Factory Upgrades May Outpace New Factories

Everyone is waiting for the next big capex announcement. Existing factories could generate just as much business. With capacity utilization improving, many manufacturers are choosing to modernize existing plants instead of building new ones. Upgrading automation, motors, drives and process controls is faster, cheaper and improves productivity. Companies like $ABB , $SIEMENS , $CGPOWER , $HONAUT and $SCHNEIDER could quietly benefit from this modernization cycle.