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Released June 05, 2014 | SUGAR LAND
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Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--Tennessee is a beautiful state, offering an abundance of delights ranging from barbeque to bourbon. A bigger feather in its cap is an impressive level of life science investment. A recent analysis of active reported projects in Industrial Info's Pharmaceutical & Biotech Industry Online Database revealed 31 projects worth $2.3 billion in various stages of planning, engineering and construction across the state.
Almost half of the total is thanks to ongoing planning for the $1 billion Federal Research Laboratory Spallation Neutron Source (SNS) Second Target Site. Planned for Oak Ridge National Laboratory in Oak Ridge, Tennessee, the project has been in the planning stage for several years, awaiting funding before moving forward.
See below for a chart of active Tennessee life science projects.
The projects that remain are a varied blend of commercial and public investments. In Murfreesboro, Middle Tennessee State is in the midst of building a $147 million science building. Designed by Thomas Miller & Partners (Nashville, Tennessee), the 250,000-square-foot building will offer research space for biology, chemistry and related fields of study. Turner Construction (Brentwood, Tennessee) should complete the facility in spring of 2015.
Click here to gain instant access to the all-new 2014 North American Pharmaceutical-Biotech Outlook.
Fresenius Medical Care (Waltham, Massachusetts) chose Knoxville as the location to invest $140 million to add a new dialysis medical care products plant. The company will renovate and equip the former 280,000-square-foot Panasonic building to supply the east coast market. Construction should take roughly two years for all renovations.
The state scored another plum with the Morristown selection by Colgate-Palmolive (NYSE:CL) for a production expansion of its oral care product line. The $25 million project will add an 80,000-square-foot building to produce creams, rinses and other oral products used by dental professionals. O'Neal Incorporated (Greenville, South Carolina) is the engineering, procurement and construction company for the expansion, which is scheduled to begin later this year.
Of the 31 active projects in Tennessee, 21 have a future kick-off date and carry a total investment value of $1.8 billion. The future opportunities and projects range in size from the aforementioned $1 billion SNS project down to $1 million scheduled maintenance programs.
View Plant Profile - 1519197 1076347 1068550 3118840
View Project Report - 300007080 25002391 300151472 3118840
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three 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.
Almost half of the total is thanks to ongoing planning for the $1 billion Federal Research Laboratory Spallation Neutron Source (SNS) Second Target Site. Planned for Oak Ridge National Laboratory in Oak Ridge, Tennessee, the project has been in the planning stage for several years, awaiting funding before moving forward.
See below for a chart of active Tennessee life science projects.
The projects that remain are a varied blend of commercial and public investments. In Murfreesboro, Middle Tennessee State is in the midst of building a $147 million science building. Designed by Thomas Miller & Partners (Nashville, Tennessee), the 250,000-square-foot building will offer research space for biology, chemistry and related fields of study. Turner Construction (Brentwood, Tennessee) should complete the facility in spring of 2015.
Click here to gain instant access to the all-new 2014 North American Pharmaceutical-Biotech Outlook.
Fresenius Medical Care (Waltham, Massachusetts) chose Knoxville as the location to invest $140 million to add a new dialysis medical care products plant. The company will renovate and equip the former 280,000-square-foot Panasonic building to supply the east coast market. Construction should take roughly two years for all renovations.
The state scored another plum with the Morristown selection by Colgate-Palmolive (NYSE:CL) for a production expansion of its oral care product line. The $25 million project will add an 80,000-square-foot building to produce creams, rinses and other oral products used by dental professionals. O'Neal Incorporated (Greenville, South Carolina) is the engineering, procurement and construction company for the expansion, which is scheduled to begin later this year.
Of the 31 active projects in Tennessee, 21 have a future kick-off date and carry a total investment value of $1.8 billion. The future opportunities and projects range in size from the aforementioned $1 billion SNS project down to $1 million scheduled maintenance programs.
