SOURCE: Industrial Info Resources

Industrial Info Resources

October 26, 2010 05:30 ET

CPI Project Delays Add Up to $2 Billion in Project Starts for 2011 in the U.S., an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 26, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- A significant portion of the annual spending for the Chemical Processing Industry (CPI) this year has come from projects that were delayed from a previous calendar year due to economic and related market influences. So far this year, these capital and maintenance projects account for more than $1 billion in CPI project spending in the United States, and that number is expected to more than double in 2011. Based on active projects being tracked as part of Industrial Info's North American Project Database, more than 111 individual, previously delayed projects valued at an estimated $2.1 billion are expected to begin construction during 2011 in the U.S. Regionally, the biggest concentration of these projects is the Southwest market region, representing an estimated $1.2 billion of the total. Some of the largest contributors are projects planned by Westlake Chemical Group (NYSE:WLK), Air Products and Chemicals Incorporated, (NYSE:APD), BASF SE (PINKSHEETS:BASFY) and others.

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