SOURCE: Industrial Info Resources

Industrial Info Resources

October 26, 2010 05:15 ET

Industrial Info Previews 2011 Industrial Market Spending in Baton Rouge Briefing on Nov. 17, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 26, 2010) - Researched by Industrial Info Resources (Sugar Land) -- Experts from the Electric Power, Oil & Gas, Chemical Processing, and Petroleum Refining industries will present their previews for 2011 North American industrial spending and job creation, with special emphasis on the Gulf Coast and its largest industries, in an executive briefing to be held on Wednesday, November 17, at the White Oak Plantation, 17660 George O'Neal Road, Baton Rouge, Louisiana. The event will begin at 4:00 p.m. and will be followed by a networking reception.

"A panel of economists recently declared that the U.S. recession ended in June 2009, but industrial spending has grown at a very modest pace so far in 2010," said Michael Bergen, senior vice president for global marketing at Industrial Info Resources (IIR). "Companies operating in the Gulf Coast have been especially slow to feel the benefits of economic growth. But we do see signs of growth emerging in 2011."

The Nov. 17 event will be hosted by IIR, a Sugar Land, Texas-based industrial market-intelligence firm specializing in the industrial process, heavy manufacturing and energy-related industries. Attendance is complimentary, but requires an RSVP. Interested executives are encouraged to register in advance by calling Industrial Info's member services department at 800-762-3361 or by clicking here. Attendance at the event is limited to 300 people.

In the five Gulf Coast states -- Texas, Louisiana, Mississippi, Alabama, and Florida -- Industrial Info is tracking more than $75 billion of projects that are scheduled to kick off in 2011, Bergen said. "Not all of these projects will kick off according to schedule, but 2011 is shaping up as a better year than 2010 or 2009," he added.

The Gulf Coast's Electric Power Industry looks to be especially vibrant in 2011: Industrial Info is tracking $37.4 billion in capital and maintenance projects scheduled to kick off next year in the five Gulf Coast states, Bergen noted. Chemical Processors in the region plan to start work on $3.9 billion of projects next year, while Gulf Coast petroleum refiners have announced plans to begin $2.5 billion of capital and maintenance projects in 2011, he added.

Oil & gas companies and petroleum refiners in the Gulf Coast region plan to start more projects in 2011 than they did in 2010, Bergen said.

"The results of the November election will have a critical impact on U.S. economic growth, government budget deficits and governmental mandates," said Bergen.

On November 2, voters will cast their ballots in 33 Senate races and all 435 House of Representatives races. Next month's election also features gubernatorial contests in 37 states, including Gulf Coast states Texas, Florida and Alabama. Texas and Alabama are said to be leaning toward electing a Republican governor, but Florida is considered a toss-up. Governors elected next month will have a large role in determining redistricting stemming from the 2010 Census, which in turn will shape the climate for the 2012 presidential election.

"Government spending, subsidies, and mandates have driven a lot of industrial project spending over the last two years," Bergen said. "When we hold our Nov. 17 Outlook briefing, we'll be able to take an initial assessment of how voters' choices are likely to impact business decisions in 2011.

"There continues to be a high level of uncertainty in industrial markets, but this event and our annual Global Industrial Outlook, provide business decision-makers with up-to-the-minute, forward-looking, market intelligence that gives them a vital edge to better plan for their future business-development efforts," Bergen said.

IIR's researcher, working on five continents, continually confirm and update project-spending data as part of the company's unique quality-assurance program, which IIR has trademarked as the Living Forward Reporting Principle™.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR'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. For more information send inquiries to businessfinanceandinvestments@industrialinfo.com or visit us online at www.industrialinfo.com.
Follow us on: Facebook - Twitter - LinkedIn - Vimeo