Midway through 2014 and the global industrial gases industry is in the midst of a gradually improving business environment.
Despite being offset in some areas by external variables such as energy pricing, weather systems and political landscapes, higher underlying volumes appear to be a common theme across the recent financial releases of the industry’s major players.
Though The Linde Group described economic growth as ‘still anything but strong’ in its first quarter 2014 earnings release, Air Liquide cited a ‘gradually improving global business environment’ in its own first quarter results. So while the wider context may not be perfect, it is improving.
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