SOURCE: Industrial Info Resources

Industrial Info Resources

October 20, 2010 05:20 ET

North American Chemical Processing Industry Project Spending Up $1 Billion in 2010, a Feature of "Navigating the Currents of Change" on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - October 20, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- North America's Chemical Processing Industry (CPI) is on track to post a very productive year, with an increase in total capital and maintenance project spending that will exceed that of 2009 by nearly $1 billion. Through the end of September, Industrial Info was tracking a total of 857 active CPI capital and maintenance projects in North America that are scheduled to start construction this year, carrying a total investment value (TIV) of about $9 billion.

Click here to listen to Trey Hamblet, the vice president of research for the Chemicals Group at Industrial Info, along with the host of "Navigating the Currents of Change" and discover what to expect in the approaching year. "At this point, we see overall spending trends in 2011 to be similar to what we saw this year," Hamblet said in this exclusive "Navigating the Currents of Change" interview. "Those companies that increased project spending in 2010 will probably be the ones to continue doing that next year," Mr. Hamblet added.

Although uncertainties remain about domestic demand for CPI products in 2011, Mr. Hamblet still predicts that North American CPI companies will increase project spending in 2011 by another $1 billion, driven by strong overseas demand growth for the industry's products.

Industrial Info is holding complimentary 2011 Industrial Market Outlook briefings during this week's ChemInnovations show, taking place Oct. 19-21 at Reliant Park in Houston, Texas. These fast-paced sessions will be held in Room 611, on the second floor of the exhibit hall. IIR will cover spending trends and market developments that will drive plant-related capital and maintenance project spending for the Chemical Industry and related processing industries.

The 2011 Industrial Market Outlook briefings will be held as follows:

Tuesday, Oct. 19, and Wednesday, Oct. 20:

  • 12:00 pm to 12:30 pm -- Chemical Industry
  • 12:45 pm to 1:15 pm -- Petroleum Refining Industry
  • 2:00 pm to 2:30 pm -- Pharmaceutical & Biotech Industry
  • 2:45 pm to 3:15 pm -- Food & Beverage Industry

Industrial Info also will demonstrate how businesses can use multimedia techniques to gain market share. Attendees seeking to improve sales performance are invited to attend one of our sessions on that topic (held from 4:00 pm to 4:30 pm Oct. 19 and Oct. 20). If you'd like to learn more about using IIR's database tools to more rapidly identify potential business opportunities, knowledge-building sessions on these tools will be held Oct. 19 and Oct 20 from 4:45 to 5:15 pm.

Click Here for more information and to RSVP for this event.

Industrial Info Resources will be exhibiting at Booth 301 at the ChemInnovations show. We invite clients and colleagues to stop by our booth, talk with our industry experts and see how our database tools can build your business by identifying and confirming industrial spending opportunities.

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 chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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