Indiana Home to More than $820 Million in Food and Beverage Industry Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--A plan by ConAgra Foods (NYSE:CAG) (Omaha, Nebraska) to build an $80 million food distribution hub in Frankfort is one of the largest of 57 project spending plans in Indiana's Food and Beverage Industry. Industrial Info has identified more than $820 million in projects within the state that range in value from $750,000 to $95 million.

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Construction has started on five projects, including a $40 million wheat flour mill; a $25 million fertilizer and seed storage facility; an $8 million grain storage elevator; $7 million in upgrades to a licorice plant; and a $1.2 million liquor distillery expansion. Construction start dates on the remaining 52 projects extend as far out as June 2016.

The value of grassroot construction activity accounts for 53%, or $429 million, of the current spending totals. In terms of project counts, the majority of project plans call for in-plant upgrades or expansions of existing facilities with a combined value of $391 million from 45 projects.

Industrial Info's database of active capital and maintenance expenditures in the North American Food and Beverage Industry and the global Sugar Processing Industry and Water Desalination Segment shows current expenditures of $52 billion and more than 3,200 active projects. The North American portion comes out to more than 2,000 active projects that total more than $31 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.