Air Liquide Japan could soon be investing in added research and development (R&D) opportunities as it has completed the acquisition of a parcel of land in Japan and set it aside for “future innovation development.”

The plot is situated in the Yokosuka Research Park, Yokosuka City, Kanagawa, which currently houses around 60 businesses and academic bodies that carry out R&D and innovation-related activities in areas such as information and communication technologies.

In correlation with Air Liquide’s global strategy, the Japanese branch of the Tier One corporation is focused on actions for growth based on future innovations, whilst also capitalising on its expertise gained through its experience in Japan’s industrial gas business.

A company statement revealed that this acquired land will be used as a “base site to pursue these ambitions.”

Air Liquide Japan was established in 1907 and currently serves 15,000 customers across the North Pacific rim country, particularly in the electronics sector. The group owns a Research and Technology centre in Tsukuba near Tokyo, which was established in 1986 and was the first Air Liquide R&D centre in Asia. It also owns an Engineering centre in Kobe.

As a group, Air Liquide spent approximately €282m ($297m) on innovation expenses in 2015 and files around 300 new patents each year. Innovation expenses correspond to the Organisation for Economic Cooperation and Development (OECD) definition, namely in R&D, market launches and marketing expenses for new offers and products.