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 countrys 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 Liquides
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 Europes 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
Air Liquide aims growth at around 10 % in Turkey, he