Indiana on Course for 2006 Capital & Maintenance Spending Equal to 2005

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Researched by Industrial Info Resources (Sugar Land, Texas). While it is not known for its Food & Beverage or Industrial Manufacturing industries like sister states Illinois and Ohio, nor for being an automotive powerhouse like Michigan, Indiana is the jack-of-all-trades of the Great Lakes region. Year in and year out, Indiana chugs along generating significant capital and maintenance spending numbers, neither the highest nor the lowest in the region. While these numbers are not in line with the massive annual spending budgets of some of the other states in the region, Indiana is currently anticipating that over $2.4 billion worth of project work will commence during 2006, which is almost equal to 2005’s final total of $2.5 billion.

Click on the image at right to view the Gap Measurement Chart.

Gap measurement shows that project fallout has been traditionally high in the state. In 2005, project fallout reached 45% and 2006 is shaping up to have similar numbers. Currently, 2006 project fallout is hovering around 16%, indicating a strengthening market, but those figures will increase as the year progresses.

The big four spending industries of 2005 will once again be leading the pack in 2006. The Power industry is the overall spending winner with just over $1 billion worth of projects anticipated to begin construction this year. Power is followed by the Industrial Manufacturing industry at $610 million, the Metals & Minerals industry at $486 million and the Pharmaceuticals/Biotech industry at $139 million.

Click on the image at right to view a chart showing the breakdown of project spending by industry.

Some examples of key projects that are scheduled to begin construction this year include a proposed $200 million coal gasification 281-megawatt addition, a proposed $200 million steel minimill addition, a proposed $150 million 1080-megawatt coal station reverse osmosis addition, a proposed $150 million university phase II & III utilities plant rebuild, and a proposed $150 million grassroot fuel ethanol plant.

Without the fanfare of its larger neighbors, Indiana continues to produce significant numbers that help support the nation’s largest spending region. Content in its supporting role, Indiana is key to the continuity of the region and will continue to produce these numbers, regardless of the attention paid to the big spenders next door.

Indiana has more than 1,000 operational industrial plants. Get in contact with these plants with Industrial Info's Great Lakes Online Plant Directory. Click on the image at right to try out a free demo.

Industrial Info Resources (IIR) is a Marketing Information Service company that has been doing business for over 23 years. IIR is respected as the leader in providing comprehensive market intelligence pertaining to the industrial processing, heavy manufacturing, and energy-related industries throughout the world.