SOURCE: Industrial Info Resources

April 16, 2008 05:00 ET

Pharma-Bio Industry to Begin $6.9 Billion Worth of Capital/MRO Projects in 2Q08, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 16, 2008) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- The North American Pharmaceutical & Biotech Industry is expecting 190 capital and MRO (maintenance) projects carrying a total investment value (TIV) of $6.9 billion to begin construction during the second quarter of 2008. This project activity, which was drawn from a recent analysis of current reported projects in Industrial Info's Pharmaceutical Tracker, demonstrates the potential for a huge increase of $3 billion in TIV, or 80%, over the second quarter in 2008.

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