Chile has witnessed fairly strong economic growth over the past decade (2006-2016), at around 3.4%. Growth has been propped-up by the country’s copper mining and processing industry. The state-owned Codelco, is the largest copper producer in the world, but has recently witnessed a mild slowdown due to oversupply. However, total copper production in Chile is still three times higher than that of the second largest producer, China.
gasworld Business Intelligence forecasts continued strong growth over the coming five-year period. Growth levels witnessed over the past are expected to continue. Average annual growth of between 3.7% p.a., and 4.7% can still be expected up to 2021, this should see the gases market reach revenues of around $340m, to $410m.
Report Data: 2017
Linde has confirmed that a consortium comprising of the Messer Group and CVC Capital Partners Fund VII have entered into an agreement to purchase the majority of Linde’s gases business in North America and certain business activities in South America.
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