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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=136993, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) provides marketing communication services ranging from industrial database solutions to market forecasting, custom analytics, and specialty promotions that support high-level image campaigns. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

New Industrial Plant Start-Ups Expected to Peak During the Last Half of the Year in the Southwest Market Region

U.S. Industrial Manufacturing Industry Completes $7 Billion in Construction Activity in 2Q08

Energy and Metals Sectors Outpace Decliners to Keep North American Industrial Project Spending at 18% Growth in 2008

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147