SOURCE: Industrial Info Resources

Industrial Info Resources

October 23, 2012 06:15 ET

Energy Industries Drive Project Activity in U.S., Strongly in Rocky Mountain Region, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Oct 23, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Industrial Info is forecasting a 3.88% increase in North American industrial spending near year to $373.4 billion, Michael Bergen, Industrial Info's executive vice president, told about 150 attendees at the 2013 North American Industrial Outlook briefing held last Thursday in Denver, Colorado. Energy industries are the big reason why U.S. industrial project activity is expected to grow, he said. "Those industries will account for an estimated 57% of U.S. industrial spending in 2012," he predicted. In the Rocky Mountain region, Bergen said Industrial Info is tracking 436 major projects across all industries that are scheduled to kick off in 2013, with a total investment value of $49.2 billion.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

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