SOURCE: Industrial Info Resources

Industrial Info Resources

June 29, 2016 07:15 ET

U.S. Food & Beverage Industry Capital Spending Forecast Remains Strong With $17.5 Billion in Project Plans in the Pipeline, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jun 29, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The U.S. Food & Beverage Industry continues to be an attractive market for companies that provide engineering and construction services as well as equipment sales and services. To that end, Industrial Info is tracking more than 1,800 project spending plans at food and beverage manufacturing and distribution sites across the lower 48 states, Hawaii and Alaska. Food firms have plans to invest more than $17.5 billion within the next three years to build new facilities, expand existing operations or perform equipment and infrastructure upgrades. The investment value of projects range from $1 million to as high as $500 million and have construction start dates of July 2016 or later.

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