Air Liquide invest $ 35 million in new air gases plant in Chile

Air Liquide to invest $ 35 million in new air gases plant in Chile

12:11 PM, 18th June 2011
Air Liquide to invest $ 35 million in new air gases plant in Chile
Michael J Graff, Member, Executive Committee, Air Liquide.

The Chilean economy is one of the most dynamic in Latin America. The country has enjoyed steady growth over the last 10 years and hence the company has planned the investment. Air Liquide’s new air gases plant represents an investment of approximately € 25 million ($ 35 million), with a production capacity of nearly 150 ton per day of liquid oxygen, nitrogen and argon. 

PARIS, FRANCE: Air Liquide will invest in a new air gases plant in the Santiago region, close to Chile’s main markets. This plant, representing an investment of approximately € 25 million ($ 35 million), will have a production capacity of nearly 150 ton per day of liquid oxygen, nitrogen and argon and allow Air Liquide to meet the growing needs for liquid and cylinder gases of the industrial merchant and Healthcare markets in the Central and Southern regions of Chile.

The new unit will be commissioned in mid-2013. This plant will significantly enhance Air Liquide’s supply chain in the region and will offer customers greater flexibility, cost competiveness and reliability.

As per the World Economic Forum report, Chile is the 30th most competitive country in the world and a key country in Latin America. Its political stability, natural resources and skilled workforce have attracted foreign investors. The market growth is driven by investment in the mining industry, an export-driven food industry and increasing requirements for environment protection.

“We are pleased to announce this investment in the Santiago region, representing Air Liquide‘s confidence in the Chilean economy. This will help us in our ability to meet the growing and sophisticated needs of customers and patients in the region. Also developing economies are a growth driver for Air Liquide,” said Michael J Graff, Member, Executive Committee, Air Liquide.

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