Combined U.S. & Canadian Industrial Spending Rallies
RALEIGH, NC –February 1, 2017
Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending shot up in January compared to December. Spending for the two nations totaled $128.23 billion compared to December planned investment of $57.08 billion. The research organization reported 283 planned U.S. and Canadian projects in January.
Planned U.S. project spending skyrocketed in January with $114.33 billion in planned investment compared to the December total of $42.26 billion. Canadian planned investment slipped six percent from $14.82 billion in December to $13.90 billion in January. Projects in both nations ranged in value from $500,000 to $55 billion.
Process projects led U.S. spending with $75.16 billion in planned investment, followed by manufacturing projects with $25.25 billion. Power and energy projects reported $12.13 billion in planned U.S. spending.
In Canada, power and energy projects led all markets with $9.97 billion in planned spending, while process projects accounted for $2.81 billion.
Alaska led the U.S. with $61.06 billion in planned investment, followed by Texas with $8.21 billion, and Pennsylvania with $7.77 billion.
New Brunswick was the Canadian spending leader with $3.25 billion in planned project investment for the month, followed by Ontario with $3.03 billion and Manitoba with $1.24 billion.
Pennsylvania was the U.S. project activity leader in January with 18 planned projects, followed by North Carolina with 17, and Texas with 16.
British Columbia was the Canadian project leader with 11 projects, while Ontario reported nine, and Alberta eight.
Industrial Reports researches projects in
the United States and Canada for companies
that provide services, materials and
equipment for new and expanding industrial
-Food Process Facilities
-Chemical Process Plants
-Oil & Gas Projects
-Research & Development Laboratories
-Water/Wastewater Treatment Plants
-Solid Waste Facilities
The following are selected projects
researched and reported in January:
$6 Billion Gold, Copper and Molybdenum Mine, Planning Phase
$5 Million Grain Elevator, Planning Phase
$15 Million Cold Storage & Distribution Center, Starting Planning
$96.3 Million Pharmaceutical Research Facility, Design Phase
$20 Million NGL Terminal, Planning Phase
$16 Million Water Bottling Plant, Starting Planning
$20 Million Natural Gas Gathering System & NGL Pipeline, Design Phase
$29 Million Water Treatment Plant, Design Phase
$12 Million Data Center, Planning Phase
$55 Million Methanol & Methylate Plants, Design Phase
$80 Million Steel Mill Upgrade, Design Phase
$80 Million Crude Oil Pipelines, Planning Phase
$1.6 Billion Combined-Cycle Power Plant, Planning Phase
$10 Million Electrical Substation, Design Phase