SOURCE: Industrial Info Resources

April 09, 2007 07:05 ET

Pharma-Biotech Industry 2Q07 Forecast: Value of Project Construction Starts Increases 5% to $4.3 Billion

SUGAR LAND, TX -- (MARKET WIRE) -- April 9, 2007 -- Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas). The Pharmaceutical-Biotech Industry currently expects 135 capital and MRO (maintenance) projects carrying a total investment value (TIV) of $4.3 billion to begin construction during the second quarter of 2007. This project activity, which was drawn from a recent analysis of current reported projects contained within Industrial Info Resource's Pharmaceutical Tracker, demonstrates a slight increase of roughly $200 million in TIV, or five percent, over the second quarter in 2006.

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