SOURCE: Industrial Info Resources
December 06, 2010 05:10 ET
SUGAR LAND, TX--(Marketwire - December 6, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As the current calendar year quickly comes to a close, attention is rapidly turning to how the approaching year will begin. Most major segments of the Chemical Processing Industry (CPI) experienced a slight uptick in overall capital spending during the latter half of the year, setting an optimistic tone as 2011 begins. Based on project activity planned for the CPI and identified by Industrial Info as part of its North American Project Database, total spending during the first quarter is expected to reach $1.35 billion.
The Southwest market region will be home to more than half of the total spending, with an estimated $757 million. Some of the largest projects set to begin construction during this period are being planned by Shintech Louisiana LLC (Houston, Texas), Enterprise Products Pipeline LP (NYSE:EPD) (Houston), and Air Products and Chemicals Incorporated (NYSE:APD) (Allentown, Pennsylvania). Together, these three firms represent almost $400 million of the first-quarter spending, identified from just 13 individual projects.
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