Industrial Reports, Inc.
Planned Capital Spending - March 2018

Combined U.S. & Canadian Industrial Spending Falls Back

RALEIGH, NC –April 2, 2018

Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending declined 36 percent in March compared to February. March spending for the two nations totaled $32.28 billion compared to February’s $50.65 billion. The research organization reported 254 planned U.S. and Canadian projects in March.

Planned U.S. project spending dropped by 41 percent in March with $27.76 billion in planned investment compared to the February total of $42.44 billion.

Canadian planned investment fell to $4.52 billion in March compared to $8.21 billion in February. Projects in both nations ranged in value from $1 million to $2 billion.

Power and energy projects led U.S. spending with $11.99 billion in planned investment, followed by process projects with $8.48 billion. Manufacturing projects reported $4.18 billion in planned U.S. spending.

In Canada, process projects led all markets with $3.72 billion in planned spending. Manufacturing projects accounted for $569 million and power and energy projects showed $157 million.

Michigan was the U.S. leader in planned investment for the month with $3.08 billion, followed by Tennessee with $2.70 billion and Louisiana with $2.50 billion.

In Canada, Ontario led the provinces and territories with $1.63 billion in planned spending. Alberta reported $1.61 billion and Québec reported $1.02 billion.

Texas was the leader in U.S. project activity with 18 planned projects. Indiana reported 16 planned projects and Tennessee had 12.

Ontario led Canadian project activity with 13 planned projects. Alberta and Québec each reported seven and British Columbia three.

Industrial Reports researches projects in the United States and Canada for companies that provide services, materials and equipment for new and expanding industrial facilities, including:

-Manufacturing Facilities
-Process Facilities
-Food Process Facilities
-Chemical Process Plants
-Pipelines
-Oil & Gas Projects
-Mines
-Research & Development Laboratories
-Distribution Facilities
-Energy Facilities
-Industrial Buildings
-Water/Wastewater Treatment Plants
-Solid Waste Facilities
-Plant Dismantlements

The following are selected projects researched and reported in March:

Georgia:
$120 Million Lumber Mill, Planning and Some Design

Indiana:
$975 Million Combined-Cycle & Solar Power Plants, Planning Phase

Louisiana:
$1.3 Billion Methanol Production Expansion, Starting Planning

Massachusetts:
$28 Million Wastewater Treatment Plant, Planning Phase

Minnesota:
$500 Million Iron Ore Mine, Planning Phase

Nevada:
$35 Million Gold Mine Expansion, Planning and Some Design

New York:
$28 Million Brewery, Design Phase

Ohio:
$10 Million Coal-Fired Power Plant Demolition, Planning Phase

Ohio:
$160 Million Housewares Distribution Facility, Planning Phase

Ontario:
$14 Million Hydroelectric Power Plant, Planning Phase

Pennsylvania:
$25 Million Pet Food Plant Expansion, Starting Planning

Saskatchewan:
$170 Million Straw Pulp Mill, Planning Phase

Tennessee:
$190 Million Auto Components Production Expansion, Design Phase

Texas:
$150 Million Crude Oil Stabilizer & Gathering System Expansion, Planning Phase

Virginia:
$100 Million Data Center, Design Phase


Planned Capital Spending

Planned Investment Chart


Planned Capital Projects

Project Activity


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