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Researched by Industrial Info Resources (Sugar Land, Texas)--A massive rail transit project to move people to and from LaGuardia Airport in Queens, New York, dominates upcoming project starts in the U.S. Northeast market region. While the project accounts for more than half of the $8.2 billion in planned Industrial Manufacturing Industry project starts in the third quarter, several sectors such as warehousing and distribution, automotive parts manufacturing, and microgrids also are planned to start in the region, which includes Delaware, New Jersey, New York and Pennsylvania.
The AirTrain project in New York consists of a 1.5-mile "people mover" system connected to the Long Island Railroad. The project passed a major milestone in March when the U.S. Federal Aviation Administration (FAA) released its final, favorable environmental impact statement regarding the project. According to a Port Authority of New York and New Jersey spokesperson, "This milestone represents a very important step forward in building a rapid, reliable, and sustainable rail mass transit link to the airport. We appreciate the time and effort the FAA has put into its exhaustive review of the project."
Upon completion, the rail link promises to provide a 30-minute travel time from midtown Manhattan to the airport. According to news media, nearly 90% of passengers arrive at LaGuardia via by private vehicle, causing heavy roadway congestion, and the airport remains the last major airport along the Northeast corridor to lack a rail link. The Port Authority hopes that AirTrain will cause flyers to choose the public transport alternative. The project is set to be completed in 2025. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Database, click here to view the project report.
While the Northeast is not typically thought of as an automotive sector hub, Industrial Info is tracking about $200 million worth of upcoming capital and maintenance projects in the area. One of the largest of these is the expansion of a tire manufacturing plant in Tonawanda, New York, for Sumitomo Rubber Industries (Tokyo, Japan), the world's fifth-largest tire manufacturer. The plant, which will celebrate 100 years of operation in 2022, currently produces 8,250 units per day, and the expansion, providing new modern equipment, will boost this to 14,300 units per day of more environmentally friendly and fuel-efficient tires. The project prompted New York Governor Andrew Cuomo to say, "The multimillion-dollar investment in the Sumitomo Rubber plant is another strong signal of confidence in the Western New York economy's promise for rebounding from the pandemic." The project is expected to be completed in 2024. For more information, see Industrial Info's project report.
One traditional manufacturing project is certainly rising to meet a need: Ball Corporation (NYSE:BLL) (Westminster, Colorado) will be performing a multi-line retrofit at its aluminum can manufacturing plant in Pittston, Pennsylvania. During the COVID-19 pandemic, beverage consumption became much more weighted toward home consumption from grocery stores over bars and restaurants, prompting a shortage of aluminum beverage cans in the U.S. In a conference call earlier this year, Ball Chief Executive Officer John Hayes said, "We are capacity-constrained right now. That's one of the reasons why we've been accelerating our investments--to kind of free up some capacity to really kind of push those things. Because right now, the reality is we don't have the cans to supply those people that are looking to go into it." Production capacity at the plant, which produces more than 1 million cans per day, will be boosted even more by the retrofit, which is scheduled to wrap up early next year. For more information, see Industrial Info's project report.
Microgrids are becoming are being increasingly developed as companies, factories and other entities seek to be free from grid disruptions and/or boost their renewable energy capacity. The State University of New York at Buffalo is following suit with the addition of a 50-megawatt solar array. The project, part of larger scheme of solar installation at the university's campuses, is expected to be completed in the first quarter of next year. "In addition to lowering our carbon emissions, this work will assist with decreasing volatility in the energy prices we pay and increase stability in our university budgeting," said Laura Hubbard, vice president for finance and administration. For more information, see Industrial Info's project report.
No U.S. market region is free from the extraordinary buildout drive of Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington), and the Northeast is no exception. In the first quarter of this year, Amazon reported sales of $108.5 billion, up 44% from a year earlier. In a call with reporters, Amazon Chief Financial Officer Brian Olsavsky said the company is investing in future growth in a big way. In the 12 months ending at the first quarter, the company spent almost $50 billion in capital expenditures. Olsavsky said he expected 2021 to be "another strong year" for capital spending, and Amazon seems to be proving this.
