Forest Products Industry Spends $1.6 Billion in U.S. Southeast, More than $1 Billion in Mid-Atlantic Region

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Researched by Industrial Info Resources (Sugar Land, Texas)--With more than $1.6 billion in project spending plans being developed, or under construction, the forest products industry in the U.S. Southeast market region is the epicenter for the industry's investments and expansions in North America. Industrial lnfo has identified more than 180 capital and major maintenance projects within the region, which consists of Georgia, Florida, Alabama, Mississippi and Tennessee. Project spending plans range from $500,000 to $150 million.

Click on the image at right to view a breakdown of forest products industry spending by state in the U.S. Southeast.

Capital expenditures combine for $1.5 billion from 144 projects, while maintenance spending totals $130 million from 36 projects.

There are close to 75 boiler projects on the board, and the cumulative value of those projects comes out to more than $500 million.

Other project plans include paper machine rebuilds, steam turbine generator additions, pulp mill upgrades, and myriad small projects geared toward equipment installations.

Omitting the $2 billion price tag tied to an unconfirmed plan to build a mill in Virginia, the Mid-Atlantic region comes in behind the Southeast at $1.03 billion. The Mid-Atlantic region includes the District of Columbia, Virginia, West Virginia, Maryland, North Carolina and South Carolina.

Industrial Info's database of active capital and maintenance expenditures in the Pulp, Paper and Wood industry worldwide has current expenditures of $62 billion and more than 1,150 active projects. The North American portion comes out to nearly 600 active projects that total more than $10 billion.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, 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.