SOURCE: Industrial Info Resources

Industrial Info Resources

May 17, 2011 06:30 ET

U.S. Grassroot Construction Starts to Reach $40 Billion in Third Quarter, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 17, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- During the recession, grassroot project activity in the United States slowed, as the weak economy and a focus on cost reductions dissuaded most companies from these types of investments. However, now that the economy is in full-blown recovery mode, investment in grassroot projects has increased once again. As overall spending improves, grassroot project activity continues to improve with it. Looking ahead at proposed grassroot project activity in the third quarter of this year, Industrial Info Resources is tracking close to 280 grassroot projects worth an estimated $40.1 billion that are scheduled to begin construction during the quarter in the U.S.

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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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