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LEHIGH VALLEY, Pa.,
May 28, 2013 /PRNewswire/ -- Air Products (NYSE: APD) today announced that INDURA, its South American joint venture, will build a new plant in
Antofagasta, Chile, as well as expand the capacity of its Graneros plant, south of
These new investments will meet the increasing demand for industrial gases in the northern and central regions of
Chile, driven largely by the mining, metal fabrication and food industries.
"With this new plant in
Antofagasta and expansion in Graneros, we are investing in the right places to serve the industries that continue to grow and depend on the safe and reliable supply of our products for their processes," said
Mike Olivares, vice president and general manager,
Latin America for Air Products.
Antofagasta's new plant will produce oxygen, nitrogen and argon. Its construction and the Graneros expansion will mean an investment of more than
The new capacity follows the opening of a new
Chile, in 2012, to support local industries, including the growing aquaculture market.
Indura has annual sales of
CLP 244 billion. Its integrated gas and retail business includes liquid bulk, small on-sites and packaged gases. In
Air Products purchased a majority stake in Indura, complementing its existing interests in
Latin America, through its wholly-owned businesses in
Argentina and its joint venture, Grupo Infra, headquartered in
About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 20,000 employees in over 50 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air Products had sales approaching
$10 billion. For more information, visit