SOURCE: Industrial Info Resources

August 27, 2007 08:29 ET

The Continued Strength of the Chemical Processing Industry, a Special Feature of "Industry Today"

SUGAR LAND, TX--(Marketwire - August 27, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Significant investments in the traditional growth sectors of the Chemical Processing Industry (CPI) continue to look positive as the year progresses and budgeting begins for 2008. Several very large and recent acquisitions in the industry suggest that chemical plant owners continue to see growth potential in their markets even as the CPI appears to be at the very top of its cycle. Construction and planning for several major grassroot chemical plants are taking shape along the United States' Gulf Coast region adding to the industry's already positive outlook on future demand.

An early look at 2008 reveals more than $6 billion in reported projects with additional projects to be added to Industrial Info's North American Projects (http://www.industrialinfo.com/prodserv/prodserv.jsp?agerequest=dbproducts) database daily. Over 50% of the spending identified for 2008 so far comes from three segments of CPI that have historically contributed the most to the total spend in the industry. These segments are petrochemicals, specialty & inorganic chemicals, and plastics & resins.

The strength that can be seen in each of these segments plays a key role in the success of the overall industry, specifically the confidence factor for the CPI, which continues to remain above 70%. The Confidence Factor measures the number of active and completed projects against cancelled project activity over a five-year span to determine the level of confidence in future projects maturing and moving forward. Each of these subjects including an outlook on spending in Canada, maintenance spending and much more will be discussed including highlights in planned maintenance spending.

September is the month when so many industrial companies begin to final tune and polish pending capital budgets. Join Trey Hamblet, VP of Research & Chemicals Group Manager for Industrial Info, along with Crazy Al of "Industry Today" to learn about the primary trends that continue drive future spending and will play a role in budgeting plans for equipment and service providers. Click Here! (http://www.industrialinfo.com/radio/index.jsp) Monday, August 27, 2007, at 10:30 a.m. (EDT), to hear the broadcast. If you miss the show, Click Here (http://www.industrialinfo.com/radio/showlist.jsp) to hear this or any of the over 260 previous Industry Today shows covering topics important to industry spending, including trends, outlooks, and focus segments on specific industries.

Industrial Info Resources (IIR) provides marketing communication services ranging from industrial database solutions to market forecasting, custom analytics, and specialty promotions that support high-level image campaigns. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Contact Information

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