SOURCE: Industrial Info Resources

November 01, 2007 08:01 ET

Major Unit Addition by PCS Phosphate Contributes to Significant Increase in CPI Spending Forecast for North Carolina in 2008, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 1, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- North Carolina is home to an estimated 112 operational chemical plants and an annual investment by the Chemical Processing Industry (CPI) that historically exceeds $200 million or more. The CPI didn't fare as well in 2007 with a project cancellation or fallout rate that reached nearly 50%. Based on project activity in Industrial Info's North American Project Database, just more than $95 million in CPI project activity began construction in 2007 compared with the $187 million identified for the year.

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