Texas Chemical Industry Looks for Much Better Prospects in 2010, an Industrial Info News Alert
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SUGAR LAND, TX -- (MARKET WIRE) -- 10/27/09 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- After a predictably dismal year in 2009 for the Chemical Processing Industry (CPI) in Texas, a stronger outlook for 2010 appears to be in the making. Texas CPI plant owners saw more than $900 million in projects placed on indefinite hold or canceled entirely this year. As 2010 approaches, CPI project activity currently reported in Texas shows an increase in overall capital and maintenance spending by an estimated 36%, with the total investment value totaling more than $1.5 billion.
Other companies featured: Huntsman Corporation (NYSE: HUN)
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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.
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