SOURCE: Industrial Info Resources

November 15, 2007 09:25 ET

North American Chemical Project Cancellations in 2007 Expected to Continue Decline Over Past Years, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 15, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Each year, the statistics are formulated and greatly scrutinized to evaluate the level of project cancellations and delays in each of the industry verticals tracked by Industrial Info Resources as part of its North American Project Database. As the end of the calendar year approaches, this provides a nearly complete picture of the current year's performance and a chance to compare canceled projects or those placed on indefinite hold year over year. An early look at the Chemical Processing Industry's (CPI) project activity in 2007 shows the potential for North American project cancellations or major delays to decline this year by an estimated 20% to only 108 projects.

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