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Confidence in North American Chemical Industry Drives Increased Spending Forecast for Third-Quarter 2011


Industry Segment: Chemical Processing | Word Count: 480 Words

SUGAR LAND--July 15, 2011--Researched by Industrial Info Resources (Sugar Land, Texas)--As the strength of the Chemical Processing Industry (CPI) across North America continues to gain momentum, the industry's confidence factor is increasing with it, estimated at 57% at the close of 2010, up from a low of 30% in 2009. The factor measures the number of active and completed projects against canceled project activity to determine the level of confidence in the ability of future projects to mature and move forward.

The most significant capital projects planned in the quarter include plans by E.I. du Pont De Nemours & Company (NYSE:DD) (DuPont) (Wilmington, Delaware) and PCS Nitrogen Incorporated (Northbrook, Illinois). DuPont plans to begin construction this month for a major expansion of its titanium dioxide plant in Altamira, Mexico. Other companies featured: LyondellBasell Industries (NYSE:LYB), ExxonMobil Chemical Company (NYSE:XOM), Jacobs Engineering Group Incorporated (NYSE:JEC)

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