Researched by Industrial Info Resources (Sugar Land, Texas) -- The perceived bleak status of the economy doesn't possess many bright spots. Many economists agree that a robust housing market usually leads the charge for a healthy economy. However, the manufacturing sector, specifically the biomanufacturing segment, seems to be defying tradition and leading the way to a better economic outlook.
Add to Digg Bookmark with del.icio.us Add to NewsvineConstruction of new biomanufacturing facilities and the expansion of existing plants are also within the budgets of biopharmaceutical producers. Baxter Incorporated (NYSE:BAX) (Deerfield, Illinois) is spending approximately $50 million to add approximately 60,000 square feet of production space to its site in Thousand Oaks, California.For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=185695&refer=marketwire , or browse other breaking industrial news stories at www.industrialinfo.com .Follow us on: Facebook - Twitter - LinkedInNew technologies budgets for biomanufacturing are up approximately 6% from 2010. This bodes well for manufacturers of bioreactors, cleanrooms, manufacturing execution systems, centrifuges and other specialty process equipment manufacturers.Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com .
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