Grassroot
industrial plant construction ― ranging from ground breaking to commissioning ―
in North America continues to experience explosive growth, according to
Industrial
Information Resources. The total investment value of grassroot industrial
plants currently under construction in North America in 2008 exceeds $181
billion, 71% of which are in the U.S. ($129 billion in total value) with
the remainder under construction in Canada, representing more than $51 billion
in total value.
2008 is
exceeding 2007, a banner year, which saw grassroot plant construction in the
U.S. grow from $60 billion in 2006 to $88 billion in 2007. Since 2006,
grassroot industrial plant construction activity has doubled in 2008 up to $181
billion.
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