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Air Liquide acquires Malaysian industrial gases company

November 11/2019

MOSCOW (MRC) -- Air Liquide acquired Malaysia's Southern Industrial Gases for an undisclosed sum, said Bloomberg.

The acquisition doubles Air Liquide’s packaged gases filling capacity in Malaysia, and it is expected to deliver significant synergies by enlarging its footprint there, it said.

Southern Industrial Gases has eight manufacturing and refilling facilities locations across Malaysia and employs about 200 people. It has annual sales of about EUR20m.

As MRC informed earlier, Air Liquide signs new long term contract  with Kazakhstan Petrochemical Industries (KPI) to build, own and operate a new nitrogen unit in the growing chemical basin of Karabatan, close to the Atyrau refinery.

As MRC informed earlier, Air Liquide in 2018 signed a new long-term agreement with LyondellBasell, one of the world’s largest plastics, chemicals and refining companies, to supply oxygen to LyondellBasell’s new large-scale petrochemical plant which will be constructed in Channelview, Texas. LyondellBasell’s new propylene oxide/tertiary butyl alcohol plant (PO/TBA), is expected to be the largest of its kind plant in the world when completed.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,436,390 tonnes in the first eight months of 2019, up by 9% year on year. Shipments of all PE grades increased. At the same time, the PP consumption in the Russian market was 909,260 tonnes in January-August 2019, up by 10% year on year. Shipments of PP block copolymer and homopolymer PP increased.

Air Liquide began operating in Malaysia in 1927. Its presence in the country now includes all industrial gas activities, a Smart Innovative Operations Centre as well as shared services which serve Asia and the Pacific Regions. In 2016, Air Liquide Malaysia reinforced its position in the industrial merchant business with the acquisition of a distributor located in the Kuala Lumpur region. The acquisition which was finalised recently placed Air Liquide in an even stronger position to serve its customers in the country.


mrcplast.com
Author:Anna Larionova
Tags:natural gas, PP, PE, ethylene, propylene, gas processing, Air Products.
Category:General News
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