Midwest Market Region Eyes $2.4 Billion in Food and Beverage Project Expenditures for 2017

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is currently tracking more than $2.4 billion in project expenditures within the Food and Beverage Industry at sites in the Midwest market region that have a construction start date in 2017. The Midwest market region comprises Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. There are more than 236 projects currently slated for the year and the total investment value (TIV) of each project ranges from $500,000 to as high as $300 million. As the year progresses, more projects will be added and a small percentage of the projects will either be delayed or cancelled.

Grassroot construction projects account for $849 million in expenditures and will result in 23 new plants.

Nearly 33% of the current portfolio's total value is earmarked for Iowa.

Click on the image at right to view a breakdown of the 2017 Midwest food and beverage expenditures by state.

One of the largest projects on record for the year calls for the construction of a $240 million pork processing plant in Iowa. Construction is scheduled to commence this summer, and startup of the facility is targeted for spring 2019. A few examples of project spending plans across the region include:

• a $100 million cheese processing plant
• a $100 million grassroot soybean processing facility
• a $50 million meat packing plant expansion
• a $30 million potato processing plant freezer expansion
• a $15 million bakery facility expansion

According to Industrial Info's Online Plant Platform, there are 1,181 operational manufacturing and distribution facilities in the Midwest market region. Food firms with operations in the region are AG Processing Incorporated, American Crystal Sugar Company, Tyson Fresh Meats Incorporated, and US Foods Incorporated.

Industrial Info's coverage of active capital and maintenance expenditures of the Food and Beverage Industry across the Americas, Oceania and Europe, and the Sugar Processing and Water Desalination segments around the globe shows current expenditures of $90.6 billion and more than 6,900 active projects. The North American portion, including the U.S., Canada and Mexico, comes out to more than 3,600 active projects that total more than $47 billion.

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.