Mid-Atlantic Market Region Cooking Up a Pot with $3.2 Billion in Project Expenditures

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Researched by Industrial Info Resources (Sugar Land, Texas)--The outlook for food and beverage project expenditures at Mid-Atlantic market region manufacturing and distribution sites points to 2017 as being another strong year. The region comprises Maryland, North Carolina, South Carolina, Virginia, West Virginia and the District of Columbia. Industrial Info is tracking more than $3.2 billion in expenditures and 275 projects within the region. Project spending plans range in value from $500,000 to as much as $200 million.

Industrial Info will be exhibiting next week at the 2017 International Production & Processing Expo (IPPE) in Atlanta, Georgia (January 31-February 2). Please visit us at booth B7879.

The current pipeline of projects has slightly more than $1 billion that is under construction, with many still open to bidding opportunities. Projects slated for kickoff in 2017 stand at $1.2 billion, and figures for 2018 are more than $500 million.

Click on the image at right for a breakdown by state of Food & Beverage active projects in the Mid-Atlantic region.

Firms that provide design, engineering, construction and financial services to the Food & Beverage Industry will find opportunities across a broad spectrum of the sector. From agribusiness and cold storage to meat and poultry processing and dairy, each segment offers a number of construction and installation type spending plans. Additionally, more than 50% of the planned projects are in the early stages of development and require architectural firms. Meanwhile projects that are closer to the construction phase present opportunities for contractors and subcontractors alike.

According to Industrial Info's Online Plant Platform, there are more than 625 major operational plants across the Mid-Atlantic market region that process, manufacture or distribute food and beverage products. Some of the facility owners include Tyson Foods Incorporated (NYSE:TSN) (Springdale, Arkansas), Anheuser-Busch Inbev SA (NYSE:BUD) (Leuven, Belgium), Campbell Soup Company (NYSE:CPB) (Camden, New Jersey), The Coca-Cola Company (NYSE:KO) (Atlanta, Georgia) and Perdue Farms Incorporated (Salisbury, Maryland), to name a few.

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.