Chemical Industry Maintenance Spending Planned for Second Quarter Grows

SUGAR LAND--March 27, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Even as budgets continue to get smaller and become susceptible to a much greater level of scrutiny, maintenance budgets are something that chemical plant owners are protecting and trying to keep from major cuts. During the second quarter of 2008, Industrial Info identified 127 planned chemical plant maintenance turnarounds valued at an estimated $341 million in total investments. Looking ahead to the quickly approaching quarter, Industrial Info has identified more than 150 planned maintenance turnarounds with an estimated total investment value of more than $380 million. Companies featured: Sterling Chemicals Incorporated (OTC:SCHI), Eastman Chemical Company (NYSE:EMN)