Industrial Info Presents Market Outlook at First Annual ChemInnovations Show in Houston, Texas

---

Researched by Industrial Info Resources (Sugar Land, Texas)--The ChemInnovations Conference & Exhibition is the right event at the right time: Research conducted by IIR shows the Chemical Processing Industry experiencing strong capital and maintenance spending growth in 2010, with a continuation into 2011. The ChemInnovations event, taking place Oct. 19-21 at Reliant Park in Houston, Texas, offers industry professionals an excellent opportunity to network with colleagues and learn about emerging trends, rising demand and new regulations that will affect their business.

Industrial Info is holding complimentary 2011 Industrial Market Outlook briefings during the ChemInnovations show. These fast-paced sessions will be held in Room 611 on the second floor of the exhibit hall. IIR will cover spending trends and market developments that will drive plant-related capital and maintenance project spending for the Chemical Industry and related processing industries.

The 2011 Industrial Market Outlook briefings will be held as follows:

Tuesday, Oct. 19, and Wednesday, Oct. 20:

• 12:00 pm to 12:30 pm - Chemical Industry
• 12:45 pm to 1:15 pm - Petroleum Refining Industry
• 2:00 pm to 2:30 pm - Pharmaceutical & Biotech Industry
• 2:45 pm to 3:15 pm - Food & Beverage Industry

Industrial Info also will demonstrate how businesses can use multimedia techniques to gain market share. Attendees seeking to improve sales performance are invited to attend one of our sessions on that topic (held from 4:00 pm to 4:30 pm Oct. 19 and Oct. 20). If you'd like to learn more about using IIR's database tools to more rapidly identify potential business opportunities, knowledge-building sessions on these tools will be held Oct. 19 and Oct 20 from 4:45 to 5:15 pm.

Click Here for more information and to RSVP for this event.

Trey Hamblet, vice president of global research for Chemical Processing Industry (CPI), said: "Attitudes about the future of the Chemical Processing Industry continue to improve across most segments of the industry, as operating rates continue to inch higher and signs of improved demand look promising. Generally speaking, a good indicator of industry confidence is the level of maintenance turnaround activity taking place, and this fall, that activity is up sharply across North America. Plant owners have begun to restart idle units and increase run times on processes that have been running at reduced rates."

For the recently begun fourth quarter of 2010, Industrial Info is tracking more than140 North American maintenance and turnaround projects within CPI, with a total investment value (TIV) of more than $315 million. By contrast, during the year-earlier quarter, Industrial Info identified and reported 87 individual CPI plant or unit turnarounds with a TIV of nearly $244 million. Looking ahead to the first quarter of 2011, the increase in maintenance and turnaround activity is expected to continue.

Industrial Info is tracking more than $1 billion in North American chemical industry capital projects that are scheduled to begin construction during the fourth quarter, almost double the amount of spending during the same time last year.

Industrial Info Resources will be exhibiting at Booth 301 at the ChemInnovations show. We invite clients and colleagues to stop by our booth, talk with our industry experts and see how our database tools can build your business by identifying and confirming industrial spending opportunities.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR'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.