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Researched by Industrial Info Resources (Sugar Land, Texas)--While the U.S. heavy-manufacturing sector has endured many capital project delays and cancellations since COVID-19's outbreak nearly two years ago, maintenance projects are moving at a brisk pace as plant owners try to keep their existing operations efficient and productive in the face of the omicron variant and supply-chain crises. Industrial Info is tracking more than 230 maintenance-related projects in the U.S. heavy-manufacturing sector that are set to begin before the end of the first quarter, with industrial, commercial, construction and aircraft machinery and equipment accounting for the largest share of the overall spending.
Click on the image at right for a graph detailing the top 10 parent companies for maintenance-related projects in the U.S. heavy-manufacturing sector that are set to kick off from January through March, by total spending.
The Boeing Company (NYSE:BA) (Chicago, Illinois) is among those preparing for first-quarter maintenance work, as it sustains an upbeat outlook for long-term demand. The company recently said it expects demand for more than 43,500 new commercial airplanes, valued at $7.2 trillion, through 2040, which is an increase of about 500 planes over last year's forecast. Boeing noted demand has increased, particularly for dedicated freighters, driven by air cargo tied to expanding e-commerce.
Despite the spread of the COVID-19 omicron variant, a recovery in air travel is projected to drive growth across the global aerospace industry, which Boeing expects to reach $9 trillion in value over the next 10 years. Boeing is preparing to begin a full-year maintenance program at its aircraft-manufacturing plant in Everett, Washington, while Parker-Hannifin Corporation (NYSE:PH) (Cleveland, Ohio) is preparing for full-year programs at its aircraft parts plants in Devens, Massachusetts, and Avon, Ohio. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed project reports on the Washington, Massachusetts and Ohio projects.
With its subsidiaries, Parker-Hannifin accounts for more U.S. heavy-manufacturing maintenance projects this quarter than any other single company. Its other full-year maintenance programs kicking off through the end of March include a gas-turbine fuel-system manufacturing plant in Moncks Corner, South Carolina, which produces fluid power pumps, liquid-cooled enclosures and related equipment; an industrial air filters manufacturing plant in Slater, Missouri, which produces industrial fans and blowers; and an industrial fittings manufacturing plant in Lakeview, Michigan. Subscribers can read detailed reports on the South Carolina, Missouri and Michigan projects.
Manufacturers of household appliances, which were among the products most affected by recent disruptions to the global supply chain, are pushing forward with maintenance projects at their facilities. Executives at Whirlpool Corporation (NYSE:WHR) (Benton Harbor, Michigan), a mainstay in homes across the U.S., said in the company's most recent quarterly earnings-related conference call that careful cost management and increased consumer demand offset many of the supply chain problems they had anticipated earlier in the COVID-19 pandemic.
Whirlpool's activity through the end of March includes the kickoff of full-year maintenance programs at its refrigerator-manufacturing plant in Amana, Iowa, and its washing machine plant in Clyde, Ohio. Subscribers can learn more from Industrial Info's reports on the Iowa and Ohio projects.
"We have not seen any appreciable delays in maintenance activity," said David Pickering, Industrial Info's vice president of research for Industrial Manufacturing, in regards to the effects of the global supply-chain disruptions on the U.S. Industrial Manufacturing Industry. "The delays have occurred more on the capital side of things. Over the last year, total investment has been reduced across the industry, and the heavy-manufacturing sector is a prime example of this, while the number of projects has increased. This indicates owners have been focusing on smaller in-plant capital projects, as well as maintenance to keep operations running smoothly while the supply chain situation works itself out over time."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info'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. Follow IIR on: Facebook - Twitter - LinkedIn.
Click on the image at right for a graph detailing the top 10 parent companies for maintenance-related projects in the U.S. heavy-manufacturing sector that are set to kick off from January through March, by total spending.The Boeing Company (NYSE:BA) (Chicago, Illinois) is among those preparing for first-quarter maintenance work, as it sustains an upbeat outlook for long-term demand. The company recently said it expects demand for more than 43,500 new commercial airplanes, valued at $7.2 trillion, through 2040, which is an increase of about 500 planes over last year's forecast. Boeing noted demand has increased, particularly for dedicated freighters, driven by air cargo tied to expanding e-commerce.
Despite the spread of the COVID-19 omicron variant, a recovery in air travel is projected to drive growth across the global aerospace industry, which Boeing expects to reach $9 trillion in value over the next 10 years. Boeing is preparing to begin a full-year maintenance program at its aircraft-manufacturing plant in Everett, Washington, while Parker-Hannifin Corporation (NYSE:PH) (Cleveland, Ohio) is preparing for full-year programs at its aircraft parts plants in Devens, Massachusetts, and Avon, Ohio. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed project reports on the Washington, Massachusetts and Ohio projects.
With its subsidiaries, Parker-Hannifin accounts for more U.S. heavy-manufacturing maintenance projects this quarter than any other single company. Its other full-year maintenance programs kicking off through the end of March include a gas-turbine fuel-system manufacturing plant in Moncks Corner, South Carolina, which produces fluid power pumps, liquid-cooled enclosures and related equipment; an industrial air filters manufacturing plant in Slater, Missouri, which produces industrial fans and blowers; and an industrial fittings manufacturing plant in Lakeview, Michigan. Subscribers can read detailed reports on the South Carolina, Missouri and Michigan projects.
Manufacturers of household appliances, which were among the products most affected by recent disruptions to the global supply chain, are pushing forward with maintenance projects at their facilities. Executives at Whirlpool Corporation (NYSE:WHR) (Benton Harbor, Michigan), a mainstay in homes across the U.S., said in the company's most recent quarterly earnings-related conference call that careful cost management and increased consumer demand offset many of the supply chain problems they had anticipated earlier in the COVID-19 pandemic.
Whirlpool's activity through the end of March includes the kickoff of full-year maintenance programs at its refrigerator-manufacturing plant in Amana, Iowa, and its washing machine plant in Clyde, Ohio. Subscribers can learn more from Industrial Info's reports on the Iowa and Ohio projects.
"We have not seen any appreciable delays in maintenance activity," said David Pickering, Industrial Info's vice president of research for Industrial Manufacturing, in regards to the effects of the global supply-chain disruptions on the U.S. Industrial Manufacturing Industry. "The delays have occurred more on the capital side of things. Over the last year, total investment has been reduced across the industry, and the heavy-manufacturing sector is a prime example of this, while the number of projects has increased. This indicates owners have been focusing on smaller in-plant capital projects, as well as maintenance to keep operations running smoothly while the supply chain situation works itself out over time."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info'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. Follow IIR on: Facebook - Twitter - LinkedIn.
