Planning where to spend money is a challenge. The good news is technology can help take the guesswork out of the equation by offering information to help allocate resources in the right areas.
For example, SalesLeads, Jacksonville, Fla., provides industrial project reports on companies that are planning significant capital investments in their industrial facilities throughout North America. The company identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities. Thus, companies can focus efforts in areas that have impending needs.
The 2019 recap report shows 1797 new planned industrial manufacturing industry projects were tracked last year. Ohio, Michigan, and Indiana were at the top of the list in terms of locations with the most projects, while renovation and equipment upgrades were the most common in terms of scope.
The largest project is owned by Texas Instruments Inc., which is investing $3 billion for construction of an 870,000-sq.ft., manufacturing facility.
Other projects include:
- Construction of a processing facility
- Construction of an automotive manufacturing facility
- Construction of a battery manufacturing facility
The data gathered in the report can help identify industrial manufacturing projects that are in the conceptual, planning, and design, or approval stages.
New projects are posted to the site, so sales and marketing professionals can engage with construction professionals in engineering, maintenances, facilities, purchasing, operations, plant management, safety, and IT, about tools and products to use during the building process.
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