SOURCE: Industrial Info Resources

Industrial Info Resources

April 21, 2015 06:00 ET

Greater Chicago Plans for More Than $2.8 Billion in Projects in Next 12 Months, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Apr 21, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Industrial Info is tracking more than $2.8 billion of industrial capital and maintenance projects that are set to kick off in the Chicagoland area from April 2015 through March 2016. Within the 14-county Chicago-Naperville-Elgin Metropolitan Statistical Area (MSA), as defined by the U.S. Office of Management and Budget (OMB), passenger and freight rail projects are helping put the Industrial Manufacturing Industry, with 60 planned project starts valued at $957 million, into the top position for the both the number and value of projects. In terms of combined project value, this is followed by the Pharmaceutical-Biotech and Power industries.

Among the major rail projects tentatively planned to kick off within the next 12 months is Chicago Transit Authority's Red Line Extension project, a 5.3-mile extension that will include four new stations. The project has an estimated total investment value (TIV) of $240 million.

The Power Industry has more than $460 million in projects that are planned to kick off over the next year, including fuel conversion of coal-fired units and power transmission projects.

While the big-ticket capital projects often get the most coverage, Industrial Info is also tracking maintenance projects valued at about $175 million that are set to begin in the area within the next year.

On May 6, Industrial Info will be presenting a complimentary Market Outlook & Networking Event at the Trump International Hotel and Tower in Chicago. The outlook will be in the form of a panel discussion among our industry experts. The moderator and panel will include eight of Industrial Info's senior industry experts, who will bring more than 250 years of combined experience in the industrial market to the stage. Industries covered include:

In addition, after the discussion, cocktails and hors d'oeuvres will be available, allowing you to network with your industry peers and ask additional questions of our industry leaders. Don't miss this valuable opportunity to gain an understanding of current trends in the market, as well as insight into what the future holds!

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and ten international offices, 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.

Contact Information

  • Contact:
    Eric Funderburk
    (713) 783-5147