Mid-Atlantic Region: 16 New Plants Scheduled to Become Operational in First Quarter of 2008

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info has identified 16 plants under construction that are expected to be completed by March 2008. This number is slightly lower than the first quarter of last year when 21 plants were expected to come online.

These plants represent almost $550 million in spending, also a drop from 2007 when investment reach almost $700 million. West Virginia has the highest total investment value (TIV) with $207 million, thanks primarily to a $180 million windfarm being built in Mount Storm. South Carolina comes in second with $192.5 million. One large project in the state is responsible for the high TIV. American Gypsum Company is putting the finishing touches on a $150 million plant in Georgetown.

Despite companies in West Virginia and South Carolina spending the most, North Carolina will create the most jobs. Of the total 1,510 jobs to be created throughout the Mid-Atlantic region, 778 are expected to be in North Carolina. This can be attributed to the fact that most of them will be in the Industrial Manufacturing sector, which tends to employ more people than other industries. The number of plants is spread rather evenly in West Virginia, South Carolina and North Carolina; each state will open five plants. Only one plant will open in Virginia, a compressor station, so job creation will not be significant. Maryland does not have any plants scheduled to open this quarter.

Industrial Info's Mid-Atlantic Online Plant Directory includes mapping features, addresses, phone and fax numbers and contact information on 3,020 plants. The regions coverage includes Maryland, North Carolina, South Carolina, Virginia, West Virginia and Washington, D.C.

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Industrial Info Resources (IIR) is the leading marketing information services company for the industrial process, heavy manufacturing and energy-related markets throughout the world. Celebrating its 25th anniversary, IIR provides accurate and timely intelligence featuring plant and project information databases, focused market databases, industry forecasting, key industry contacts, industry and territorial map products, direct marketing services and applications, and daily industry news.