Industrial and commercial market intelligence firm SalesLeads’ released its latest monthly report covering planned food & beverage construction projects in North America, showing that activity started 2021 on a weak note both month-to-month and year-over-year.
SalesLeads tracked 60 such food & beverage facility projects in January, down from 73 in December and down significantly from the 89 that were tracked in January 2020.
SalesLeads' recent annual report confirmed 872 new food & beverage projects in 2020, down 9 percent from 2019. Only four months in 2020 — July, September, November and December — had more activity than in 2019 as the COVID-19 pandemic had an immense impact on capital spending plans across the entire manufacturing sector.
The firm’s January recap is broken down as follows:
- 59 projects were for processing facilities (59 in December, 69 in November, 59 in October)
- 20 were for distribution and industrial warehouse (20 in December, 34 in November, 17 in October)
- 23 were new construction projects (23 in December, 30 in November, 28 in October)
- 21 were expansion projects (21 in December, 35 in November, 16 in October)
- 33 projects entailed renovations and equipment upgrades (33 in December, 32 in November, 30 in October)
- There were no plant closure projects (0 in December, 1 in November, 0 in October)
- New York, Georgia, Indiana and Texas each had four tracked projects in January, while California, Alabama, Ohio, Florida, Wisconsin and Washington each had three.
During January, SalesLeads identified three new food & beverage facility construction projects with an estimated value of at least $100 million — compared to two each in December and November and four in October. The largest January project is by Walmart, which plans to invest $800 million to build two distribution centers totaling 2 million square feet in Lancaster, TX.
The other largest food & beverage facility. construction projects SalesLeads identified in Janary included:
- Specialty food products maker Maple Leaf Foods, which plans to invest $100 million for the renovation and equipment upgrades on a 118,000-square-foot processing facility in Indianapolis, IN.
- Fishery Cooke Aquaculture, which plans to invest $59 million to build a processing facility in Digby Neck, Nova Scotia.
- Poultry company Koch Foods, which plans to invest $16 million for the expansion and equipment upgrades on its processing facility in Gadsden, AL.
- Beverage company Niagara Bottling, which plans to invest $12 million to build a 180,000-square-food warehouse and distribution facility in Mooresville, NC.
- Food Bank of Lincoln, Inc., which plans to invest $10 million to build a 60,000-square-foot distribution center in Lincoln, NE.
- Meat supplier Butterball, which plans to invest $9 million for the expansion and equipment upgrades of its processing facilities in Ozark, AR and Huntsville, AR.
- Coca-Cola Bottling Company, which plans to invest $8 million to build a 24,000-square-foot warehouse and office facility in Panama City, FL. They will relocate regional operations upon completion in late 2021.
- Produce supplier Maglio Companies, which is planning a renovation and equipment upgrades on a 78,000-square-foot processing, warehouse and office facility in Glendale, WI. An investment amount wasn't disclosed.
- Sugar and sweetener processing company Sucro Sourcing, which plans to build a 45,000-square-foot processing facility in Lackawanna, NY. An investment amount wasn't disclosed.
- Startup meat processing company Michigan Meats, which plans to build a 14,000-square-foot processing facility in Wayne, MI. An investment amount wasn't disclosed.