SOURCE: Industrial Info Resources

Industrial Info Resources

April 18, 2012 06:30 ET

E&C Activity Increases With Spending Momentum in Chemical Processing Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 18, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Increased momentum in capital spending for the Chemical Processing Industry (CPI) can be measured by using many different factors, including the number of active or proposed projects, while also comparing these against projects that have been cancelled, delayed or put on hold. Another measure of the industry's health or momentum is the level of engineering and construction (E&C) activity that has been chosen or contracted for by CPI plant owners. The total investment value (TIV) of projects in which CPI plant owners have secured third-party E&C services for capital projects planned to begin construction during 2012 is an estimated $5.8 billion from more than 160 projects.

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