SOURCE: Industrial Info Resources

August 14, 2008 05:00 ET

U.S. Industrial Manufacturing Industry Begins Construction of $2.5 Billion of Projects in July, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 14, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In the month of July, $2.5 billion worth of projects began construction in the Industrial Manufacturing Industry, keeping in line with spending during July of last year, when things looked much better overall within the industry's various sectors. While the cost cutting measures of the Detroit Three have focused mostly on reducing employee overhead, the companies have also been keeping plants shut down longer during their traditional summer maintenance periods and have curtailed capital spending across the board. Even foreign automakers have felt the crunch in the U.S. with both Toyota Motor Corporation (NYSE:TM) (Torrance, California) and KIA Motors America Incorporated (Irvine, California) stretching out construction schedules on their grassroot production facilities in Mississippi and Georgia respectively.

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