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Pharma-Biotech Sector Anticipates Healthy $3.6 Billion Capital/MRO Projects to Begin Construction in 1Q08, an Industrial Info News Alert

Posted on: Wednesday, 6 February 2008, 09:01 CST

Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- The Pharmaceutical & Biotech Industry is expecting 95 capital and MRO (maintenance) projects with a total investment value (TIV) of $3.6 billion to begin construction during the first quarter of 2008. This project activity, which was drawn from a recent analysis of current reported projects in Industrial Info's Pharmaceutical Tracker, demonstrates a huge increase of almost $1 billion in TIV, or 38%, over the first quarter of 2007. The average TIV of each project has dropped slightly to $38 million for 2008, down from the 2007 average of $44 million.

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Industrial Info Resources (IIR) is the leading marketing information services company for the industrial process, heavy manufacturing and energy-related markets throughout the world. Celebrating its 25th anniversary, IIR provides accurate and timely intelligence featuring plant and project information databases, focused market databases, industry forecasting, key industry contacts, industry and territorial map products, direct marketing services and applications, and daily industry news. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.

 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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