Northeast Region Kicks Off Year With $3.2 Billion Investment for 1Q11 Project Starts, an Industrial Info News Alertadmin
Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) – The U.S. Northeast region is eagerly anticipating the launch of $3.2 billion in capital and maintenance (MRO) projects in the first quarter of 2011. A recent survey taken from Industrial Info’s PECWEB Direct shows 149 projects with a cumulative total investment value (TIV) of $3.2 billion that are planned to begin construction in the first quarter. The projects have an average TIV $21.4 million and are scattered throughout the region, which comprises Delaware, New Jersey, New York and Pennsylvania.
Pennsylvania continues its regional lead with 70 first-quarter project starts carrying a TIV of $1.7 billion. The largest of the state’s projects is U.S. Steel’s $500,000 plan to upgrade its plant in Clairton to enhance productivity and meet EPA requirements.