View Plant Profile - 1519197 1076347 1068550 3118840
View Project Report - 300007080 25002391 300151472 3118840
| Active Life Science Projects in Tennessee | |||
|---|---|---|---|
| Project Number | Project TIV | Project Name | Project Type |
| 300007080 | $1,000,000,000.00 | OAK RIDGE FEDERAL RESEARCH LAB SNS SECOND TARGET SITE ADDITION | Unit Addition |
| 300034354 | $190,000,000.00 | MEMPHIS MEDICAL RESEARCH TOWER II ADDITION | Unit Addition |
| 25002391 | $147,000,000.00 | MURFREESBORO SCIENCE BUILDING ADDITION | Unit Addition |
| 300159801 | $140,000,000.00 | KNOXVILLE DIALYSIS MEDICAL PRODUCTS PLANT ADDITION | Unit Addition |
| 300113713 | $114,000,000.00 | KNOXVILLE SCIENCE LABORATORY FACILITY (STRONG HALL SITE) ADDITION | Unit Addition |
| 300167777 | $109,000,000.00 | NASHVILLE UNIVERSITY SCIENCE AND ENGINEERING BUILDING ADDITION | Unit Addition |
| 300070557 | $100,000,000.00 | KNOXVILLE 13TH STREET SCIENCE LABORATORY BUILDING ADDITION | Unit Addition |
| 300070523 | $100,000,000.00 | KNOXVILLE WALTER LIFE SCIENCES SITE BUILDING ADDITION | Unit Addition |
| 25002556 | $80,000,000.00 | MEMPHIS INNOVATION CENTER RESEARCH TOWER 1 ADDITION | Unit Addition |
| 300060038 | $59,500,000.00 | CHATTANOOGA UNIVERSITY RESEARCH LIFE SCIENCES BUILDING ADDITION | Unit Addition |
| 25002650 | $49,000,000.00 | MEMPHIS TRANSLATIONAL RESEARCH SCIENCE CENTER ADDITION | Unit Addition |
| 300143210 | $38,000,000.00 | MURFREESBORO GRASSROOT PRIVATE LABEL COSMETICS CMO PLANT | Grassroot |
| 300109641 | $32,500,000.00 | ALCOA PROTON THERAPY MEDICAL DEVICE PLANT ADDITION PHASE II | Unit Addition |
| 25002346 | $32,000,000.00 | MEMPHIS BIOCHEMISTRY AND BIOLOGY RESEARCH BUILDING ADDITION | Unit Addition |
| 300151472 | $25,000,000.00 | MORRISTOWN ORAL CARE PRODUCTS PLANT ADDITION | Unit Addition |
| 25002521 | $25,000,000.00 | CHATTANOOGA PHARMACEUTICAL APIS PLANT EXPANSION | Plant Expansion |
| 300127772 | $24,000,000.00 | MEMPHIS UNIVERSITY HEALTH SCIENCE CENTER MULTIDISCIPLINARY SIMULATION CENTER ADD |
Unit Addition |
| 300109636 | $21,000,000.00 | ALCOA GRASSROOT PROTON THERAPY MEDICAL DEVICE PLANT PHASE I | Grassroot |
| 25002269 | $20,000,000.00 | FRANKLIN COOL SPRINGS LIFE SCIENCE CENTER BLDG B ADDITION | Unit Addition |
| 300020203 | $18,000,000.00 | MEMPHIS NURSING, NATURAL SCIENCES AND BIOTECHNOLOGY BUILDING ADDITION |
Unit Addition |
| 300152640 | $11,200,000.00 | MEMPHIS PLOUGH CENTER FOR STERILE DRUG DELIVERY/GMP PROCESS FACILITY UPFIT |
Renovation |
| 300131319 | $11,000,000.00 | MORRISTOWN COSMETIC, DENTAL AND MEDICAL CMO PLANT EXPANSION | Plant Expansion |
| 300019852 | $8,000,000.00 | FRANKLIN COOL SPRINGS DRUG DISCOVERY LAB BUILDOUT | Equipment Addition |
| 300152625 | $5,250,000.00 | KNOXVILLE REGIONAL FORENSICS LABORATORY ADDITION/UPFIT | Renovation |
| 300162163 | $5,000,000.00 | ARLINGTON ORTHOPEDIC MEDICAL DEVICE WAREHOUSE ADDITION | Unit Addition |
| 300143250 | $2,000,000.00 | LEWISBURG COSMETICS CMO PLANT CLOSURE DISMANTLEMENT & SALE | Closure |
| 300137384 | $1,200,000.00 | CHATTANOOGA PHARMACEUTICAL APIS PLANT 2014 MAINTENANCE PROGRAM | Maintenance Event (Outages, Turnarounds, Shutdowns) |
| 300144345 | $1,000,000.00 | CHATTANOOGA CONSUMER OTC PLANT 4Q14 MAINTENANCE SHUTDOWN | Maintenance Event (Outages, Turnarounds, Shutdowns) |
| 300137060 | $1,000,000.00 | BRISTOL ORAL DOSE PHARMACEUTICAL PLANT 3Q14 MAINTENANCE SHUTDOWN | Maintenance Event (Outages, Turnarounds, Shutdowns) |
| 300131501 | $1,000,000.00 | MEMPHIS PROSTHETICS PLANT 3Q14 MAINTENANCE SHUTDOWN | Maintenance Event (Outages, Turnarounds, Shutdowns) |
| 300129737 | $1,000,000.00 | CHATTANOOGA OTC OINTMENTS PLANT 2Q14 MAINTENANCE SHUTDOWN | Maintenance Event (Outages, Turnarounds, Shutdowns) |
