Reports related to this article:
Project(s): View 8 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
Released June 20, 2023 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Indiana is home to a wide variety of industrial project activity, which ranges from automotive parts to pet food manufacturing. Industrial Info is tracking more than $17.8 billion worth of projects under construction in the state, led in both number and value by the Industrial Manufacturing Industry, which accounts for more than $7 billion worth of projects.
The largest manufacturing project presently under construction in Indiana is Stellantis NV's (NYSE:STLA) (Hoofddorp, Netherlands) grassroot lithium-ion battery plant in Kokomo. The project involves constructing 20 buildings with a total square footage of 3.3 million square feet and an annual production capacity of 23 gigawatt-hours of batteries that will be used in Stellantis' EV fleet. Construction kicked off earlier this year, and the project is expected to be completed in the first quarter of 2025. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for more details.
Another automotive project, set to be completed later this year, contributes significantly to the state's overall project spending. Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) began retooling its plant in Princeton in late 2021. The facility produces about 420,000 vehicles a year, including the popular Highlander SUV. The retool will enable the plant to produce two new electric SUVs. The project is expected to be completed in the fourth quarter of this year. Subscribers can click here for more information.
FedEx Corporation (NYSE:FDX) (Memphis, Tennessee) is underway with an expansion of its air hub in Indianapolis. The project entails constructing 16 new aircraft gates, two package-sorting facilities and another building to handle truck deliveries. The aim is to have the facility process 147,000 packages per hour upon completion later this summer. In addition, FedEx will move some of its heavy maintenance operations from Los Angeles, California, to Indianapolis when the company's lease expires at a Los Angeles air facility in 2024. Construction on the Indianapolis hub has been underway since 2018. Subscribers can click here for the detailed report.
One of Indiana's largest projects is for a couple of active pharmaceutical ingredients (APIs) plants at Eli Lilly and Company's (NYSE:LLY) (Indianapolis, Indiana) campus in Lebanon. The plants are being built concurrently on the campus. Plant I will be two stories and 330,000 square feet, while Plant 2 will come in at 220,000 square feet. The facilities will expand Eli Lilly's manufacturing capacity of APIs for brand-name and generic drugs as well as new therapeutic modalities such as genetic medicines. The facilities are expected to be completed in early 2027. Subscribers to Industrial Info's Pharmaceutical-Biotech Project Database can click here for the report on Plant 1 and click here for more information on Plant 2.
Renewable energy is coming to Indiana in a big way, primarily in the form of solar power installations. In the process of wrapping up construction is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) Dunns Bridge I solar farm, which also will include a battery energy storage system (BESS). After startup, the facility will use approximately 900,000 solar panels to provide nameplate generating capacity of 265 megawatts (MW), with the accompanying BESS capable of providing 75 MW of power in times of low solar output. The solar farm is expected to be completed in the coming weeks, followed by the BESS a few months later. Subscribers to Industrial Info's Power Project Database can click here for the report on the solar farm and here for the BESS report.
Indiana boasts more than $1 billion worth of Food & Beverage projects under construction. Such projects include Blue Buffalo Company's (Wilton, Connecticut) expansion of its dry pet food production plant in Richmond, between Indianapolis and Dayton, Ohio. Construction kicked off recently and entails building a 169,000-square-foot building addition with an extruder line and three new packaging lines to expand the company's production of dry dog and cat food. The expansion comes less than four years after the plant's initial opening. Subscribers to Industrial Info's Food & Beverage Project Database can learn more by viewing the project report.
Subscribers to Industrial Info's GMI Database can click here to see reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
The largest manufacturing project presently under construction in Indiana is Stellantis NV's (NYSE:STLA) (Hoofddorp, Netherlands) grassroot lithium-ion battery plant in Kokomo. The project involves constructing 20 buildings with a total square footage of 3.3 million square feet and an annual production capacity of 23 gigawatt-hours of batteries that will be used in Stellantis' EV fleet. Construction kicked off earlier this year, and the project is expected to be completed in the first quarter of 2025. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for more details.
Another automotive project, set to be completed later this year, contributes significantly to the state's overall project spending. Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) began retooling its plant in Princeton in late 2021. The facility produces about 420,000 vehicles a year, including the popular Highlander SUV. The retool will enable the plant to produce two new electric SUVs. The project is expected to be completed in the fourth quarter of this year. Subscribers can click here for more information.
FedEx Corporation (NYSE:FDX) (Memphis, Tennessee) is underway with an expansion of its air hub in Indianapolis. The project entails constructing 16 new aircraft gates, two package-sorting facilities and another building to handle truck deliveries. The aim is to have the facility process 147,000 packages per hour upon completion later this summer. In addition, FedEx will move some of its heavy maintenance operations from Los Angeles, California, to Indianapolis when the company's lease expires at a Los Angeles air facility in 2024. Construction on the Indianapolis hub has been underway since 2018. Subscribers can click here for the detailed report.
One of Indiana's largest projects is for a couple of active pharmaceutical ingredients (APIs) plants at Eli Lilly and Company's (NYSE:LLY) (Indianapolis, Indiana) campus in Lebanon. The plants are being built concurrently on the campus. Plant I will be two stories and 330,000 square feet, while Plant 2 will come in at 220,000 square feet. The facilities will expand Eli Lilly's manufacturing capacity of APIs for brand-name and generic drugs as well as new therapeutic modalities such as genetic medicines. The facilities are expected to be completed in early 2027. Subscribers to Industrial Info's Pharmaceutical-Biotech Project Database can click here for the report on Plant 1 and click here for more information on Plant 2.
Renewable energy is coming to Indiana in a big way, primarily in the form of solar power installations. In the process of wrapping up construction is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) Dunns Bridge I solar farm, which also will include a battery energy storage system (BESS). After startup, the facility will use approximately 900,000 solar panels to provide nameplate generating capacity of 265 megawatts (MW), with the accompanying BESS capable of providing 75 MW of power in times of low solar output. The solar farm is expected to be completed in the coming weeks, followed by the BESS a few months later. Subscribers to Industrial Info's Power Project Database can click here for the report on the solar farm and here for the BESS report.
Indiana boasts more than $1 billion worth of Food & Beverage projects under construction. Such projects include Blue Buffalo Company's (Wilton, Connecticut) expansion of its dry pet food production plant in Richmond, between Indianapolis and Dayton, Ohio. Construction kicked off recently and entails building a 169,000-square-foot building addition with an extruder line and three new packaging lines to expand the company's production of dry dog and cat food. The expansion comes less than four years after the plant's initial opening. Subscribers to Industrial Info's Food & Beverage Project Database can learn more by viewing the project report.
Subscribers to Industrial Info's GMI Database can click here to see reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
