SOURCE: Industrial Info Resources

Industrial Info Resources

July 27, 2011 06:30 ET

Engineering and Construction Firms Continue to Enjoy Demand From Chemical Plant Owners, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 27, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- So far, the Chemical Processing Industry in the U.S. and Canada has enjoyed a healthy increase in project activity and overall spending for capital and maintenance projects this year. These increases have bolstered the use of third-party contractors as well, including engineering and construction firms, general contractors, engineers, architects, and related trades and services. At the beginning of this year, active CPI projects planned to begin construction during 2011 where a third party contractor had been selected totaled an estimated 277 capital and maintenance projects, worth nearly $3.2 billion. Now at the halfway point in the year, those numbers have increased to more than 360 projects valued at $4.5 billion.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence, specializing in the industrial process, heavy manufacturing and energy markets. IIR'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. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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