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
Alison Gallant
SUGAR LAND, Texas
,
December 14, 2011
(press release)
–
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.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=192728&refer=marketwire, 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.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
