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SUGAR LAND, Texas — All signs are pointing toward a very strong round of capital spending for the North American Chemical Processing Industry (CPI) during the second quarter of 2012, according to global market intelligence firm Industrial Info Resources.
Total CPI capital project spending identified in the United States and Canada for the second quarter so far totals $2.3 billion, an impressive increase over the same quarter last year, which totaled only $1.3 billion.
This sharp increase could help the CPI maintain momentum gained over the past year that has led to consistent increases in overall spending.