Industrial Manufacturing Takes the Lead in Third Quarter Project Kickoffs in Connecticut

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Researched by Industrial Info Resources (Sugar Land, Texas)--Connecticut is hosting 12 projects kicking off for the third quarter worth $412.8 million. The Industrial Manufacturing Industry takes the lead in project spending with three projects worth $223 million. Other industries with substantial kickoffs in the state are Power and Chemical Processing.

Click on image at right to view chart showing third-quarter kickoffs in Connecticut by Industry

The most expensive project kicking off in the Industrial Manufacturing Industry is a $220 million brownfield regional distribution center in Middletown. Owned by FedEx Corporation (NYSE:FDX) (Memphis, Tennessee), the center will cover 500,000 square feet on a 239.5-acre site and will be able to handle 30,000 packages per hour. Having kicked off last month, the project has a completion date slated for August 2018.

The Power Industry is looking at three project kickoffs worth $117 million, the largest of which is the $103 million brownfield natural gas fuel cell energy park in Beacon Falls. Kicking off in August, the park will had a capacity of 63.3 megawatts (MW) of electricity when completed February next year. It is owned by O&G Industries Incorporated (Torrington, Connecticut).

The Chemical Processing Industry is kicking off three projects worth $52 million. The costliest one is the $50 million brownfield lube and coatings additives plant in Waterbury. Owned by Kings Industries Incorporated (Norwalk, Connecticut), the project consists of retrofitting an existing 80,000-square-foot building on an 11-acre industrial complex and installing several production lines and processing equipment to accommodate the manufacturing of lube and coating additives. Construction will kick off next month and be completed May 2017.

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/.