SOURCE: Industrial Info Resources

Industrial Info Resources

April 22, 2014 06:15 ET

U.S. Mid-Atlantic and Northeast Regions Plan for $50 Billion in Project Starts in Next 12 Months

SUGAR LAND, TX--(Marketwired - Apr 22, 2014) - Industrial Info Resources (Sugar Land, Texas) will be hosting its North American Market Outlook and Networking Event on May 7 at The Ritz-Carlton in Washington, D.C. Topics will include the trends and market situations driving more than $50 billion in planned project starts in the Mid-Atlantic and Northeast market regions over the 12 months from May 2014 through April 2015.

While spending is strong among most industrial sectors, the highest total investment value, as usual, comes from the Power Industry. Currently, the 10 highest-value Power projects being tracked by Industrial Info in these regions represent more than $8 billion in planned spending and are all natural gas-fired power projects -- both grassroot construction and addition and expansion projects.

The Industrial Manufacturing Industry and Oil & Gas Production Industry also show quite high planned spending over the next 12 months. Much of the Industrial Manufacturing spending comes from planned light rail projects in the Baltimore area.

Dominion Resources Incorporated's (NYSE:D) (Richmond, Virginia) Cove Point liquefied natural gas plant in Maryland is one of the highest-priced projects planned to kick off in the area in the next 12 months. This project and a planned gas-to-liquids project in West Virginia account for about $6 billion in planned Oil & Gas Production spending in the area.

Industrial Info's May 7 Market Outlook in Washington, D.C. will provide a topline spending forecast for the U.S. and Canada, with a special emphasis on the Northeast and Mid-Atlantic regions. Our industry experts will provide in-depth presentations for the following industries:

  • Power Generation
  • Oil & Gas Terminals, Transmission and Production
  • Petroleum Refining
  • Metals & Minerals
  • Chemical Processing

A networking event with cocktails and hors d'oeuvres will follow, allowing you to ask questions of our industry experts and socialize with your peers. Space is limited, so RSVP today!

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and ten international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info'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. To contact an office in your area, visit the "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau
    (713) 783-5147