SOURCE: Industrial Info Resources

Industrial Info Resources

April 05, 2012 06:30 ET

Ohio Benefits From Auto and Energy Activity in the Form of Increased Capex at Industrial Plants, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 5, 2012) - Researched by Industrial Info Research (Sugar Land, Texas) -- U.S. auto sales are up again this year, including a 13% increase in March 2012 over last year. Detroit automotive manufacturers have recovered and are investing in new facilities. Chrysler LLC (Auburn Hills, Michigan), for example, is spending $500 million to expand the North Liberty Assembly Plant in Toledo, Ohio. This has buoyed demand for steel. Capital spending is strong at U.S. steel mills even though capacity utilization is not stellar. In addition, oil and gas development, especially to support development of the Marcellus and Utica Shale formations in Pennsylvania, is driving supporting projects. Ohio's proximity to the action has led to a number of industrial projects being located in the state.

Companies featured: Enterprise Products Partners LP (NYSE:EPD)

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