Growth in Oil & Gas, Transportation Spurs Nearly $1 Billion in Projects for North American Foundries & Forging Industry

SUGAR LAND--August 28, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--The North American foundries & forging industry is benefiting from three major trends in the U.S. economic recovery: a booming U.S. automotive market, which is boosting demand for aluminum used in lightweight vehicles; stronger demand for commercial aircraft materials; and massive growth in the Oil & Gas Industry, which has upped demand for components such as gas turbines. Industrial Info is tracking 72 related projects in the U.S. and Canada with a total investment value (TIV) of $968 million.

Within this article: Details on projects, including current schedules and investment values, from companies such as Alcoa Incorporated (NYSE:AA), Weber Metals Incorporated and Ellwood Group Incorporated.