Reports related to this article:
Project(s): View 5 related projects in PECWeb
Plant(s): View 5 related plants in PECWeb
Released September 14, 2016 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, TX)--Industrial Info is currently tracking more than $1.5 billion in capital expenditures at cold storage and warehouse facilities across the U.S. and Canada in the Food & Beverage industry. This year alone, Industrial Info has identified over $600 million in new cold storage projects, including new builds and expansions of existing facilities. Individual investments range from $1 million to $90 million. The rising demand for chilled and frozen food products and growing trade activities are important factors driving the growth of the global cold chain market.
The three regions responsible for more than half the $1.5 billion are the West Coast, Great Lakes and Midwest regions. The West Coast region leads the growth with more than $534 million in total capital expenditures. The Great Lakes region trails with more than $293 million, and the Midwest is not too far behind with more than $228 million in capital investments currently being reported by Industrial Info Resources.
Click the image at right for a breakdown by market region of cold storage spending in the U.S. and Canada.
Across the West Coast market region, nine grassroot facilities are under way. Grassroot construction activity accounts for a total of $358 million, or 67% of the value of all current projects within the West Coast market region. Following closely, the Great Lakes market region remains strong with major grassroot cold storage activity; six plants are under way worth $169 million. Lastly, the Midwest market region brings up the rear with 12 plants under way, totaling $228 million in capital expenditures.
United States Cold Storage (Vorhees, New Jersey), Preferred Freezer Services (Chatham, New Jersey), Lineage Logistics Holdings LLC (Riverside, California), and XTL Incorporated (Philadelphia, Pennsylvania) are among some of the major project owners. Some examples of cold storage projects include:
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.
The three regions responsible for more than half the $1.5 billion are the West Coast, Great Lakes and Midwest regions. The West Coast region leads the growth with more than $534 million in total capital expenditures. The Great Lakes region trails with more than $293 million, and the Midwest is not too far behind with more than $228 million in capital investments currently being reported by Industrial Info Resources.
Click the image at right for a breakdown by market region of cold storage spending in the U.S. and Canada.Across the West Coast market region, nine grassroot facilities are under way. Grassroot construction activity accounts for a total of $358 million, or 67% of the value of all current projects within the West Coast market region. Following closely, the Great Lakes market region remains strong with major grassroot cold storage activity; six plants are under way worth $169 million. Lastly, the Midwest market region brings up the rear with 12 plants under way, totaling $228 million in capital expenditures.
United States Cold Storage (Vorhees, New Jersey), Preferred Freezer Services (Chatham, New Jersey), Lineage Logistics Holdings LLC (Riverside, California), and XTL Incorporated (Philadelphia, Pennsylvania) are among some of the major project owners. Some examples of cold storage projects include:
- $90 million meat and vegetable cold storage in California
- $75 million logistics cold storage facility in Iowa
- $60 million cold storage facility in Texas
- $40 million cold storage warehousing in Illinois
- $39 million cold storage distribution warehouse in Michigan
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.
