As growth in manufacturing is expected to continue in Singapore and buck the global trend, Air Liquide has revealed it is making further investments in the key South-East Asian market.
Manufacturing growth is expected to continue in Singapore, notably related to the petroleum, petrochemical and chemical industries.
Air Liquide has now announced further investments in this key South-East Asian market, through its wholly-owned subsidiary Singapore Oxygen Air Liquide Pte Lte (SOXAL).
SOXAL has just completed its acquisition of all the shares of Island Pipeline Gases Pte Ltd (IPG), a joint venture with Air Products Singapore. In doing so, IPG becomes a wholly-owned subsidiary of SOXAL. The move enables Soxal to accelerate plans to make additional investments of around €20m in its extensive oxygen and nitrogen pipeline networks on Singapore’s Jurong Island and in its Industrial Park.
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