SOURCE: Industrial Info Resources

March 17, 2008 04:01 ET

Plant Closures in 2007 Remain Low Supporting the Positive Outlook for the Chemical Processing Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 17, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Within the 21st century, the amount of annual plant closures in the Chemical Processing Industry (CPI) has been fairly constant. Looking at the years 2000 to 2006 using Industrial Info's North American Plant Database, the number of CPI plant closures peaked in 2001 with 164 closings and hit a low with 83 in 2004. The totals steadily rose during this period until 2007 when Industrial Info tracked a mere 52 plants that had permanently closed their doors.

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