SOURCE: Industrial Info Resources

Industrial Info Resources

March 09, 2010 05:10 ET

North American Capital and Maintenance Spending to Be Discussed at Mile High Industrial Conference, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 9, 2010) -  Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- North American industrial spending is showing the early signs of a recovery, but it's still too early to declare the recession over, according to Michael Bergen, Industrial Info's senior vice president for marketing and forecast products.

Capital and maintenance spending by North American industrial firms is projected to increase to $305 billion, a 3.32% increase from 2009, according to Industrial Info's "Twenty-Ten Industrial Market Outlook." Bergen will discuss Industrial Info's project spending projections in talks to be delivered at the 2nd Annual Mile High Industrial and Automation Conference, to be held March 30-31 at the Colorado Convention Center, located at 700 14th Street, Denver, Colorado. Bergen will speak at 10:00 am and 2:00 pm on Tuesday, March 30, and again at 10:00 am on Wednesday, March 31.

A complimentary registration to Industrial Info's "Twenty-Ten Industrial Market Outlook" briefing can be completed by clicking here.

More information about the Mile High Industrial and Automation Conference, and a complimentary registration to the event, can be obtained at the conference website. Please note that registration to the Mile High event is required in order to register for the Industrial Info "Twenty-Ten Industrial Market Outlook."

The Mile High event will feature exhibits and conference talks of particular interest to automation and industrial companies in the oil refining, electric power generation, renewable energy, upstream/midstream/downstream oil & gas, metals & minerals, and transport businesses in Colorado and the surrounding Rocky Mountains area.

In his talk, Bergen will note encouraging economic news that may signal the end of the long and deep recession that has gripped the U.S. In the fourth quarter of 2009, gross domestic product (GDP) grew at a 5.7% annualized rate. Unemployment held steady at 9.7% in February.

Bergen will discuss which industries are expected to lead the way in project spending opportunities in 2010. He also will explore current and future spending trends, including drivers and constraints that are influencing capital and maintenance expenditures at industrial plants.

"There continues to be a high level of uncertainty in industrial markets, but our research identifies an increase in industrial spending for 2010 as companies cautiously rebuild inventories and reinvest in processes. This will eventually lead to the creation of jobs, which would bolster consumer confidence," Bergen said.

Industrial Info also will be exhibiting at Booth 20 at the Mile High show.

"Our newly released 2010 Global Industrial Outlook is compiled by industry experts who constantly survey more than 50,000 industrial plants to uncover and report on major capital and maintenance expenditures," Bergen said. "This intelligence, including over 10,000 future projects, provides the content used to forecast future spending opportunities within 12 industrial market segments around the world."

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy-related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147