Number of North American Chemical Projects Placed On Hold Continues to Grow

SUGAR LAND-- January 26, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--There are few, if any, segments of the industrial marketplace that are not feeling the effects of the economic slowdown currently facing producers around the world. The North American Chemical Processing Industry (CPI) weathered the initial phases of this economic storm during the late summer months of 2008 with relatively few casualties. As the year progressed, downstream customers began to deplete their inventories to prolong or reduce the amount of replacement feedstock they must purchase. These were some of the first signs to indicate the CPI would begin to more noticeably feel the effects of the ongoing economic crisis. Companies featured: Dow Chemical Company (NYSE:DOW), BASF Corporation (OTC:BASFY), Huntsman Corporation (NYSE:HUN)