Gulf Coast Metals & Minerals Industry Looks at $13.5 Billion in Active Projects

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Despite having one of the lowest project counts in the U.S. Gulf Coast region, the Metals & Minerals Industry is the fifth-largest of the 12 vertical industrial markets that Industrial Info tracks, based on total investment value (TIV) of active projects, amounting to $13.5 billion. The U.S. Gulf Coast region includes five states: Alabama, Florida, Louisiana, Mississippi and Texas.

Click on the image at right for a graph detailing active Metals & Mineral projects in the Gulf Coast region.

Industrial projects in the Gulf Coast region are dominated by energy-related industries. The top four in the region are Oil & Gas Production, with $259 billion; Chemical Processing, with $105 billion; Power Generation, with $91 billion; and Industrial Manufacturing, with $30 billion.

In Metals & Minerals, Texas leads the five-state region with 63 projects totaling $5.7 billion. Projects in Texas range from large steel industry-related projects, like the Voestalpine project, to smaller quarry construction.

Voestalpine AG (Linz, Austria) is building a $750 million plant in Corpus Christi, Texas, to produce hot briquetted iron. It will be one of the only merchant facilities of its kind in North America and aims to tap both international and domestic markets.

The Voestalpine project is one of a few large grassroot projects under construction in the U.S. In today's low commodity price atmosphere, Metals & Minerals companies are pushing out large expenditures for grassroot construction, and instead focusing on brownfield and smaller in-plant capacity projects.

Following the trend of more brownfield construction, the Lebus Manufacturing Company (Longview, Texas) is renovating a former manufacturing plant operated by Dana Corporation (NYSE:DAN) (Maumee, Ohio) in Longview, Texas, in order to relocate existing nearby forging operations. The $45 million project should be complete by the second half of 2016.

Industrial Info will be discussing industrial project spending trends for the Gulf Coast region at the upcoming Market Outlook & Networking Event in Baton Rouge on November 5. Come join us!

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five 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.