Air Liquide signs JV with Altos Hornos de Mexico foracquisition Air Separation Unit

Air Liquide to invest €45 million in air separation unit in North Mexico

11:13 AM, 24th September 2013
Air Liqude to acquire Air Separation Unit

PARIS, FRANCE: Air Liquide signs agreement with Altos Hornos de Mexico (AHMSA) for the acquisition of an Air Separation Unit (ASU) and a new investment of more than €45 million ($60 million) for Air Liquide’s construction and operation of another ASU, both located on AHMSA’s Monclova, Coahuila, Mexico site. With this investment Air Liquide continues its rapid growth in Northern Mexico.

The total production capacity of Air Liquide Mexico’s 4 ASUs (3 in Monclova, Coahuila and 1 in Pesqueria, Nuevo Leon, Mexico) will reach approximately 3,000 tonne of oxygen and more than 100 tonne of argon per day. This will establish Air Liquide as a major source of oxygen in the North of Mexico and the major source of argon in the country.

“We appreciate AHMSA’s confidence and trust in our ability to continue to deliver safe and reliable products to help drive growth and prosperity for industry and citizens throughout Mexico. As the Group remains focused on leading market positions in high potential markets, Mexico and the developing economies of the surrounding region are strategic growth areas for Air Liquide,” said Michael Graff, member of Executive Committee, Air Liquide.

 

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