Engineering & Construction

Heading for a Tumble Petrochemical projects in Asia and the Mideast have kept major engineering and construction (E&C) firms busy through the recession, but much of that activity is expected to come to a halt later this year or early next. That is when most of these firms will have worked off their major petchem project backlogs and the long-anticipated E&C sector downturn is expected to begin. Allen: Certain projects will proceed. E&C firms serving the chemical industry are headed for a slowdown with most firms expected to begin tightening their...

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