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Process Plants (Investment)

Volume 888: debated on Monday 10 March 1975

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1.

asked the Secretary of State for Industry if he will institute a programme of advance building of chemical and other process plants to even out the investment cycle.

:We fully accept the desirability of evening out the investment cycle. A company's investment strategy will be one of the questions to be discussed in the context of planning agreements. We think it would not be practicable to build advance plants in the way that we build advance factories since chemical and other process plant must be built to the user's specification.