Kiewit Corporation (Omaha, Nebraska) is starting to see many of its highest-valued projects near their finish lines. The engineering, procurement and construction (EPC) firm is involved in nearly $64 billion in active projects globally, according to Industrial Info's project database, more than $29 billion of which are under construction. Roughly $50 billion worth of the total is attributed to U.S.-based projects, led by the Oil & Gas Production Industry.
Tennessee Valley Authority (NYSE:TVE) (TVA) (Knoxville, Tennessee) exited its fiscal year 2018 at the end of September, and by all accounts it was a successful one. The government-owned company posted net income of $1.1 billion for the year, compared with $683 million for fiscal year 2017. Industrial Info is tracking $6.7 billion in active TVA projects.
Industrial Info's 2019 Global outlook reports are out, showing global spending trends spanning 12 major industry groups. In North America, project investments reflect the impact of the regulatory changes under the Trump administration, as well as long-running market adjustments
Industrial Info's North American Industrial Project Spending Index, which measures the value of active projects in the pipeline for the year, showed a 23% drop in Chemical Processing Industry spending in October. The index for October showed $16.2 billion in spending, down from nearly $21.1 billion in October 2017. The index has shown a drop in chemical spending since June
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