Air Liquide: Acquisition in Russia: Lentechgas, leader on the North-West
industrial gas market
MOSCOW & PARIS -- November 27, 2012
Russia’s North West Region is the 2^nd largest in the country in terms of
industrial production. It is the key area for the Russian automotive, shipyard
and food industries, which are fast growing markets that require increasing
amounts of gases. This region accounts for about 10% of Russia’s total
population and therefore, the market for medical gases is also already
significant and growing.
Air Liquide (Paris:AI) has just completed the acquisition of the Lentechgas
company located in Saint Petersburg. Lentechgas is market leader in the
North-West with significant market share in bulk and packaged industrial gases
and a strong position in healthcare. Today, Lentechgas employs over
200employees and its turnover exceeded €10 million in 2011.
Air Liquide already has a cylinder activity in Saint Petersburg and this
acquisition of the regional leader will significantly expand its footprint in
this very important region.
Air Liquide will invest in a new state-of-the-art Air Separation Unit with a
production capacity of 200 tonnes per day of liquid oxygen and nitrogen.
Overall investment for this facility will amount to around €40million.
Guy Salzgeber, Vice-President, North and Central Europe, and member of the
AirLiquide Executive Committee, commented: “We are delighted to welcome these
new employees into the Group. Russia is a growing economy in the process of
modernizing its industrial production infrastructure. Air Liquide is glad to
take part in this new development. Following the acquisition of Logika in
Moscow earlier in 2012, this operation further strengthens our overall
position in Russia. It illustrates our strategy of focusing geographic
expansion on key growth regions. Developing economies are one of the growth
drivers of the Group.”
Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80countries with 46,200employees. Oxygen,
nitrogen, hydrogen and rare gases have been at the core of Air Liquide’s
activities since its creation in 1902. Using these molecules, Air Liquide
continuously reinvents its business, anticipating the needs of current and
future markets. The Group innovates to enable progress, to achieve dynamic
growth and a consistent performance.
Innovative technologies that curb polluting emissions, lower industry’s energy
use, recover and reuse natural resources or develop the energies of tomorrow,
such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home
healthcare, fighting nosocomial infections… Air Liquide combines many products
and technologies to develop valuable applications and services not only for
its customers but also for society.
A partner for the long term, Air Liquide relies on employee commitment,
customer trust and shareholder support to pursue its vision of sustainable,
competitive growth. The diversity of Air Liquide’s teams, businesses, markets
and geographic presence provides a solid and sustainable base for its
development and strengthens its ability to push back its own limits, conquer
new territories and build its future.
Air Liquide explores the best that air can offer to preserve life, staying
true to its Corporate Social Responsibility and sustainable development
approach. In 2011, the Group’s revenues amounted to €14.5 billion, of which
more than 80% were generated outside France. AirLiquide is listed on the
Paris Euronext stock exchange (compartment A) and is a member of the CAC 40
and Dow Jones Euro Stoxx 50 indexes.
Air Liquide in Russia is a leading supplier of gases for industry, health and
the environment. It also provides advanced engineering solutions.
Air Liquide was established in Russia in 1989 and was primarily concerned with
the sale of industrial gas production equipment.
In 2005, OOO Air Liquide, the Russian subsidiary for production and sale of
industrial gases was founded. Since then, the Russian industrial gases market
has been growing annually by 5% and is still in its development phase.
Today, the company operates seven industrial sites in key regions. More than
700 employees supply products and services to over 1,500 Russian and
Over the last five years, Air Liquide has already committed to investing more
than €350 million in Russia.
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