Second Quarter Kicks Off with a Bang as Reported Spending in the Chemical Processing Industry Tops $3.4 Billion in April

SUGAR LAND--May 5, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Even as financial analysts and economists hint at signs of a recession, project spending in North America's Chemical Processing Industry (CPI) continues with good momentum. In April, Industrial Info identified more than $1.1 billion in new capital and maintenance projects for the CPI as part of its http://www.industrialinfo.com/prodserv/prodserv.jsp?pagerequest=dbproducts North American Project Database. In addition to these new projects released last month, nearly $1.9 billion in CPI projects previously reported by Industrial Info were verified and updated as still active in some phase of planning, engineering or construction.