SOURCE: Industrial Info Resources

June 24, 2008 05:30 ET

Planned Spending in North America's Chemical Processing Industry for 2009 Exceeds $8 Billion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - June 24, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Chemical Processing Industry (CPI) in the United States and Canada has had its fair share of hurdles this year with record highs in crude oil. Financial market woes do not seem to be dragging down optimism for the upcoming year. Industrial Info is tracking an estimated $8.2 billion in CPI capital and maintenance projects planned to begin construction in 2009 in these two countries. This outlook is only slightly behind a similar survey conducted last year for 2008, when the total was estimated at $8.6 billion.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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