SOURCE: Industrial Info Resources

Industrial Info Resources

September 26, 2011 06:15 ET

Shift to Smaller Projects Gains Traction in U.S. Industrial Manufacturing Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Sep 26, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Coming out of the recession, companies have continued strategies of limited growth. Rather than constructing new plants, companies are increasing production efficiency at existing plants. While total expenditures within the industry in the U.S. are expected to be higher by the end of 2011, the makeup of the projects that are occurring has changed. In past years, major projects worth tens of millions or even hundreds of millions of dollars were more prevalent throughout the country. This year, the number of small projects and large projects are relatively even. Of the Industrial Manufacturing capital projects that Industrial Info Resources is tracking in the U.S. this year, 53% are expected to be of the smaller variety, worth a total of $5 million or less.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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