SOURCE: Industrial Info Resources

Industrial Info Resources

April 09, 2010 05:00 ET

Outlook for Canadian Chemical Producers Improves in 2010, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 9, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Project spending in the Chemical Processing Industry (CPI) of Canada decreased last year to $270 million, down substantially from nearly $600 million in 2008. This decrease was no surprise, as the chemical industry struggled with a lack of demand and poor economics. The outlook for 2010 has improved, and already capital and maintenance spending forecast for this year is expected to reach or exceed $350 million. The improvement is still far short of its peak in 2008, but the increase seems consistent with recent spending trends within the CPI across North America.

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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 markets. IIR'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. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at
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