Air Products' INDURA to Invest In New Capacity in Chile
LEHIGH VALLEY, Pa., May 28, 2013
LEHIGH VALLEY, Pa., May 28, 2013 /PRNewswire/ -- Air Products (NYSE: APD)
today announced that INDURA, its South American joint venture, will build a
new plant in Antofagasta, Chile, as well as expand the capacity of its
Graneros plant, south of Santiago.
These new investments 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.
"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," said Mike Olivares, vice president and general manager, Latin
America for Air Products.
Antofagasta's new plant will produce oxygen, nitrogen and argon. Its
construction and the Graneros expansion will mean an investment of more than
The new capacity follows the opening of a new plant in Puerto Varas, Chile, in
2012, to support local industries, including the growing aquaculture market.
Indura has annual sales of $478 million/CLP 244 billion. Its integrated gas
and retail business includes liquid bulk, small on-sites and packaged gases.
In July 2012, Air Products purchased a majority stake in Indura, complementing
its existing interests in Latin America, through its wholly-owned businesses
in Brazil and Argentina and its joint venture, Grupo Infra, headquartered in
About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases;
performance materials; equipment; and technology. For over 70 years, the
company has enabled customers to become more productive, energy efficient and
sustainable. More than 20,000 employees in over 50 countries supply innovative
solutions to the energy, environment and emerging markets. These include
semiconductor materials, refinery hydrogen, coal gasification, natural gas
liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air
Products had sales approaching $10 billion. For more information, visit
NOTE: This release may contain forward-looking statements within the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management's reasonable
expectations and assumptions as of the date of this release regarding
important risk factors. Actual performance and financial results may differ
materially from projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management, including
risk factors described in the Company's Form 10K for its fiscal year ended
September 30, 2012.
SOURCE Air Products
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