Industrial Info Resources (IIR) reports that all signs are pointing toward a very strong round of capital spending for the Chemical Processing Industry (CPI) during the second quarter of 2012. Total CPI capital project spending identified in the U.S. 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.
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