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U.S. Southwest Region Attracts $317 Billion in Industrial Development

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 408 Words
Attachment: IndusProjMay13

Click to view IndusProjMay13SUGAR LAND--May 13, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--What is the largest region for industrial project activity in the U.S.? The Southwest region leads the nation with more than 2,500 active industrial projects totaling $317 billion. Why are companies investing in the Southwest? If you ask executives at Luxemburg-based Tenaris S.A. (NYSE:TS) why they selected Texas after a worldwide site study for a new, $1.5 billion seamless steel pipe mill, they are likely to include transportation infrastructure, business security and skilled labor as leading factors, not to mention closeness of proximity to oil and gas industry end users. The U.S. shale gas boom has led to increased demand for line and drill pipe, causing a number of suppliers to increase production to meet demand.

Other companies featured: ExxonMobil (NYSE:XOM),Cheniere Energy Incorporated's (NYSE:LNG)


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