SOURCE: Industrial Info Resources

August 01, 2008 07:15 ET

Southwest Region of the U.S. Suffers Fewer Project Cancellations Than in 2007, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 1, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The level of spending in the United States' Southwest market region is often used as a barometer for the health of industrial spending elsewhere in North America. The region consists of Texas, Arkansas, Oklahoma and Louisiana and is home to the country's most concentrated number of oil, gas, refining and chemical industries, employing more than 84,000 people. Based on capital and maintenance project spending identified in Industrial Info's North American Project Database, the region is on track to realize investments totaling an estimated $48 billion this year. This is after accounting for a nearly 24% project fallout, consisting of projects that have been canceled or indefinitely put on hold. At the same time last year, the region was experiencing a project fallout level of nearly 31%.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=136289, or browse other breaking industrial news stories at www.industrialinfo.com.

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.

Related News Articles

Canadian Chemical Industry Spending Remains Strong Despite $135 Million in Canceled Projects

Planned Chemical Plant Maintenance Turnaround Activity Stays on Course for 2008

Chemical Plant Security Still a Priority Despite Slow Progress Toward Industry Standards

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147