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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \ExMerge - Thomas, Paul D.\Deleted Items X-Origin: THOMAS-P X-FileName: paul d thomas 6-26-02.PST Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW2011 JAN 08,2002 2:06 PACIFIC 05:06 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Industrial Manufacturing Outlook To Remain Steady In 2002, In An Advisory By Industrialinfo.com Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 8, 2002--An advisory from Industrialinfo.com (Industrial Information Resources Incorporated; Houston, Texas). According to the latest release of the 2002 Industrial Outlook (http://www.industrialinfo.com/indoutlook.htm) published by Industrial Information Resources, portions of the industrial manufacturing sector will remain depressed for the upcoming year. Capital spending remained moderately low in 2001 for the automotive, printing, publishing, and plastics and rubber products molding industries. Other industries, such as semiconductor manufacturing and textiles and apparel, experienced depressed market growth with very minimal capital investment taking place. The automotive sector has been one of the strongest capital spending sectors over the last several years. America's "Big Three" producers have spent billions of dollars retooling plants to increase production of popular sport utility vehicles (SUVs), keeping up with demand and staying competitive with foreign automakers. One of the major trends affecting capital spending in the automotive industry is the continuing effort by foreign automakers to transplant production operations to the U.S. Billions of dollars have been spent by foreign owned automakers to construct new plants and build or expand tier supplier parts manufacturing plants. Even with the slowdown in the economy, this trend will continue in 2002. Bring up the words "technology" or "high tech" and the general public frowns over the losses that have been posted by this sector. Semiconductor manufacturing has not been excluded from these losses. Over the past several years, this sector had been a large contributor of capital spending for the industrial manufacturing markets. In 2000, Intel spent over $6 billion building or expanding wafer fabrication plants. However, as the market turns down, capital budgets are cut to make up for the losses being posted by most firms. The worst hit semiconductor producers are those who manufacture memory devices. Currently prices are at rock-bottom lows. In 2001, we saw plants lay-off employees, scale back production, or even close or sell off manufacturing assets. For 2002, IIR forecasts capital and maintenance spending for the industrial manufacturing sector to increase slightly from 2001. Coverage of this industry includes over 30 different sectors, including: automotive, heavy machinery, electronics, semiconductors, textiles & apparel, printing and publishing, durable and non durable product manufacturing. IIR's recently released 2002 Industrial Outlook, available on CD-ROM, outlines in detail issues and trends, including capital and maintenance spending, for the Industrial Manufacturing Industry and other industrial market segments. For more information on the 2002 Industrial Outlook, trends and upcoming construction activities in the industrial manufacturing industry as well as other industrial sectors, send inquiries to industrialmanufacturinggroup@industrialinfo.com or visit us at www.industrialinfo.com or www.iirenergy.com. --30--LS/na* CONTACT: Industrial Information Resources Inc., Houston Michael Bergen, 713/783-5147 KEYWORD: TEXAS INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS ENERGY MANUFACTURING SOURCE: Industrial Information Resources Inc. For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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