More Than $3 Billion of Industrial Projects Planned for U.S. Northeast in First-Quarter 2012

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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Northeast market region, which consists of the states of New York, Pennsylvania, Delaware and New Jersey, has more than $3.1 billion in projects that are planned to begin in the first quarter of this year, according to Industrial Info's North American Industrial Project Database. New York, with more than $2.1 billion in planned projects, leads the region in terms of project value, followed by Pennsylvania, which has slightly more than $850 million in planned project kickoffs during the quarter. The top three industries in terms of the value planned 1Q12 project starts in the region are the Industrial Manufacturing Industry ($984 million), followed by the Power Industry ($645 million) and the Pulp & Paper Industry ($434 million).

Click on image at right for a breakdown by industry of planned 1Q12 project starts in the U.S. Northeast market region.

Unsurprisingly, the top three highest-value projects, worth a combined $1.2 billion, are all located in New York. In Niagara Falls, Norampac Incorporated (Niagara Falls), a division of Cascades Incorporated (TSX:CAS) (Kingsey Falls, Quebec), is performing a $430 million paper machine addition and mill rebuild. Some of the existing buildings on the site will be demolished to make way for a 220,000-square-foot board machine building and machinery. Minimills Technologies Incorporated (Manilus, New York) was awarded the construction contract for the project, which is expected to be completed in mid-2013.

Also in New York, General Motors Company (NYSE:GM) is retooling its Tonawanda Engine Manufacturing Plant No. 5. The $425 million is expected to be completed by the middle of this year. For additional information, see October 3, 2011, article - General Motors Invests More Than $2 Billion in the U.S., Canada.

In southwestern Pennsylvania, EverPower Wind Holdings Incorporated is beginning development of the 140-megawatt grassroot Twin Ridges Windfarm. Civil site work will continue into the spring, and turbine delivery is scheduled to occur in May and June. Renewable Energy Systems Limited (RES) (Broomfield, Colorado) is acting as EPC contractor on the project.

Information on these and other projects is available in Industrial Info's North American Industrial Project Database.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.