Air Liquide invests EUR110 million in new production capacities in Europe
In Western Europe, the industrial gases market continues to grow, energised by the manufacture of capital and infrastructure goods, by automobiles, the food industry and the photovoltaic market. In this context of continuous growth in demand for industrial merchant gases, Air Liquide will invest EUR110 million in Germany and Portugal in two production units for liquefied air gases (liquid oxygen, liquid nitrogen, and liquid argon). By developing its production capacities in this way, Air Liquide is supporting the rise in its customers' demand and is strengthening its presence in growth areas. The production units will start up between the end of 2009 and 2010.
In Germany, Air Liquide has decided to construct the unit in the region of Ulm (southern Germany), an area of strong growth and one of its main sites for air gas liquefaction. This represents an investment of around EUR60 million.
In Portugal, Air Liquide is to increase its production capacity in order to meet growth in its markets. This investment of around EUR50 million will be made at Sines (an industrial basin located 150 km south of Lisbon) and comprises a unit that will produce liquefied air gases, as well as products in gaseous form for industries at the Sines site.
Guy Salzgeber, Vice-President European Industrial Business and member of the Group's Executive Committee, declared: "These investments in Western Europe allow us to support our customers' growing demand in these areas. These units benefit from the latest technologies in terms of the efficiency of electricity consumption and contribute to the Group's global objective in this area. They are part of the EUR10 billion investment program for the period 2007-2011 that the Group is implementing to accelerate its growth."
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