Latin America: Air Liquide Expands Its Business to Colombia
January 05 2016 - 10:35AM
Business Wire
Regulatory News:
In the context of a contract with Coca-Cola FEMSA, the
largest bottler of Coca-Cola products in the world and the largest
beverage company in Latin America, Air Liquide (Paris:AI) will
build and operate a new facility consisting of a carbon dioxide
production unit and a cogeneration unit1. This
investment of around 40 million euros2 marks Air
Liquide’s entry into the Colombian industrial gas market.
Under the terms of the agreement, Air Liquide will supply
carbon dioxide as well as nitrogen, electricity,
refrigerated water, compressed air and steam to Coca-Cola
FEMSA’s largest bottling facility in Colombia, located in
the municipality of Tocancipá, Cundinamarca, approximately 40
kilometers north of Bogotá. Air Liquide’s new facility in Tocancipá
is expected to begin commercial production in late 2016.
Air Liquide’s new facility will employ at least 30 people. It
will be located within the Permanent Free Trade Zone FEMSA
Industrial Park3. Additional carbon dioxide produced by Air
Liquide’s facility will be available to the surrounding market.
Latin America offers development prospects for Air Liquide.
Colombia, the fourth largest economy in Latin America, shows
attractive growth potential supported by robust industrial and
manufacturing activity, a rapidly expanding economy and abundant
natural resources. Air Liquide is well positioned to meet the
growing needs of the region, supplying products, services and
technologies to help industry improve safety, efficiency and
productivity.
Air Liquide also supplies industrial gases and utilities to two
of Coca-Cola FEMSA’s major bottling facilities in Brazil, in the
cities of Itabirito and Jundiaí.
Michael J. Graff, Senior Vice-President for the Americas
and member of the Air Liquide Group’s Executive Committee,
commented: “Our entry into Colombia provides a major opportunity
for Air Liquide as we establish our presence in this strategic
market and further expand our presence in Latin America. We are
very pleased to have reached this milestone in our working
relationship with Coca-Cola FEMSA, a long-term partner of
Air Liquide. We look forward to our continuing partnership and
to supporting Coca-Cola FEMSA’s growth in Latin America by
supplying safe, reliable and sustainable solutions.”
Air Liquide in the
Americas
Air Liquide is present in 14 countries across North America,
Central America and the Caribbean, and South America. Air Liquide
companies in the Americas offer industrial and medical gases,
technologies and related services to customers in many industries
including energy, industrial manufacturing, electronics and
healthcare markets.
Use of gases in the bottling
industry
Industrial gases such as purified and liquefied carbon dioxide
are primarily used in the bottling process to provide carbonation
in beverages.
_______________
1 Cogeneration unit: produces steam and electricity
simultaneously from natural gas and water2 Air Liquide investment
decision made in the 1st half of 20153 The Permanent Free Trade
Zone FEMSA Industrial Park is designated as a Colombian permanent
free trade zone
World leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with more than
50,000 employees and serves more than 2 million customers and
patients. Oxygen, nitrogen and hydrogen have been at the core of
the company’s activities since its creation in 1902. Air Liquide’s
ambition is to be the leader in its industry, delivering long-term
performance and acting responsibly.
Air Liquide ideas create value over the long term. At the core
of the company’s development are the commitment and constant
inventiveness of its people.
Air Liquide anticipates the challenges of its markets, invests
locally and globally, and delivers high-quality solutions to its
customers and patients, and the scientific community.
The company relies on competitiveness in its operations,
targeted investments in growing markets and innovation to deliver
profitable growth over the long-term.
Air Liquide’s revenues amounted to € 15.4 billion in 2014, and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40
and Dow Jones Euro Stoxx 50 indexes.
www.airliquide.comFollow us on Twitter
@AirLiquideGroup
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version on businesswire.com: http://www.businesswire.com/news/home/20160105006253/en/
Corporate CommunicationsCaroline Philips, +33 (0)1 40 62
50 84Aurélie Wayser-Langevin, +33 (0)1 40 62 56 19orAmerican Air
Liquide CommunicationsMichael Rosen, +1 713 624
8023orInvestor RelationsAude Rodriguez, +33 (0)1 40 62 57
08Erin Sarret, +33 (0)1 40 62 57 37Louis Laffont, +33 (0)1 40 62 57
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