Industrial Reports, Inc.

 

Planned Capital Spending - August 2019

Big Slowdown in Combined U.S. & Canadian Industrial Spending

RALEIGH, NC –September 3rd, 2019

Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending dropped dramatically in August to $28.28 billion compared to July’s $96.99 billion. Projects in both nations ranged in value from $1 million to $3 billion. The research organization reported 151 planned U.S. and Canadian projects in August.

Planned U.S. project spending sputtered with $21.64 billion in planned investment compared to the July total of $75.69 billion. U.S. spending was mostly composed of $8.58 billion in planned investment for process projects, followed by $7.69 billion for power and energy projects and $5 billion for manufacturing projects. Texas was the U.S. leader in planned investment for the month with $4.08 billion, followed by Louisiana with $3.40 billion and Ohio with $2.24 billion. The majority of U.S. project activity was in New York and North Carolina, both with nine planned projects reported, followed by California with seven projects. Illinois, Indiana, Ohio, Pennsylvania, Texas and Wisconsin reported six projects each.

Canadian planned investment also had a poor showing with $6.64 billion in August compared to July’s $21.30 billion. Process projects also led all Canadian markets with $6.01 billion reported in planned spending, followed by $458 million for power and energy projects. British Columbia led the provinces and territories with $2.41 billion in planned spending. We reported $1.56 billion in planned spending in Alberta while Ontario followed with $1.51 billion. The majority of Canadian project activity was in Alberta and British Columbia, each with seven planned projects reported. There were four projects reported in Newfoundland and Labrador.

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 August:

Alabama:
$60 Million Automotive Components Plant, Design Phase

Arkansas:
$150 Million Steel Tube Mill, Design Phase

California:
$20 Million Water Bottling Plant, Design Phase

Colorado:
$32 Million Crude Oil Pipeline, Planning Phase

Florida:
$55 Million Grocery Fulfillment Center, Design Complete

Indiana:
$17.5 Million Resin Recycling & Compounding Plant, Planning Phase

Kentucky:
$50 Million Aircraft Components Plant Expansion, Planning Phase

Louisiana:
$150 Million Petrochemical Plant Retrofit, Planning Phase

Michigan:
$600 Million Coated Paperboard Production Expansion, Planning Phase

Minnesota:
$60 Million Pet Treat Plant, Design Phase

North Dakota:
$51.4 Million Chemistry R&D Facility, Design Phase

New York:
$450 Million Combined-Cycle Power Plant, Planning Phase

Pennsylvania:
$25 Million Water Treatment Plant, Design Complete

Québec:
$980 Million Iron, Titanium & Vanadium Ore Processing Facility & Mine, Design Phase

Texas:
$40 Million Natural Gas Gathering System, Design Phase


Planned Capital Spending

Planned Investment Chart


Planned Capital Projects

Project Activity


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