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French Air Liquide to double its annual sales revenue

June 03/2011

(ICIS) -- French industrial gases firm Air Liquide expects to double its annual sales revenue from Singapore to USD 813m by 2015, with three new facilities built at Jurong Island, a company executive said on Friday. The company's Singapore Oxygen Air Liquide (SOXAL) unit inaugurated its Jurong Island infrastructure expansion on Friday. Jean Marc de Royere, chairman and CEO of Air Liquide Asia Pacific and senior vice president of the Air Liquide group, said at the inauguration that the company expects to invest more in Singapore. He also told ICIS that he expects China to overtake Japan as a major revenue contributor to the company in three years' time.


Japan is the companys biggest contributor from the region with sales at USD 1.74 bln against Asia Pacific sales of EUR 2.6 bln in 2010.


China generates just half of Japan's contribution, but growth in China is very strong, de Royere added.


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