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Released March 28, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--While the oil and gas sector continues to lose jobs and slash capital expenditures across Texas, food and beverage firms are pumping capital expenditures into manufacturing and distribution sites in the state while simultaneously creating jobs. Industrial lnfo is tracking over $2.5 billion in project spending plans for new construction, upgrades and expansions across all segments of the industry. Project values range from $500,000 to as much as $250 million and include those in the initial planning, engineering and construction phases.
Spending plans with a kickoff date of April 2016 and later currently stand at $1.3 billion and include projects with a construction start date as far out as August of 2017. Of the 159 projects being tracked, 38 valued at $1.2 billion are in various stages of construction, with many still having bidding opportunities for equipment and service providers.
Grassroots construction represents $1.2 billion in spending for 35 new facilities--with 11 of those worth$607 million--already in the construction phase.
Examples of Food and Beverage Industry project spending plans in Texas are:
Industrial Info's database of active capital and maintenance expenditures of the Food and Beverage Industry across North America and the Sugar Processing Industry and Water Desalination Segment around the globe has current expenditures of $75 billion and more than 5,500 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 $43 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/.
Spending plans with a kickoff date of April 2016 and later currently stand at $1.3 billion and include projects with a construction start date as far out as August of 2017. Of the 159 projects being tracked, 38 valued at $1.2 billion are in various stages of construction, with many still having bidding opportunities for equipment and service providers.
Grassroots construction represents $1.2 billion in spending for 35 new facilities--with 11 of those worth$607 million--already in the construction phase.
Examples of Food and Beverage Industry project spending plans in Texas are:
- $135 Million Grassroot Frozen Food Distribution Center
- $80 Million Grassroot Dairy Processing Plant
- $40 Million Snack Food Plant Expansion
- $24 Million Beer Brewery Upgrades
- $10 Million Poultry Processing Plant Upgrades
- $10 Million Frozen Food Plant Expansion
Industrial Info's database of active capital and maintenance expenditures of the Food and Beverage Industry across North America and the Sugar Processing Industry and Water Desalination Segment around the globe has current expenditures of $75 billion and more than 5,500 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 $43 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/.
