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Air Liquide invests 60M euros in Turkey

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)

Tags: Air Liquide, gas production, liquid gas, Petkim, petrochemical, Turkey, Turkey gas