SOURCE: Industrial Info Resources
May 13, 2013 06:15 ET
SUGAR LAND, TX--(Marketwired - May 13, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- What is the largest region for industrial project activity in the U.S.? The Southwest region leads the nation with more than 2,500 active industrial projects totaling $317 billion. Why are companies investing in the Southwest? If you ask executives at Luxemburg-based Tenaris S.A. (NYSE:TS) why they selected Texas after a worldwide site study for a new, $1.5 billion seamless steel pipe mill, they are likely to include transportation infrastructure, business security and skilled labor as leading factors, not to mention closeness of proximity to oil and gas industry end users. The U.S. shale gas boom has led to increased demand for line and drill pipe, causing a number of suppliers to increase production to meet demand.
Other companies featured: ExxonMobil (NYSE:XOM), Chenier Energy Incorporated's (NYSE:LNG)
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=235283&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, 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 www.industrialinfo.com "Contact Us" page.
See all RSS Newsfeeds