In 2016, the Middle East industrial gases business generated revenues of $2.3bn, up from $875m in 2006, indicating an impressive average annual growth rate of just under 10%, in-keeping with the region’s wide reputation as one of the key emerging markets for the industry.
The Tyczka Group has repurchased a 43% stake in Tyczka Air Austria GmbH, which had previously been held by the Kuwaiti Gulf Cryo. This will make the Tyczka Group the sole shareholder of the company.
Where’s hot and getting hotter in the year ahead? As 2017 draws to a close, gas world looks ahead at what projects, plants and developments we can expect to see in the industrial gas business in 2018. Here we focus on projects in the Middle East and Africa region.
The Linde Group and Turkish steel producer OYAK Mining Metallurgy Group have successfully completed a joint venture (JV) and completed in the construction of an air separation unit (ASU) in Turkey.
Air Products has hired Naji Skaf as its new Vice-President and Managing Director of its Industrial Gases business in the Middle East, Egypt and Turkey.