Terminal and Power Plant Owners are Forecast to be Top Spenders in Louisiana During the First Quarter of 2004

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). When comparing industrial projects scheduled to kick-off during the first quarter of 2004 in Louisiana, two industries, power and terminal storage, quickly become the obvious leaders for capital spending. These two industries represent a combined estimated Total Investment Value (TIV) of $1.3 billion in planned projects scheduled to begin construction in the first quarter. This accounts for 56.5% of the $2.3 billion (78 total projects) in industrial capital spending planned for the state during the quarter. The power industry represents 14 projects totaling over $600 million. Terminal storage, which includes bulk liquid storage terminals, such as refined products, crude oil, and chemicals leads spending with only eight projects representing a TIV of $745 million.

The performance forecast for the first quarter of 2004 is very similar to what was forecast for the first quarter of 2003, when Industrialinfo.com identified 88 projects with an estimated TIV of roughly the same value, $2.3 billion. The significant difference in comparing the two quarters was the ranking by Industry where in the first quarter of 2003 the Chemical Processing Industry (CPI) lead with 33 projects and a TIV of over $800 million. The CPI has moved to number three in the list of top spenders for the first quarter of 2004, with 27 projects and a TIV of only $500 million.

Click the image to the right for a comparison of 2002 vs. 2003 first quarter spending by industry.

Louisiana is strategically located along the United States Gulf Coast adding to its attraction for marine terminal projects. Louisiana is the second largest industrial Gulf Coast state with an estimated 817 manufacturing plants and complexes employing over 127,000 people.

Industrialinfo.com provides online access to over 4,200 industrial plants that make up the Southwest market region as well as thousands of other plants in regions across the United States via a tool called the Online Plant Directory. Every month Industrialinfo.com dynamically provides critical updates for these plants including management contact changes, employee counts, ownership changes and the addition of new plants that have recently started up. To learn how your company can benefit from this tool Click here for a free demo!