SOURCE: Industrial Info Resources

Industrial Info Resources

January 04, 2010 08:01 ET

Food and Beverage Expenditures Strong for First Quarter of 2010, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 4, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Food and beverage companies expect to begin 2010 with a hefty round of spending on new construction, expansions, and upgrades. Industrial Info has identified 157 capital and maintenance projects in the U.S. and Canada that are slated to begin construction in the first quarter and have a combined total investment value of $2.16 billion. Figures for the U.S. show 141 projects worth $2.09 billion, while Canada's numbers tally up to $152 million across 16 projects. From January to March, investments in capital projects are valued at $2.23 billion, while maintenance spending is valued at $10 million.

Other companies featured: Conagra Foods Incorporated's (NYSE:CAG), Kraft Foods, Incorporated's (NYSE:KFT)

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to foodgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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