Leading Gas Supplier, Air Liquide Invests in Mexico

Air Liquide is a prominent French industrial gas supplier, providing services in the medical, electronic, and chemical worlds. Air Liquide is investing in the construction of a new Air Separation Unit (ASU) and a Steam Methane Reformer (SMR) in Pesquería, Nuevo Leon, Mexico. Air Liquide’s decision to invest in Mexico came from the encouraging geographical location the country holds, as well as their emergent economic situation. Air Liquide has plans to supply principal steel manufactures like Ternium and Tenigal with nitrogen and hydrogen provisions in both gas and liquid forms. For more Economy and Business news on Mexico go to MexicoToday.Org.

Air Liquide To Invest $100 Million USD in Mexico

From Chemical Week:

Air Liquide will invest about $100 million to build and operate an air separation unit (ASU) at Monclova, Mexico to supply industrial gases to steel maker Altos Hornos de Mexico (Monclova). The deal marks Air Liquide's entry into the Mexican market. The ASU is due to start up in the third quarter of 2012.
The ASU will be able to supply Altos Hornos with about 1,700 tons/day of oxygen. Additional oxygen, as well as argon and nitrogen, will be sold on the merchant market. "Our entry into Mexico provides a tremendous opportunity for us to establish presence in a strategic market region," says Michael Graff, president and CEO of American Air Liquide Holdings. "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.," Air Liquide says.