Texas Sees Capital Spending Increase for Industrial Manufacturing Projects
SUGAR LAND--August 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--If Texas were its own country, its economy would rank as the 12th largest in the world by gross domestic product (GDP). Manufacturing is a vital component, accounting for about 15% of the state's GDP. And while Texas may best be known for its petroleum refining and chemical industries, the state is actually a major manufacturing hub, with a varied industrial base in sectors such as fabricated metal products, computers and semiconductors, and motor vehicles. As a result, and in spite of the current stressed Oil & Gas Industry, capital spending is again on the rise in the state's manufacturing industry.
Within this article: Details on industrial manufacturing projects in Texas, including those from major companies such as Facebook (NASDAQ:FB), General Motors Corporation (NYSE:GM) and Kansas City Southern Railway (NYSE:KSU).
