January U.S. & Canadian Industrial Spending Rebounds
RALEIGH, NC – February 1, 2012
Research by Industrial Reports, Inc. shows January combined planned capital spending for U.S. and Canadian industrial projects improved by 47 percent compared to December. Spending for the two nations totaled $29.38 billion compared to December planned investment of $19.98 billion. The research organization reported a combined 279 planned U.S. and Canadian projects for the month.
January planned project investment in the U.S. was $19.02 billion, which is a 1.8 percent gain from the December total of $18.69 billion. Canadian investment recovered from a dismal year-end, rebounding to $10.36 billion in planned spending from the December total of $1.29 billion. Projects in both nations ranged in value from $500,000 to $8.9 billion.
Energy projects led in the U.S. with $10.33 billion in planned investment, followed by process projects with $4.68 billion. Water and wastewater projects accounted for $1.20 billion in planned U.S. spending.
In Canada, process facilities were the market leader with $10.18 billion in planned spending for December. Energy facilities accounted for $84 million in planned investment.
Tennessee led the U.S. in planned investment with $3.49 billion in planned spending, followed by Arizona with $3.13 billion and Pennsylvania with $1.83 billion.
Alberta led Canadian provinces and territories with $8.98 billion in planned project investment for the month, followed by Québec with $697 million and Ontario with $520 million.
Ohio and Texas were the U.S. project activity leaders in January with 14 planned projects each. California, Florida and Tennessee each had 13 planned projects.
British Columbia was the Canadian leader in project activity for the month with five planned projects while Alberta and Québec each had four planned projects.
Industrial Reports researches projects in the United States and Canada for companies that provide services, materials and equipment for new and expanding industrial facilities, including:
- Manufacturing Facilities
- Process Facilities
- Chemical Process Facilities
- Food Processing Facilities
- Research & Development Laboratories
- Distribution Facilities
- Energy Facilities
- Industrial Buildings
- Industrial Equipment Installation
- Water/Wastewater Treatment Facilities
- Solid Waste Facilities
- Plant Dismantlements
The following are selected projects researched and reported in January:
Alabama:
$6.6 Million Auto Trim Plant Expansion, Planning Phase
British Columbia:
$20 Million Wastewater Treatment & Biosolids Processing Plant, Planning Phase
Colorado:
$46 Million Biomass-Fired Power Plant, Design Phase
Indiana:
$.5 Million Paperboard Packaging Expansion, Planning Phase
Maine:
$5 Million Railcar Maintenance Facility, Planning Phase
New York:
$250 Million Nanotechnology R & D Facility, Design Not Complete
Ohio:
$2 Million Paper Recycling Plant, Planning Phase
Oklahoma:
$144 Million Hydroelectric Power Plant, Planning Phase
Québec:
$530 Million Nickel Mine & Concentrator Expansion, Planning Phase
South Carolina:
$30 Million Thermoplastic Elastomer Plant, Planning Phase
Tennessee:
$16.5 Million Yeast Plant Upgrade, Starting Planning
Texas:
$88 Million Peaking Power Plant, Planning Phase
Utah:
$225 Million Crude Oil Refinery Expansion, Planning Phase
|
