SOURCE: Industrial Info Resources

August 04, 2008 05:30 ET

Extractive Industries Push Planned Industrial Project Spending in Canada to $386 Billion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 4, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Resource-rich Canada is exploding with industrial project activity. Industrial Info is tracking 1,664 projects that are scheduled to begin construction in 2008 or beyond. These projects will require an astonishing $386 billion to engineer, equip and construct. A prime example of the type of projects in Canada's oil patch that have started up construction this year is the massive Voyageur Project being developed by Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta). Another hot industry for Canada this year is Metals & Minerals. Rio Tinto (NYSE:RTP) (London), for example, has redirected growth plans and resources from projects in the Middle East and Africa to focus on expansions of aluminum smelters in British Columbia and Quebec. New mines are being developed also. Potash Corporation of Saskatchewan Incorporated (TSX:POT) (Saskatoon, Saskatchewan) has begun site preparation for a $1 billion expansion of the Cory potash mine.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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