Industrial Reports, Inc.
Planned Capital Spending - May 2018

Healthy Gains in Combined U.S. & Canadian Industrial Spending

RALEIGH, NC –June 1, 2018

Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending increased 38 percent in May compared to April. May spending for the two nations totaled $43.65 billion compared to April’s $31.50 billion. The research organization reported 264 planned U.S. and Canadian projects in May.

Planned U.S. project spending nearly doubled in May with $36.06 billion in planned investment compared to the April total of $19.60 billion.

Canadian planned investment slipped 36 percent to $7.59 billion in May from April’s $11.90 billion. Projects in both nations ranged in value from $1 million to $9 billion.

Process projects led U.S. spending with $23.77 billion in planned investment, followed by power and energy projects with $4.65 billion. Manufacturing projects reported $4.45 billion in planned U.S. spending.

In Canada, process projects led all markets with $6.97 billion in planned spending. Manufacturing accounted for $217 million and power and energy projects showed $43 million.

Texas was the U.S. leader in planned investment for the month with $18.58 billion, followed by South Carolina with $1.76 billion and Michigan with $1.74 billion.

In Canada, British Columbia led the provinces and territories with $6.27 billion in planned spending. Alberta reported $643 million and Newfoundland reported $557 million.

Texas was the leader in U.S. project activity with 26 planned projects. North Carolina reported 20 planned projects and South Carolina had 15.

British Columbia led Canadian project activity with seven planned projects. Ontario reported six projects and Alberta five.

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
-Oil & Gas Projects
-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 May:

$100 Million Petroleum Refinery Upgrade, Planning Phase

$1 Billion Combined-Cycle Power Plant, Starting Design

New York:
$30 Million Yogurt Plant Expansion, Design Phase

$40 Million E-Commerce Fulfillment Center, Design Phase

$17.5 Million Vehicle Seating Plant Expansion, Starting Planning

Prince Edward Island:
$10 Million Grain Elevator Expansion, Design Phase

$9.1 Million Veneer Mill Rebuild, Design Phase

$14.5 Million NGL Pipeline, Planning Phase

$52.3 Million Pulp Mill Capacity Expansion, Starting Design

South Dakota:
$165 Million Peaking Power Plant, Planning & Some Design

$50 Million Additives Plant, Design Phase

West Virginia:
$6 Million Crude Oil Offloading Facility & Rail Spur, Design Phase

Planned Capital Spending

Planned Investment Chart

Planned Capital Projects

Project Activity

Receive the Report Monthly by Email

This report is compiled and distributed monthly as a service of Industrial Reports Online, if you would like to receive the report monthly by email in the future, please click on the following link and then send the message, making sure that "Subscribe" is in the subject line:

Or you may call 1 800 235-2330, ext. 2