SOURCE: Industrial Info Resources

April 24, 2008 06:30 ET

U.S. Industrial Manufacturing Industry to See 27 Plant Closures in 2008, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 24, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As the U.S. economy slowly spirals into a recession, the Industrial Manufacturing Industry, the blue-collar backbone of American industry, has begun to show the effects of the economic downturn. A struggling automotive industry, a crumbling housing market, the credit crunch and steady increases in the cost of gasoline have been a recipe for disaster for the industry as a whole. Spending has remained steady, but companies are beginning to trim the fat, resulting in the closure of plants becoming more prevalent.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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