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Industrial Info's International Project Coverage Increases to $1 Trillion in 2007

Posted on: Monday, 11 February 2008, 09:00 CST

In an effort to continually offer the best product to our clients, Industrial Info Resources (Sugar Land, Texas) initiated a program in 2007 to increase international project coverage. The international market affects more industries on a daily basis than it ever has before in history. With a globalization economy on the horizon and fears of a worldwide recession looming, it is now more necessary to keep track of the world's industrial markets and where spending, growth and downsizing, usually represented by plant or site closures, are occurring and when.

In 2007, IIR reported 1,902 international (outside of North America) projects with total investment value exceeding $1 trillion. This represents a 280% increase in reported TIV compared with 2006 when IIR reported 1,138 projects totaling $371.9 billion. These projects are mainly in the Power, Petroleum Refining, Chemical Processing, Metals & Minerals and LNG industries, but also include the Alternative Fuels, Pharma-Biotech, and Pulp & Paper industries.

Reporting in China during 2007 increased 400% over 2006's numbers. IIR activated an initiative to increase report coverage in China as it was rising as an emerging industrialized nation. China's investment engine continues to roar, and opportunities are abundant in the once "distant" country. China has the fastest growing economy and the largest population, and these factors continue to fuel the growth of industry in the country. Economists forecast China to continue double-digit percentage growth year over year through at least 2012.

Another populous country that is also considered an emerging nation is India. With a stable political system, India is poised to become a major player in the industrial world market. Reporting in India witnessed a 48% increase in coverage during 2007 over 2006. The 221 reports in India during 2007 represent $145 billion worth of planned total investment value (TIV) across the entire country. The Power Industry represents approximately half of the investment divided among 91 planned projects. Metals & Minerals follows second with more than $30 billion to be invested in more than 70 projects, and Petroleum Refining runs a close third in regard to investment with $28 billion in 34 projects.

Reporting in Europe increased 43% in 2007 with 100 more reports written in 2007 over 2006. The Power Industry reported on the most projects and the highest TIV, but other industries such as Terminals, Pulp, Paper & Wood, Petroleum Refining, Metals & Mining and Chemical Processing added a combined $31.5 billion in TIV.

As the world's economies become more intertwined and a recession in one country can affect several, it is imperative that international companies, or corporations that want to expand internationally, understand the industrial market place and the predicted future. With IIR's International Project Database and International Niche Products, success throughout the world is possible. So sign up today and begin receiving global industrial intelligence to put you and your business ahead of the global curve.

For more information on IIR's International Project Coverage Contact Member Center at 1-800-762-3361.

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 powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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