Optimism continues to abound as processing professionals plan their purchasing of equipment into next year. According to a survey of several thousand past Chem Show attendees, 77 percent of those that responded said they expect their companies’ production to increase or remain at current levels through 2014. Only 10 percent predicted there would be a decrease in production.
On a similarly positive note for 2014, two-thirds (63 percent) of respondents planned to increase capital spending or keep it at similar levels to this year. Furthering this growth trend, nearly half said they have a current project or need and are looking for new suppliers with products and solutions to help them meet the demand.
These results are consistent with a recent survey of Chem Show exhibitors where more than two-thirds of the respondents (67 percent) said they anticipate industry conditions will improve in 2014.
The 2013 Chem Show, the 55th biennial edition of North America’s largest process equipment and technology event, will take place this December 10-12 at the Javits Convention Center in New York City. Thousands of chemical processing industry professionals involved in heating, cooling, filtering, mixing, blending or drying materials will attend the show to see technologies by more than 300 exhibiting companies. Visit www.chemshow.com for more information.
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