Food & Beverage Firms to Invest $1.25 Billion in Manufacturing and Distribution Projects in Indiana

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Researched by Industrial Info Resources (Sugar Land)--The food and beverage industry in Indiana is thriving. Processing and distribution firms plan to invest more than $1.25 billion to build facilities, expand plants and upgrade equipment. Industrial Info is tracking more than 100 individual project plans, with the value of each project ranging from $650,000 to $230 million. As the year progresses, more projects will be added, and a small percentage of the projects will be delayed or cancelled.

The majority of project plans call for upgrades, modernizations and expansions to facilities that are operational. Moreover, project plans span the range of the industry's subsectors and include:

• $35 million flour mill expansion
• $25 million bakery facility conversion
• $18 million smoothie production line addition
• $10 million food additives plant expansion
• $5 million meat slaughtering plant expansion
• $5 million cold storage facility expansion

Grassroot construction activity accounts for $692 million in project expenditures and is tied to 12 new plants. In one instance, plans call for building a 320,000-square-foot facility to product salad dressings in Boone County, with an estimated cost of $90 million. Construction is slated to begin this summer, and the facility is scheduled to begin operation in the first quarter of 2018.

Industrial Info's coverage of active capital and maintenance expenditures in the Food and Beverage Industry across the Americas, Oceania and Europe, and the Sugar Processing and Water Desalination segments around the globe shows current expenditures of $90.44 billion and more than 6,900 active projects. The North American portion, including the U.S., Canada and Mexico, comes out to more than 3,500 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.