SOURCE: Industrial Info Resources

October 29, 2007 09:59 ET

North American Pharma-Biotech Industry Expects 4Q07 Start of $3.8 Billion Capital/MRO Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 29, 2007) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- At the risk of understatement, it has been another tough year for the Pharma-Biotech Industry. But amid reports of layoffs and major reorganization programs, there is some positively sweet news in regard to capital investment as the fourth quarter gets underway. While maintenance (MRO) activity is more common than capital project starts during the end of the year, the industry is expecting 118 projects to begin within the last three months of 2007.

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