News Post
Air Liquide plans new Turkey industrial gas plants
Air Liquide, which is vying for the top spot in the industrial-gas market with Linde, plans to add more plants in Turkey as it seeks to outpace the country’s expected economic growth.
The company, which sells gases such as oxygen and nitrogen to clients in food to the steel industry, may consider building another plant in Iskenderun, on the eastern Mediterranean coast of Turkey, said Jerome Christin, general manager for Turkey, in an interview in Istanbul.
Such a project would take place after a $93 million expansion at Air Liquide’s Aliaga plant, on the Aegean coast in western Turkey, is completed in 2015.
The company, operating in about 80 countries, is cutting jobs in France, Germany and Italy, and CEO Benoit Potier is poised to announce a strategy this month to deal with Europe’s economic woes, growing industrial capacity in emerging markets, cheaper United States gas, and rising demand for health-care services and electronic goods such as tablets. Turkey is budgeting for gross domestic product growth of 4 % for 2014 and 5 % for 2015 and 2016.
“Turkey is such a strategic country in the world because of its size and growth potential,” Christin said. “Therefore there is a big room for growth as the trend in Turkish industrial companies is to outsource industrial gases.”
Air Liquide aims growth at around 10 % in Turkey, he said.
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