SUGAR LAND, TX–(Marketwired – Apr 26, 2016) – Researched by Industrial Info Resources (Sugar Land, Texas) — Industrial Info is tracking $3.79 billion of industrial capital and maintenance projects that are planned to kick off in the Chicagoland area from May 2016 through April 2017. Within the 14-county Chicago-Naperville-Elgin Metropolitan Statistical Area (MSA) as defined by the U.S. Office of Management and Budget (OMB), passenger and freight rail projects are helping put the Industrial Manufacturing Industry in the top position for both the value and number of projects planned to kick off during this time. In terms of combined project value, this is followed by the Chemical Processing and Food & Beverage industries.
One of the largest projects is Chicago Transit Authority’s Red Line commuter rail extension, which is planned to kick off in late 2016 or early 2017. The $240 million project will extend the train line 5.3 miles from 95th Street to 130th Street with three new intermediate stops and a new terminal planned at 130th Street. The project is expected to be completed during the first half of 2018.
Also of note within the Industrial Manufacturing Industry is Ikea North America Services LLC’s (Conshohocken, Pennsylvania) construction of a second distribution facility in Joliet, Illinois. The project has an estimated price tag of $80 million and entails the construction of a 1.4 million-square-foot building that will be completed in 2018.
Capital and maintenance projects at LyondellBasell Industries’ (NYSE:LYB) (Rotterdam, The Netherlands) ethylene plant in Morris, Illinois help put the Chemical Processing Industry in second position in terms of project value. Capital and maintenance projects planned to kick off at the plant from May to April have a combined total investment value of $219 million.
On May 11, Industrial Info will be presenting a complimentary Market Outlook & Networking Event at the Hyatt Regency McCormick Place in Chicago. The outlook will be in the form of a panel discussion among our industry experts. The moderator and panel will include eight of Industrial Info’s senior industry experts, who will bring more than 250 years of combined experience in the industrial market to the stage.
Industries covered include:
Our experts want to answer your questions and will be addressing the most frequently submitted questions on the RSVP forms to the event during the discussion.
In addition, after the discussion, cocktails and hors d’oeuvres will be available, allowing you to network with your industry peers and ask additional questions of our industry experts. Don’t miss this valuable opportunity to gain an understanding of current trends in the market as well as insight into what the future holds!
Browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info’s quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what’s happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com “Contact Us” page.