Air Liquide : New Acquisition and Investment in Northern Mexico
PARIS & MONTERREY, Mexico -- September 23, 2013
Air Liquide (Paris:AI) continues its rapid growth in Northern Mexico, and
today announces new agreements with Altos Hornos de Mexico (AHMSA) for the
acquisition of an Air Separation Unit (ASU) and a new investment of more than
€45 million (approximately 60 million USD) for Air Liquide’s construction and
operation of another ASU, both located on AHMSA’s Monclova, Coahuila, Mexico
AHMSA, one of Mexico’s largest steel producers, is a fully integrated steel
company whose production ranges from raw materials to finished higher value
added products. These new agreements follow Air Liquide’s recent inauguration
this spring of another ASU on the same site in Monclova, Coahuila, located
approximately 200kilometers northwest of Monterrey, Nuevo Leon, Mexico.
The total production capacity of Air Liquide Mexico’s 4 ASUs (3 in Monclova,
Coahuila and 1 in Pesqueria, Nuevo Leon, Mexico) will reach approximately
3,000 tonnes of oxygen and more than 100 tonnes of argon per day. This will
establish AirLiquide as a major source of oxygen in the North of Mexico and
the major source of argon in the country.
The three ASUs in Monclova, Coahuila will provide oxygen, nitrogen and argon
for AHMSA, while strengthening Air Liquide’s supply to other industries and
customers in the region, including metal fabrication, oil and gas, automotive,
glass, food and beverage, as well as healthcare sectors.
With these new investments, Air Liquide will have invested nearly €200million
(approximately 250 million USD) in Mexico by the end of this year, since its
entry in the country in 2011, establishing its leading market position in the
northern region, as well as its presence and market potential throughout the
other regions of the country.
Michael Graff, Senior Vice-President Americas and a member of Air Liquide’s
Executive Committee commented: “We appreciate AHMSA’s confidence and trust in
our ability to continue to deliver safe and reliable products to help drive
growth and prosperity for industry and citizens throughout Mexico. As the
Group remains focused on leading market positions in high potential markets,
Mexico and the developing economies of the surrounding region are strategic
growth areas for Air Liquide.”
Air Liquide in Mexico
In 2011, AirLiquide entered Mexico and decided to invest more than €70
million (100million USD) to build and operate a world-scale ASU in Monclova,
The Large Industries business line of AirLiquide
provides gas and energy solutions that improve process efficiency and help
achieve greater respect for the environment, mainly to the refining and
natural gas, chemicals, metals and energy markets. 2012 revenues were € 5 015
Air Liquide in the Americas
Air Liquide is present in North, Central and South America as well as in the
Caribbean, serving customers in a variety of industries from chemicals,
refining and electronics to manufacturing and healthcare.
Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80countries with close to 50,000employees.
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 for the good of society while
delivering profitable growth and 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 2012, the Group’s revenues amounted to €15.3billion of which
82% 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.
Follow us on Twitter @AirLiquideGroup
Anette Rey, + 33 (0)1 40 62 51 31
Garance Bertrand, + 33 (0)1 40 62 59 62
Virginia Jeanson, +33 (0) 1 40 62 57 37
Annie Fournier, +33 (0) 1 40 62 57 18
Air Liquide Americas Communications
Michael Rosen, + 1 713-624-8594
Air Liquide Mexico
Alejandro Morton, +52 818 851 0602
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