January 31, 2008 07:01 ET

Chemical Project Cancellations in 2007 Decline for Second Consecutive Year, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 31, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Chemical Processing Industry (CPI) of the United States and Canada performed strongly last year, and a close look at the number of project cancellations or projects placed on indefinite hold declined for the second year in a row. Early last year, Industrial Info reported that CPI project cancellations during 2006 had declined by a dramatic 16% over 2005, and this year, although the number of CPI projects placed on hold or canceled remained nearly constant, the value of those projects dropped significantly.

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