Air Liquide, a French company specializing in industrial gases, has just announced a new investment.
The investment will finance the construction of a state-of-the-art gas plant in Wuhan, central China.
Air Liquide announces €70 million investment
The company has decided to invest 70 million euros to develop itsultramodern gas plant project.
The latter will supply a major Chinese memory chip manufacturer.
Both facilities will be located in Wuhan, China.
The partnership between the two companies dates back more than 12 years.
Indeed, Air Liquide has been supplying this leading high-tech company with ultra-pure industrial gases for a decade.
The companies are continuing this relationship with a new long-term supply contract.
52,000 Nm3 of nitrogen per hour
TheEuronext Paris-listed company will be in charge of building and operating the new infrastructure.
It will also own the property.
The plant is scheduled to be operational by 2022.
Thanks to its cutting-edge technologies, Air Liquide will produce 52,000 Nm3 of nitrogen per hour in its new plant.
It will also produce other high-purity gases such as oxygen and argon.
Supporting Wuhan’s electronics sector
This contract will enable the company to support the growth of the semiconductor sector in the Wuhan basin.
In recent years, the city has developed a high-tech cluster.
This includes the NAND flash memory chip industry.
Strengthening the company’s presence in China
Air Liquide’s new plant joins 120 others already operating in the country.
The company employs nearly 5,000 people in China.
The Wuhan plant enables the company, already present on the coast, to strengthen its position in the center of the country.
François Abrial, member of the Air Liquide Group Executive Committee overseeing the Asia-Pacific zone, commented:
“Wuhan, where Air Liquide has been present since 2007, is a key electronics basin for the Group. This new production unit will strengthen Air Liquide’s position in China. And will support the growth momentum of the Group’s electronics activities in the country.”
With this new investment, the company is positioning itself as a leader in its sector.
It also strengthens its position in China and with its customer.
