Industrial Info Reports Almost $1 Billion in New Food & Beverage Project Activity for April

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Project spending opportunities at Food & Beverage plants across North America was close to $1 billion for the month of April, according to Industrial Info, which reported on 78 new capital and maintenance projects that had a combined total investment value (TIV) of $967 million. Expenditures were tied to plans to build new plants, perform facility expansions, and perform scheduled maintenance repairs and overhauls. Individual projects ranged in value from $1 million to as high as $133 million.

Most of the new project activity for the month was geared toward upgrades and expansions at existing facilities. Meanwhile, plans to build from the ground up were tied to 12 projects with a cumulative investment of $276 million.

Figures by country showed the U.S. with 65 projects worth $807 million; eight projects in Canada that total $87 million; and five projects in Mexico that total $78 million. In the U.S., project activity was the highest in the Midwest and Great Lakes market regions, with 24 and 14 capital and maintenance projects, respectively. The investment of $96 million to expand a jelly and jam manufacturing plant in Kentucky was among the largest expenditures released in April.

Over the course of the month, Industrial Info research staff updated the status, timing and contacts of 221 Food & Beverage Industry projects. The status of 11 projects, including plans to build a $150 million fish hatchery and processing plant, changed from on active to on-hold.

View Project Report - 300067728

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, 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.