Air Liquide invests 60M euros in Turkey
60 million euros investment in gases production; New production unit will be commissioned in 2013
September 28, 2011 11:24 by Reuters
Industrial gases specialist Air Liquide on Tuesday said it is bolstering its business in Turkey with a 60 million euros ($81.8 million) investment in gases production.
Air Liquide will acquire three so-called air gas production units in Aliaga from petrochemical group Petkim and will also invest in a new production unit, due to be commissioned in the second half of 2013.
In addition to supplying Petkim with oxygen, nitrogen and compressed air as part of a long-term contract, Air Liquide plans to produce liquid gases for other industries operating in the region. ($1 = 0.733 Euros) (Reporting By Elena Berton; Editing by Hans-Juergen Peters)
More on GCC
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
