Manufacturing Journalist, TR Cutler, corroborated research by Industrial Reports, Inc. which shows combined U.S. and Canadian planned capital spending jumped 20 percent in May compared to April. May spending for the two nations totaled $61.78 billion compared to April’s $51.27 billion. The research organization reported 310 planned U.S. and Canadian projects in May. Planned U.S. project spending showed a small improvement in May with $40.89 billion in planned investment compared to the April total of $36.24 billion. Canadian planned investment improved to $20.06 billion in May from $15.03 billion in April. Projects in both nations ranged in value from $500,000 to $10 billion.
Process projects led U.S. spending with $19.24 billion in planned investment, followed by power and energy projects with $12.99 billion. Manufacturing projects reported $5.87 billion in planned U.S. spending. In Canada, process projects led all markets with $20.06 billion in planned spending, while power and energy projects accounted for $551 million, and manufacturing showed $132 million. Texas led the U.S. with $13.04 billion in planned investment, followed by Kentucky with $2.27 billion, and Kansas with $2 billion. Alberta was the Canadian spending leader with $14.89 billion in planned project investment for the month, followed by Québec with $3.72 billion and British Columbia with $1.28 billion.
These were some of the most significant size projects including:
- Colorado: $340 Million Frozen Food Plant, Design Phase
- Indiana: $80 Million Auto Components Plant, Starting Design
- Mississippi: $400 Million Tissue Mill Expansion, Planning Phase
- Pennsylvania: $50 Million Grocery Products Distribution Center, Planning Phase
Cutler said he anticipates this growth extensively through 2022.
About TR Cutler, Inc.
TR Cutler, Inc. was founded seventeen years ago by Thomas R. Cutler. Cutler is the President and CEO of Fort Lauderdale, Florida-based, TR Cutler, Inc., (www.trcutlerinc.com), the largest manufacturing communication firm worldwide with four dozen industry experts and thought leaders on staff. Cutler maintains extraordinary relationships with clients, journalists, editors, economists, trendsetters, and key business leaders worldwide and has become a key resource for those writing about the manufacturing sector. Cutler founded the Manufacturing Media Consortium in 1999, which now has more than 6,000 global members including journalists, editors, publishers, and economists, worldwide writing about trends, industrial data, manufacturing case studies, material handling profiles, and robotics feature articles. Cutler works with thousands of media outlets to expand the coverage and importance of the manufacturing media coverage.
Cutler has authored more than 6,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals each published in leading monthly trade magazines, B2B periodicals, blogs, and marquis publications globally. Cutler is the most published freelance industrial journalist worldwide, and more than 3500 industry leaders follow Cutler on Twitter daily at @ThomasRCutler.
Company Name: TR Cutler Inc.
Contact Person: Thomas R. Cutler
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