SOURCE: Industrial Info Resources

Industrial Info Resources

August 28, 2014 06:15 ET

Growth in Oil & Gas, Transportation Spurs Nearly $1 Billion in Projects for North American Foundries & Forging Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Aug 28, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The North American foundries & forging industry is benefiting from three major trends in the U.S. economic recovery: a booming U.S. automotive market, which is boosting demand for aluminum used in lightweight vehicles; stronger demand for commercial aircraft materials; and massive growth in the Oil & Gas Industry, which has upped demand for components such as gas turbines. Industrial Info is tracking 72 related projects in the U.S. and Canada with a total investment value (TIV) of $968 million.

Within this article: Details on projects, including current schedules and investment values, from companies such as Alcoa Incorporated (NYSE:AA), Weber Metals Incorporated and Ellwood Group Incorporated.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 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 www.industrialinfo.com "Contact Us" page.

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