U.S. Food & Beverage Projects Top $3 Billion in 4th Quarter

Researched by Industrial Info Resources (Sugar Land, Texas)--Food & Beverage companies with facilities in the U.S. are sprinting toward the end of the year with a hefty load of capital spending plans. Industrial Info has identified $3.16 billion in capital expenditures that are scheduled to kick off from October through December of this year. Project spending plans include grassroot construction, plant expansions, equipment upgrades and additions. Investment values range from $500,000 to as high as $136 million for a total of 345 projects.

In contrast, project spending plans slated for kickoff during the same period last year were tied to 274 projects worth $3.56 billion. Of those, 208 projects are completed, and the remaining are still under construction. Moreover, construction starts for the third quarter of this year were 278 projects totaling $293 billion.

While projects are all in different timing stages, there are 167 projects in the planning phase with a total investment value of $1.16 billion, 156 projects that have been approved and are in the engineering phase totaling $1.82 billion, and 22 projects that are already in the construction phase worth $195.9 million.

Food & Beverage firms that plan to start construction on projects include Tyson Foods incorporated (NYSE:TSN) (Springdale, Arkansas), Blue Buffalo Pet Products Incorporated (NASDAQ:BUFF) (Wilton, Connecticut) and Frito-Lay North America Incorporated (Plano, Texas).

Looking at spending from a regional standpoint, most of the spending for the quarter is located in the Midwest and Southwest regions, with a total investment of $626 million and $627 million in projects in each region, respectively.

Click on the image at right to view a breakdown of Food & Beverage Industry spending by market region. Projects set to kick-off in the fourth quarter of 2016 include:

• a $95 million grassroot bottling plant in Virginia
• a $25 million cold storage warehouse expansion in Iowa
• a $5 million wet corn milling plant upgrades in Kansas

Information on these and other projects can be found in Industrial Info's North American Industrial Market Platform. Industrial Info's database of active capital and maintenance expenditures for 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, which 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.