SOURCE: Industrial Info Resources

March 11, 2008 08:01 ET

Grassroot Plant in Texas Significantly Boosts Spending for Polymers Segment, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 11, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The polymers segment of the Chemical Processing Industry (CPI) in the United States and Canada has historically contributed $200 million or more in capital and maintenance spending to the industry annually. SNF Incorporated (Riceboro, Georgia), a subsidiary of SNF Floerger (Andrezieux, France), will likely be responsible for more than half of the total spending planned for this industry segment during 2008 with plans for a grassroot plant to be located in Texas.

Including SNF's new plant in Texas, Industrial Info is tracking $167 million in capital and maintenance project activity in this segment of the CPI planned to begin construction during 2008. Other significant investments planned for this year include plans by Dow Chemical Company (NYSE:DOW) (Midland, Michigan) and a 5 million-pound-per-year polymers expansion of a unit located in its Institute, West Virginia, plant site at the cost of nearly $25 million.

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