SOURCE: Industrial Info Resources

Industrial Info Resources

January 12, 2011 05:20 ET

Northeast Region 2010 Industrial Investment Review: $8 Billion Launches 402 Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 12, 2011) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- It's a wrap for 2010, and the Northeast region can look back on the successful launch of almost $8 billion in capital and maintenance (MRO) projects during the year. A recent survey taken from Industrial Info's PECWEB Direct revealed that 401 projects with a cumulative total investment value (TIV) of $7.8 billion began construction in the region in 2010. The projects are scattered throughout the region, which comprises Delaware, New Jersey, New York and Pennsylvania, and have an average TIV of $20 million.

In terms of geography, Pennsylvania closed out 2010 at the top, garnering nearly 50 % of the spending in the Northeast, with $4.2 billion invested in 189 projects. The largest of the state's 2010 project starts was Talisman Energy's (NYSE:TLM) $850 million Marcellus Shale drilling program in Bradford and Tigoa counties.

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