Air Liquide Announces New Investment to Reinforce Its Position in the Industrial Basin of Tianjin, China
23 September 2020 - 5:15PM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI) China will invest around 60 million euros
to build an Air Separation Unit (ASU) in the Lingang Economic
District, Tianjin Port Free Trade Zone. Air Liquide has been
supplying industrial gases to this major Chinese industrial basin
for more than 25 years, and already operates 7 production
facilities there.
With an oxygen production capacity of more than 2,000 tons per
day, this ASU will notably allow Air Liquide to support the growth
of the chemical and steel industries in the Tianjin basin, secured
by a new long term supply agreement with a major customer.
Air Liquide will build, own and operate this new ASU, which has
been designed leveraging the Group's latest state-of-the-art
technology, for a low carbon and energy efficient production of
oxygen, nitrogen and argon. This facility will also incorporate a
dedicated capacity to support small-and-medium sized customers of
liquid and packaged gases, including local hospitals requiring
high-purity medical gases. It is planned to be operational in
2022.
Air Liquide China operates seven ASUs in Tianjin, as well as a
network of multi-sourced pipelines that deliver oxygen, nitrogen
and hydrogen to adjacent customers.
François Abrial, member of the Air Liquide Group's Executive
Committee supervising Asia Pacific, said: "One of the most
important industrial cities in the country and the largest port in
Northern China, Tianjin is a key basin for Air Liquide in China.
This new investment in the 8(th) ASU built and operated by Air
Liquide in Tianjin since 1995 clearly demonstrates our commitment
to the long-term partnership we have built with our customers
there. It also shows our confidence in the sustained growth of the
Chinese industry towards cleaner, more efficient ways of
producing."
Air Liquide in China
Air Liquide in China operates nearly 100 plants and employs
close to 5,000 employees today. With a strong presence in the key
coastal industrial areas, Air Liquide is now expanding into the
center, south and west. Its main business activities include
industrial and medical gas operations, home health service,
Engineering & Construction (designing, manufacturing and
installing air separation units/hydrogen facilities), as well as
Innovation activities.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3.7 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide's scientific territory and have been at the core of the
company's activities since its creation in 1902.
Air Liquide's ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability. The
company's customer-centric transformation strategy aims at
profitable, regular and responsible growth over the long term. It
relies on operational excellence, selective investments, open
innovation and a network organization implemented by the Group
worldwide. Through the commitment and inventiveness of its people,
Air Liquide leverages energy and environment transition, changes in
healthcare and digitization, and delivers greater value to all its
stakeholders.
Air Liquide's revenue amounted to 22 billion euros in 2019 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.com
Follow us on Twitter @airliquidegroup
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CONTACT: Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
Air Liquide China Communications
honglin.zhang@airliquide.com
+86 (021) 6090 3772
angel.jin@airliquide.com
+86 (021) 6090 3653
SOURCE: Air Liquide
Copyright Business Wire 2020
(END) Dow Jones Newswires
September 23, 2020 03:00 ET (07:00 GMT)
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