SOURCE: Industrial Info Resources

Industrial Info Resources

August 26, 2011 06:40 ET

Biomanufacturing Defies Economic Downturn by Increasing Budgets, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 26, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The perceived bleak status of the economy doesn't possess many bright spots. Many economists agree that a robust housing market usually leads the charge for a healthy economy. However, the manufacturing sector, specifically the biomanufacturing segment, seems to be defying tradition and leading the way to a better economic outlook.

New technologies budgets for biomanufacturing are up approximately 6% from 2010. This bodes well for manufacturers of bioreactors, cleanrooms, manufacturing execution systems, centrifuges and other specialty process equipment manufacturers.

Construction of new biomanufacturing facilities and the expansion of existing plants are also within the budgets of biopharmaceutical producers. Baxter Incorporated (NYSE:BAX) (Deerfield, Illinois) is spending approximately $50 million to add approximately 60,000 square feet of production space to its site in Thousand Oaks, California.

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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 pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.

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