Mid-Atlantic Region Planned Construction Spending $4.5 Billion in Second Half of 2005

---

Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Industrialinfo.com is currently tracking 171 active capital projects in the Mid-Atlantic Region that are scheduled to begin construction between July and December of 2005. These projects have a combined total investment value (TIV) of $4.5 billion.

Click on the image at right to view a chart showing the breakdown of planned industrial project spending for the Mid-Atlantic Region during the second half of 2005 by state.

The state of West Virginia commands the top spot when comparing capital spending by state, with 28% of the total, or $1.267 billion, followed closely by North Carolina, with 27%, or $1.220 billion. However, when comparing project counts, North Carolina ranks first, with 27%, or 62 forecasted projects, followed by South Carolina with a respectable 22%, or 38 projects under consideration.

Click on the image at right to view a chart showing the breakdown of industrial projects in the Mid-Atlantic region by industry code.

The power industry takes the helm, with nearly $1.5 billion, or 33%, in future spending, with Pharmaceutical & Biotech forecasting 32%, or $1.457 billion.

The power industry will see the largest individual project. Longview Power LLC, a venture owned by Genpower (Needham, Massachusetts), is proposing to build a new 600 MW power plant, worth an estimated $940 million, in West Virginia. This project is scheduled to begin construction in November, with commercial start-up scheduled for 2009.

There are two pharmaceutical projects currently under consideration, worth approximately $450 million each. Both will occur in Maryland. MedImmune (NASDAQ:MEDI) (Gaithersburg, Maryland) is proposing to expand its Frederick, Maryland, site to produce Flumist and other respiratory vaccines. A new biotech research center proposed by East Baltimore Development Incorporated is under review for Baltimore, Maryland.

For details on the 171 active projects in the U.S. Mid-Atlantic Region, contact Industrialinfo.com's Member Center at 1-800-762-3361.

Get in touch with the plant management contacts at 3,400 plants in the Mid-Atlantic region by using Industrialinfo.com's Mid-Atlantic Online Plant Directory.

Industrial Information Resources (IIR) is a Marketing Information Service company that has been in business for over 22 years. IIR is respected as a leader in providing comprehensive market information pertaining to the industrial processing, heavy manufacturing and energy related industries throughout the world.