North American chemical industry to see more than 220 capital, maintenance projects begin construction in Q1 2012, market analyst says; Westlake Chemical plans to start construction of new chlor-alkali unit during period
SUGAR LAND, Texas
December 14, 2011
– Researched by Industrial Info Resources (Sugar Land, Texas) -- The Chemical Processing Industry (CPI) of North America witnessed a relatively strong year in 2011, with increases in both capital and maintenance spending. The increased spending was supported by improvements in demand, attractive feedstock and energy costs, plus an overall improvement in economic conditions in North America. Feeding on the positive momentum generated within the industry in 2011, the prospects for the first quarter of 2012 are beginning with a strong start. As part of Industrial Info's North American Project Database, Industrial Info is currently tracking more than 220 individual capital and maintenance projects planned to begin construction during the first quarter of 2012, a 19% increase in project activity.
Westlake Chemical Corporation (NYSE:WLK) (Houston, Texas) plans to begin construction on a new chlor-alkali unit during the first quarter of 2012. The project has been in the planning phase for nearly five years.
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