Only a year after acquiring a major stake in the company last summer, Air Products has announced that its South American joint venture Indura is to build a new plant in Antofagasta, Chile.
The new plant in Antofagasta will produce oxygen, nitrogen and argon, while it was also revealed that Indura will be expanding the capacity of its Graneros plant, south of Santiago.
Both projects will mean an investment of more than $15 million.
The new developments follow the opening of a new plant in Puerto Varas, Chile, in October 2012, to support local industries, including the growing aquaculture market. They also come after Air Products announced the purchase of a 67 percent majority stake in Indura last summer, at a value of $884 million.
The new investments in Antofagasta and Graneros will meet the increasing demand for industrial gases in the northern and central regions of Chile, driven largely by the mining, metal fabrication and food industries.
Mike Olivares, vice-president and general manager, Latin America for Air Products, explained, “With this new plant in Antofagasta and expansion in Graneros, we are investing in the right places to serve the industries that continue to grow and depend on the safe and reliable supply of our products for their processes.”
Electronic Fluorocarbons (EFC), headquartered in Massachusetts, utilizes the latest technology for the purification and microanalysis of its legacy fluorinated specialty gases and rare gases for the medical and electronics semiconductor manufacturing industries.
As we head in to 2018, we look back on a very interesting changing market for krypton (Kr), xenon (Xe) and neon (Ne) in 2017. Ne supply this year continued to increase as new plants came on-stream while the demand was growing slowly after the big decline of 2016.
Linde Gases, a division of The Linde Group, has announced the launch of its worldwide safety program to improve the safe storage and transportation of acetylene cylinders by customers.
Month on month the gasworld website continues to be the primary portal for information, on a global scale, about our industry - be it through the provision of news and features, or information in the expansive company directory section. Launched in 2004, it is the only independent online news provider and information portal for the global industrial gas community and the larger end-user markets. The website also now incorporates news for gasworld US and Specialty Gas Report.
To find out more about gasworld's advertising opportunities click here.