Investments in North American Grain Handling and Storage Facilities at $1.1 Billion and Growing

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Researched by Industrial Info Resources (Sugar Land, Texas)--Over the next 24 months, the grain handling and storage segment of the Food and Beverage Industry will be bustling with construction activity. Growing demand for food products in domestic and international markets is driving new investments in the segment. Industrial Info has indentified more than 100 capital projects within the segment that are geared toward expanding and building new grain elevators, terminals and rail-handling facilities across the U.S. and Canada. Project values range from $700,000 to $120 million, and the cumulative investment value is just more than $1.1 billion.

Spending plans for the U.S. show 100 projects that combine for $893 million, while figures for Canada show eight projects with a total value of $259 million.

A $120 million grain elevator expansion in Vancouver, British Columbia, is the largest project expenditure that is being tracked by Industrial Info in the grain segment.

In terms of project schedules, 26 projects already have begun construction, and the value of those projects comes out to $639 million. By the end of 2014, 42 projects that tally up to $365 million are slated to begin construction. Figures for 2015 show 23 projects with expenditures totaling $91 million, while activity beyond 2016 points to 17 projects that combine for $57 million.

Nearly half of the planned expenditures are tied to grassroots construction, with 26 new facilities totaling $500 million. One of the largest grassroot projects on record is a $32 million shuttle train-loading facility in Nebraska that is being developed by Dakota Plains Ag Center LLC. In another development, Cargill Incorporated (Wayzata, Minnesota) plans to begin construction this spring on an $18.5 million elevator and flat storage facility in Iowa that will have a storage capacity of 5.2 million bushels. CHS Incorporated (St. Paul, Minnesota), Vittera Incorporated (Regina, Saskatchewan), and Archer Daniels Midland (NYSE:ADM) (Decatur, Illinois) are among the 20-plus project owners that are building new facilities from the ground up.

Industrial Info's database of active capital and maintenance expenditures in the Food and Beverage Industry across North America and the Sugar Processing Industry and Water Desalination Segment worldwide shows current expenditures of $48 billion and more than 2,850 active projects. The North American portion comes out to more than 1,700 active projects that total more than $28.4 billion.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine 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.