SOURCE: Industrial Info Resources

November 19, 2007 06:17 ET

Chemical Processing Industry of Alabama Maintains Growth; Forecast Shows Another Year of Big Spending in 2008, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 19, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Alabama is home to only 97 operational chemical plants, although capital and maintenance spending in the Chemical Processing Industry (CPI) over the past couple of years has consistently met or exceeded $300 million annually in total spending. For 2007, capital and maintenance reported for Alabama's CPI is expected to reach or exceed $344 million. This equals an average project total investment value (TIV) of $15 million per project, considerably more then the national CPI average project TIV of $9.5 million expected in 2007.

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