Meat and Poultry Segment Beefs Up Spending with More than $4.9 Billion in Project Spending Plans

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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. meat and poultry segment is seeing a rise in capital expenditures related to new plant construction, expansions and equipment upgrades. Industrial Info is tracking more than $4.9 billion in project spending plans that are in the planning, engineering and early construction phases. Project expenditures range from $1.4 million to $270 million for more than 350 individual projects.

Low feed prices and rapidly growing cattle herds, along with strong domestic and export markets for poultry products, are among the key contributors to the health of the segment.

Construction has started on 79 projects with a combined total investment value of $1.8 billion. Start dates range from early 2015 to November 2015. Projects with future construction start dates total more than $3.1 billion from 270 capital projects. Project completion dates go out as far as 2017.

Grassroot construction activity points to more than $2.1 billion in spending on 42 new plants. One of the largest projects on record is a plan to build a $270 million pork-processing plant in Iowa that has recently started construction and will be completed in 2017.

A few examples of project spending plans for the meat and poultry segment include:

• $100 Million pork-processing plant rebuild in North Carolina
• $85 Million poultry-processing plant in Arkansas
• $$50 Million meat-processing plant expansion in California
• $42 Million pork-processing plant in Missouri
• $30 Million poultry-processing plant expansion in Georgia

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.