As one of the world’s top fifteen industrial gas markets, Mexico shows attractive growth and market potential supported by robust industrial and manufacturing activity in its northern region that is expected to expand throughout its interior states.
Air Liquide Mexico, a new subsidiary of American Air Liquide Holdings, Inc., is investing more than €70 million (100 million US dollars) to construct and operate a new Air Separation Unit (ASU) for the supply of industrial gases to Altos Hornos de Mexico, S.A.B. de C.V. (AHMSA).
AHMSA, one of Mexico’s largest steel producers, is a fully integrated steel company whose production ranges from raw materials to finished higher value added products. The ASU will be located in Monclova, Coahuila, Mexico, approximately 200 kilometers northwest of Monterrey, Nuevo Leon.
This major investment represents Air Liquide’s entry into the Mexican industrial gas market.
The new ASU will have production capacity of 1,700 tons per day of oxygen, providing increased capacity for AHMSA’s current and future operations, as well as providing additional liquid oxygen, nitrogen and argon supply for the surrounding Industrial Merchant market.
Expected to be one of the fastest growing economies of the world, Mexico presents strong growth prospects for Air Liquide. The country possesses a unique profile that combines an abundant supply of natural resources and increasing demand for products and services due to its anticipated commercial growth and its proximity to the U.S.
Michael J. Graff, President and CEO, American Air Liquide Holdings, Inc. and a member of Air Liquide Executive Committee, commented: “Our entry into Mexico provides a tremendous opportunity for us to establish presence in a strategic market region. It is particularly rewarding to achieve this milestone while working with AHMSA, who has created one of the largest steel production operations of its kind. Developing economies are a growth driver for Air Liquide.”
Luis Zamudio Miechielsen, CEO of AHMSA and Subsidiaries, commented: “We are very pleased to be working with Air Liquide. This agreement celebrates a new relationship for our companies and we are glad to witness Air Liquide’s commitment and investment towards the future economic growth of Mexico and the region.”
Air Liquide in the Americas
Air Liquide is present in North, Central and South America as well as in the Caribbean, serving customers in a variety of industries from chemicals, refining and electronics to manufacturing and healthcare.
Air Liquide is the world leader in gases for industry, health and the environment, and is present in 80 countries with 43,600 employees. Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air Liquide’s activities since its creation in 1902. Using these molecules, Air Liquide continuously reinvents its business, anticipating the needs of current and future markets. The Group innovates to enable progress, to achieve dynamic growth and a consistent performance.
Innovative technologies that curb polluting emissions, lower industry’s energy use, recover and reuse natural resources or develop the energies of tomorrow, such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, homecare, fighting nosocomial infections… Air Liquide combines many products and technologies to develop valuable applications and services not only for its customers but also for society.
A partner for the long term, Air Liquide relies on employee commitment, customer trust and shareholder support to pursue its vision of sustainable, competitive growth. The diversity of Air Liquide’s teams, businesses, markets and geographic presence provides a solid and sustainable base for its development and strengthens its ability to push back its own limits, conquer new territories and build its future.
Air Liquide explores the best that air can offer to preserve life, staying true to its sustainable development approach. In 2010, the Group’s revenues amounted to €13.5 billion of which more than 80% were generated outside France. Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.
Heather L. Browne
Air Liquide USA LLC
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