Industrial Reports, Inc.

 

Planned Capital Spending - January 2020

Continued Improvement in Combined U.S. and Canadian Industrial Spending

RALEIGH, NC

February 3, 2020

Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending shot up over 40 percent in January to $50.56 billion compared to December’s $34.95 billion. Projects in both nations ranged in value from $1 million to $3.7 billion. The research organization reported 224 planned U.S. and Canadian projects in January.

Planned U.S. project spending improved more than 30 percent with $43.92 billion in planned investment compared to the December total of $33.38 billion. U.S. spending was mostly composed of $28.47 billion in planned investment for process projects, followed by $10.40 billion for power and energy projects and $3.41 billion for manufacturing projects. Texas was the U.S. leader in planned investment for the month with $6.70 billion, followed by Ohio with $4.53 billion and Utah with $4.02 billion. The majority of U.S. project activity was in Texas which had 23 planned projects reported, followed by New York and Virginia each with 11 projects, and Ohio with nine.

Canadian planned investment rebounded to $6.64 billion in January compared to December’s $1.57 billion. Process projects also led all Canadian markets with $5.77 billion reported in planned spending followed by $1.31 billion for power and energy projects. Alberta led the provinces and territories with $5.26 billion in planned spending. We reported $766 million in planned spending in Saskatchewan, while British Columbia followed with $270 million. The majority of Canadian project activity was in Alberta with 14 planned projects reported. There were seven projects reported in British Columbia and two each in Nova Scotia, Ontario and Québec.

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 January:

California:
$15 Million Biopharmaceutical R&D Facility, Planning and Some Design

Florida:
$232 Million Discount Merchandise Distribution Facility, Design Phase

Georgia:
$100 Million Grocery Products Distribution Facility, Design Phase

Illinois:
$82 Million Data Center, Starting Design

Kansas:
$62 Million Candy Plant Expansion, Starting Planning

Louisiana:
$22.6 Million Lubricants Plant Expansion, Starting Construction

Massachusetts:
$50 Million Pharmaceutical Plant, Design Phase

New York:
$6 Million Medical Device Plant, Planning Phase

North Carolina:
$127.3 Million Aluminum Forging Plant, Design Phase

Nova Scotia:
$5.5 Million Water Treatment Plant Upgrade, Planning Phase

Ohio:
$24 Million Natural Gas Pipeline, Metering Station & Compressor Station Upgrade, Starting Design

Québec:
$100 Million Lithium Processing Plant & Mine, Planning Phase

South Dakota:
$100 Million Pet Food Production Expansion, Design Phase

Texas:
$125 Million Crude Oil Pipeline & Pump Station, Design Phase

Texas:
$159.3 Million Natural Gas-Fired Power Plant Expansion, Planning and Some Design

Virginia:
$2 Billion Hydroelectric Power Plant, Starting Planning

Wyoming:
$260 Million Carbon Dioxide Capture & Processing Facility, Design Phase


Planned Capital Spending

Planned Investment Chart


Planned Capital Projects

Project Activity


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