SOURCE: Industrial Info Resources

Industrial Info Resources

November 23, 2010 05:30 ET

Agricultural Chemical Producers Expect Another Year of Increased Spending in 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 23, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- For the past several years, agricultural chemical producers have enjoyed the very low price of natural gas, which is a primary feedstock or energy requirement for almost all producers in this segment of the Chemical Processing Industry (CPI). The original forecast for 2010 called for capital and maintenance project investments to reach $386 million in the United States and Canada. As we approach the end of the year, current expectations are that total spending will be much closer to $458 million for 2010, an increase of more than 16%. Attractive feedstock costs are just one part of the equation; demand for fertilizers also has remained strong, as farm plantings were up again in 2010 and export demand remained constant.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

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 or visit us online at

Follow us on: Facebook - Twitter - LinkedIn - Vimeo