The commercial industrial gases business in New Zealand achieved estimated revenues of approximately $165m in 2016. This is up from $115m in 2006, indicating an average annual growth rate of 3.6%.
The commercial industrial gases market in the Philippines estimated to have generated revenues of $300 million in 2016. This is up from $110 million in 2006, indicating an impressive average annual growth rate of 11% for the decade.
The Taiwanese commercial gases market generated estimated revues of $1.17bn in 2016. This is up from $680m in 2006, indicating and average annual growth rate of 5.6% over the past decade.
Just over a year since we were taken aback by the coming together of Pentair and Union Engineering in the global carbon dioxide (CO2) business, and we are again reflecting on another significant acquisition in this business.
First there were the ’dreamers’, the conceptualisers. Then there were the innovators, the technologists, and gradually came the required compliance to match. Now we have the big heavyweights really weighing in too…
For the second time in less than 12 months, we are potentially staring at the prospect of another global helium shortage.