Among Amazon's projects in the Northeast market region is a brownfield fulfillment center in Hopewell Junction, New York, about 80 miles north of New York City. The 631,000-square-foot facility will be built on the site of a former IBM campus and is expected to be completed in late 2022. For more information, see Industrial Info's project report. Most of Amazon's project kicking off in the third-quarter are in New York, with the exception of sorting facility renovation in New Jersey. Click here for a list of upcoming Amazon projects in the region.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
The AirTrain project in New York consists of a 1.5-mile "people mover" system connected to the Long Island Railroad. The project passed a major milestone in March when the U.S. Federal Aviation Administration (FAA) released its final, favorable environmental impact statement regarding the project. According to a Port Authority of New York and New Jersey spokesperson, "This milestone represents a very important step forward in building a rapid, reliable, and sustainable rail mass transit link to the airport. We appreciate the time and effort the FAA has put into its exhaustive review of the project."
Upon completion, the rail link promises to provide a 30-minute travel time from midtown Manhattan to the airport. According to news media, nearly 90% of passengers arrive at LaGuardia via by private vehicle, causing heavy roadway congestion, and the airport remains the last major airport along the Northeast corridor to lack a rail link. The Port Authority hopes that AirTrain will cause flyers to choose the public transport alternative. The project is set to be completed in 2025. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Database, click here to view the project report.
While the Northeast is not typically thought of as an automotive sector hub, Industrial Info is tracking about $200 million worth of upcoming capital and maintenance projects in the area. One of the largest of these is the expansion of a tire manufacturing plant in Tonawanda, New York, for Sumitomo Rubber Industries (Tokyo, Japan), the world's fifth-largest tire manufacturer. The plant, which will celebrate 100 years of operation in 2022, currently produces 8,250 units per day, and the expansion, providing new modern equipment, will boost this to 14,300 units per day of more environmentally friendly and fuel-efficient tires. The project prompted New York Governor Andrew Cuomo to say, "The multimillion-dollar investment in the Sumitomo Rubber plant is another strong signal of confidence in the Western New York economy's promise for rebounding from the pandemic." The project is expected to be completed in 2024. For more information, see Industrial Info's project report.
One traditional manufacturing project is certainly rising to meet a need: Ball Corporation (NYSE:BLL) (Westminster, Colorado) will be performing a multi-line retrofit at its aluminum can manufacturing plant in Pittston, Pennsylvania. During the COVID-19 pandemic, beverage consumption became much more weighted toward home consumption from grocery stores over bars and restaurants, prompting a shortage of aluminum beverage cans in the U.S. In a conference call earlier this year, Ball Chief Executive Officer John Hayes said, "We are capacity-constrained right now. That's one of the reasons why we've been accelerating our investments--to kind of free up some capacity to really kind of push those things. Because right now, the reality is we don't have the cans to supply those people that are looking to go into it." Production capacity at the plant, which produces more than 1 million cans per day, will be boosted even more by the retrofit, which is scheduled to wrap up early next year. For more information, see Industrial Info's project report.
Microgrids are becoming are being increasingly developed as companies, factories and other entities seek to be free from grid disruptions and/or boost their renewable energy capacity. The State University of New York at Buffalo is following suit with the addition of a 50-megawatt solar array. The project, part of larger scheme of solar installation at the university's campuses, is expected to be completed in the first quarter of next year. "In addition to lowering our carbon emissions, this work will assist with decreasing volatility in the energy prices we pay and increase stability in our university budgeting," said Laura Hubbard, vice president for finance and administration. For more information, see Industrial Info's project report.
No U.S. market region is free from the extraordinary buildout drive of Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington), and the Northeast is no exception. In the first quarter of this year, Amazon reported sales of $108.5 billion, up 44% from a year earlier. In a call with reporters, Amazon Chief Financial Officer Brian Olsavsky said the company is investing in future growth in a big way. In the 12 months ending at the first quarter, the company spent almost $50 billion in capital expenditures. Olsavsky said he expected 2021 to be "another strong year" for capital spending, and Amazon seems to be proving this.
Among Amazon's projects in the Northeast market region is a brownfield fulfillment center in Hopewell Junction, New York, about 80 miles north of New York City. The 631,000-square-foot facility will be built on the site of a former IBM campus and is expected to be completed in late 2022. For more information, see Industrial Info's project report. Most of Amazon's project kicking off in the third-quarter are in New York, with the exception of sorting facility renovation in New Jersey. Click here for a list of upcoming Amazon projects in the region.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
