Inox Air Products to build six new air separation plants in India
Inox Air Products joint venture (JV) in India is to build six new air separation units (ASUs) with an investment of $100m.
These six plants are expected to start operations during the course of 2018 and 2019, serving the growing on-site and merchant liquid industrial gases market in India.
Inox-Air Products director Siddarth Jain said: “The investment in this capacity will bring much-needed product into the Indian market.
“As one of the fastest growing economies in the world, we continue to invest in these projects to ensure that we are in the best position to support the continued growth of the India Economy in general, and the manufacturing industry in particular.
“The positioning of this capacity in key industrial regions will enable us to serve our customers with market leading efficiency and reliability.”
With these six new facilities becoming on stream, Inox Air Products' presence in the industrial gas market of the country in expected to strengthen further.
Air Products Industrial Gases, Middle East, India, Egypt and Turkey president Richard Boocock said: “We are proud to be able to play our part in making 'Make in India' a reality, as efficient and reliable supplies of industrial gases are a key enabler for manufacturing.”
The plants will have a combined capacity of more than 1,200mt per day of liquid product.
It will cater to multiple regional markets in India and across industry segments including iron and steel making, glass manufacturing and pharmaceuticals.
With its headquarters in Mumbai, Inox Air Products manufactures and supplies industrial gases throughout India.
The company operates through more than 35 locations with employee strength of nearly 1,200 people.
Image: Air Products Headquarters in Trexlertown, Pennsylvania. Photo: courtesy of CyberXRef via Wikipedia.