SOURCE: Industrial Info Resources

Industrial Info Resources

February 06, 2012 06:40 ET

Forecast for Canadian Chemical Industry Tops $1 Billion in 2012, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Feb 6, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas)--Over the past several years plant owners in the Chemical Processing Industry (CPI) of Canada have struggled with demand woes and a global recession. The effect of these struggles has been obvious with the annual value of CPI construction kickoffs in Canada barely exceeding $250 million in recent years. As global demand has begun to show signs of strengthening, so has the outlook for total CPI spending in Canada this year, currently forecast to reach a potential of $1.2 billion.

Last year, Cytec Industries Incorporated (NYSE:CYT) (West Paterson, New Jersey) began evaluating the expansion of phosphine and related derivatives produced in their Niagara Falls, Ontario, plant with an estimated price tag of $125 million.

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