Food & Beverage Industry Capex in California Appears "Positive" for 2016

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Researched by Industrial Info Resources (Sugar Land, Texas)--The prospects for capital expenditures in the Food & Beverage Industry at processing and distribution sites in California appear to be favorable and off to a strong start for 2016. Construction starts for the year point to more than $900 million in project spending plans. However, that number is likely to grow as the schedule for projects slated for 2017 may accelerate and new projects are announced as the year progresses.

Click the image at right for a graph detailing Food & Beverage projects in California.

Construction starts in the state in 2015 were as low $497 million, after project postponements and cancellations. Industrial Info is currently tracking more than $1.37 billion in project spending plans in California, with individual project values ranging from $500,000 to $250 million.

While California is reported to be the largest milk-producing state in the country, the list of projects under development spans every major sector of the industry.

Project owners include Anheuser-Busch InBev SA/NV (NYSE:BUD) (Leuven, Belgium), Blue Diamond Growers Cooperative (Sacramento, California), ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) and Niagara Bottling LLC (Ontario, California), among others.

A few examples of capital project plans for the dairy sector include:

• $100 million grassroot milk-processing plant
• $80 million craft brewery & distillery addition
• $50 million meat-processing plant expansion
• $25 million bakery facility
• $15 million food-distribution center expansion

Industrial Info's database of active capital and maintenance expenditures of the Food & Beverage Industry across North America and the Sugar Processing Industry and Water Desalination Segment worldwide shows current expenditures of $72 billion and more than 5,300 active projects. The North American portion, including the U.S., Canada and Mexico, comes out to more than 3,000 active projects that total more than $42.5 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/.