U.S and Canada Poultry Sector Continues to Invest Billions

Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking project spending plans to develop 145 new facilities in the poultry sector across the U.S. and Canada. Project spending plans touch on most segments of the poultry sector, from highly mechanized poultry farms to processing facilities that manufacture and distribute finished products including fresh, frozen and further processed value-added products, among others. The cumulative total investment value of these projects is $2.12 billion and consists of projects ranging in value from $1 million to as high as $300 million.

Project plans with a construction start date of September or later shows 114 projects, with a cumulative investment value of $1.39 billion, while projects already in the construction phase point to $720 million from 30 projects. Five new facilities have completion dates scheduled for 2016. By the end of 2017, another nine projects are slated to wrap up the construction phase, and while project delays are likely, figures for 2018 are secured to another three plants coming online.

Arkansas and Nebraska lead the list of investments to build new poultry facilities, with three new plants each. North Carolina is in second, with plans for two new facilities.

Click on the image at right to view a breakdown of poultry sector spending by market region.

One of the largest projects on record is a plant by Costco Wholesale Incorporated (Issaquah, Washington) and Crider Poultry Incorporated (Stillmore, Georgia) as Lincoln Premium Poultry (Stillmore) to build a $300 million poultry processing plant that will come online in the third quarter of 2018 in Nebraska. A few more examples of new facilities in the poultry sector include:

• a $145 million chicken processing plant in North Carolina
• a $136 million poultry processing facility in Arkansas
• a $120 million poultry processing plant in South Carolina
• a $80 million chicken processing plant in Arizona

Industrial Info's database of active capital and maintenance expenditures by the Food & Beverage Industry across the globe has current expenditures of $81.94 billion and more than 6,200 active projects. The North American section, including the U.S., Canada, and Mexico, comes out to more than 3,400 active projects that total more than $46 billion.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.