have recently received approval for the project.
Reason Behind Expansion: Modernize equipment and expansion of their processing facility
Aaron Ghering – Industrial Engineer Mgr.
Dairy company is planning to invest $35 million for the renovation and equipment upgrades on their processing facility in REEDSBURG, WI. They are currently seeking approval for the project.
Reason Behind Expansion: Modernize equipment and renovation of their processing facility
Sindy Saragoca – VP Finance, Operations and Supply Chain
Bryan Harkies – VP, Supply Chain
Diana Gavrila – Dir. Corporate Procurement, Commodities and Ingredients
Salt products mfr. is planning to invest $34 million in the renovation and equipment upgrades on their processing facility in ST. MARTIN PARISH, LA. They have recently received approval for the project.
Reason Behind Expansion: Modernize equipment and renovation of their processing facility
John Stuart – Sr. Project Mgr.
Nutrition and bio-solutions company is considering the construction of two processing facilities and is currently seeking a site in the DECATUR, IL area.
Reason Behind Expansion: Establish two new processing facilities
Camille Batiste – Global SVP, Supply Chain and Procurement
Jule Rambo – Global Finance Dir. Supply Chain and Procurement
Kevin Sugar – Construction Project Mgr.
Foodservice distributor is planning to invest $24 million for a 132,000 sf expansion and renovations of their warehouse and office facility in DOVER, FL. They are currently seeking approval for the project.
Reason Behind Expansion: Expansion and renovation of their warehouse and office facility
Company Name: Durham Coca-Cola Bottling Company
Beverage company is planning for the construction of a 170,000 sf distribution and office facility in APEX, NC. They are currently seeking approval for the project. Construction is expected to start in early 2023 and they will relocate operations upon completion in 2024.
Reason Behind Expansion: Establish a new distribution and office facility
Company Name: Big Beverages Contract Manufacturing
Beverage packaging company is planning for the renovation and equipment upgrades on a recently leased 124,000 sf warehouse on Torrence Ford Dr. in HUNTERSVILLE, NC.
Reason Behind Expansion: Modernize equipment and renovation of a warehouse
Trevor Harrington – VP, Supply Chain and Logistics
Matthew Swertfager – Warehouse and Logistics Mgr.
Company Name: River Point Farms
Fresh produce company is planning for the construction of a 60,000 sf warehouse and processing facility in PLYMOUTH, WA. They have recently received approval for the project.
Reason Behind Expansion: Establish a new warehouse and processing facility
Company Name: Miguel Olivares & Sons
Fresh produce company is planning to invest $6.5 million for a 56,000 sf expansion of their warehouse facility in DELHI, CA. They are currently seeking approval for the project.
Reason Behind Expansion: Expansion of their warehouse facility
Since 1959, 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.