Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Air Liquide plans new Turkey industrial gas plants

12.11.2013  | 

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.

Keywords:

By ERCAN ERSOY

ISTANBUL (Bloomberg) -- 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.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


64%

36%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.