Food and Beverage Project Expenditures in Kentucky Reach $900 Million

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Researched by Industrial Info Resources (Sugar Land, Texas)--Kentucky has long established itself as the capital in the spirits business, and is now climbing the ranks in the food processing segment. As such, the state is flush with new capital investments at Food & Beverage Industry manufacturing and distribution sites. From grain storage to poultry processing and pet-food manufacturing, plant owners are investing heavily in construction and expansions. Industrial Info is tracking more than 55 capital projects that combine for nearly $900 million in project spending plans at sites across the state.

Individual projects range in investment value from $500,000 to $115 million.

At the end of 2011, Industrial Info released a project report detailing plans by Newly Weds Foods to build a $57 million food plant in Louisville that will be fully operational this fall.

View Project Report - 300049215

A few more examples of the growing number of projects in the food processing and distribution segment in Kentucky are:

• $85 million grassroots pet food production plant
• $57 million grassroots prepared foods plant
• $20 million beer brewery expansion
• $15 million grassroots poultry feed mill

Industrial Info's database of active capital and maintenance expenditures in the Food & Beverage Industry across North America and the Sugar Processing Industry and Water Desalination Segment worldwide shows current expenditures of $49 billion and more than 2,900 active projects. The North American portion comes out to more than 1,750 active projects that total more than $28.9 billion.

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.