3Q05 Maintenance Expenditures for U.S. Industrials Exceed $700 Million

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Industrialinfo.com has identified 340 maintenance projects as part of its market coverage of key manufacturing industries, including power, chemical processing, metals and minerals, pulp and paper, industrial manufacturing, food and beverage, oil and gas production, pharmaceutical and biotech, and petroleum refining, worth a combined $712 million. These projects, scheduled to commence in the third quarter of 2005, include scheduled maintenance shutdowns, outages, and turnarounds, carrying a minimum total investment value (TIV) of $1 million and go up to $20 million.

The majority of the work will take place during traditional Fourth of July holiday shutdowns. Maintenance expenditures slated to begin in July tally up to a whopping $512 million from 249 projects, while figures for August show forty projects worth a combined $61 million. In September, maintenance downtime will account for $139 million across 51 projects.

The largest scheduled maintenance project for the period, in terms of TIV, is a $20 million plant-wide turnaround at a petroleum refinery in Illinois that is scheduled to kick-off in September and last four weeks.

From an industry perspective, the Industrial Manufacturing Industry plans over $282 million in downtime activities from 123 projects, of which $114 million over 41 projects are in automotive assembly plants. The Metals and Minerals Industry follows, in both value and count, with $114 million over fifty plants.

Click on the image to view a chart showing the breakdown of maintenance expenditures for the third quarter by industry.

Geographically, the Great Lakes Market Region will be the most active in inspection, repair, and overhaul work, resulting from 96 shutdowns worth $226 million. Expenditures and project counts for the remaining market regions are as follows: Southeast--$121 million over 41 projects; Northeast--$114 million over 56 projects; Southwest--$104 million over 41 projects; Mid-Atlantic--$73 million over 45 projects; , Midwest--$60 million over 30 projects; , West Coast--$28 million over 16 projects; New England--$24 million over seven projects; and Rocky Mountain--$14 million over eight projects.

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