Air Products will build a new plant in Antofagasta, Chile,
as well as expand the capacity of its Graneros plant, south of
Santiago, the company announced on Tuesday.
The work will be completed through the company's South
American joint venture INDURA.
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, according to the company.
"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 of Latin America for Air
Antofagasta's new plant will produce oxygen, nitrogen and
argon. Its construction and the Graneros expansion will mean an investment of
more than $15 million, the company said.
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 posted annual sales in 2012 of $478
million. 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 the
business, complementing its existing interests in Latin
America, through its wholly-owned businesses in Brazil and
Argentina and its joint venture, Grupo Infra, headquartered in