SUGAR LAND--February 5, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Chemical plant owners of North America are preparing for the effects the economic slowdown to last most, if not all, of this year. The Chemical Processing Industry (CPI) began to feel the constraints and effects of the economic crisis later than most industries, largely because of the industry substantial access to global markets. Reinforcing this is the number of very large projects scheduled to be complete during the first quarter of 2009. There are currently more than 100 capital and maintenance projects planned to be complete during the first three months of this year with a combined estimated value of $1.8 billion.
Companies featured: Formosa Plastics Corporation (TPE:1301), Huntsman Corporation (NYSE: HUN), BASF Corporation (OTC:BASFY), Praxair Incorporated (NYSE:PX), Air Liquide (OTC:AIQUY)
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