Industrial Reports, Inc.

 

Planned Capital Spending - October 2019

Combined U.S. & Canadian Industrial Spending Drops 34 Percent

RALEIGH, NC

November 1, 2019

Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending fell in October to $23.96 billion compared to September’s $36.32 billion. Projects in both nations ranged in value from $2 million to $3 billion. The research organization reported 170 planned U.S. and Canadian projects in October.

Planned U.S. project spending edged higher in October with $19.33 billion in planned investment compared to the September total of $18.91 billion. U.S. spending was mostly composed of $7.47 billion in planned investment for power and energy projects, followed by $6.19 billion for process projects and $2.72 billion for manufacturing projects. Texas was the U.S. leader in planned investment for the month with $2.34 billion, followed by New Mexico with $1.46 billion and Wyoming with $1.40 billion. The majority of U.S. project activity was in Texas which had 12 planned projects reported, followed by Illinois, Indiana and New York, each with eight projects. North Carolina and Virginia reported seven projects each.

Canadian planned investment plummeted with $4.63 billion in October compared to September’s $17.41 billion. Process projects also led all Canadian markets with $4.36 billion reported in planned spending, followed by $782 million for power and energy projects. Québec led the provinces and territories with $3.15 billion in planned spending. We reported $757 million in planned spending in Alberta while Ontario followed with $407 million. The majority of Canadian project activity was in Alberta with six planned projects reported. There were three projects reported each in Québec and British Columbia and two in Ontario.

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 October:

Colorado:
$133 Million Medical Device Facility, Starting Planning

Georgia:
$60 Million Beverage Distribution Facility, Design Phase

Indiana:
$24.5 Million Hemp Processing Facility, Design Phase

Louisiana:
$75 Million Natural Gas Compressor Station & Metering Stations, Planning Phase

Mississippi:
$442 Million Power Plant Repowering, Planning Phase

Nebraska:
$750 Million Carbon Dioxide Capture & Processing Facility, Starting Planning

New York:
$89 Million Milk Processing Plant Expansion, Design Phase

Oklahoma:
$100 Million Crude Oil Pipeline & Pump Station, Design Phase

Oregon:
$850 Million Water Treatment Plant, Starting Design

Québec:
$17.5 Million Data Center Expansion, Starting Planning

Saskatchewan:
$40 Million Biomass-Fired Power Plant, Design Phase

South Carolina:
$50 Million Depolymerization Plant, Planning Phase

Tennessee:
$100 Million E-Commerce Fulfillment Center, Design Phase

Texas:
$100 Million Bulk Liquids Storage Terminal, Planning Phase

Virginia:
$21 Million Lumber Mill Upgrade & Expansion, Planning Phase

Wisconsin:
$6.9 Million Frozen Foods Plant Expansion, Planning and Some Design

Wyoming:
$150 Million Soda Ash Plant Expansion, Planning Phase


Planned Capital Spending

Planned Investment Chart


Planned Capital Projects

Project Activity


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