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air-liquide-announces-35m-investment-in-mexico
air-liquide-announces-35m-investment-in-mexico

Air Liquide announces $35m investment in Mexico

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Air Liquide has announced a new investment in northern Mexico to build a new Air Separation Unit (ASU) and a Steam Methane Reformer (SMR) in Pesquería, Nuevo León, for steel manufacturers.

According to the company Mexico presents continuing strong growth prospects due to its anticipated commercial growth and its proximity to the U.S. To seize this growth the group entered Mexico in February 2011.

The announcement comes as Air Liquide enters into a long term contract to supply nitrogen and hydrogen to steel manufacturers Ternium and Tenigal. Under the agreement, Air Liquide will build and operate the new ASU and SMR on the grounds of Ternium’s new facility in Pesquería, which will include a cold-rolling mill and a galvanizing plant.

The galvanizing plant is being developed by Tenigal, a joint venture owned 51% by Ternium and 49%by Nippon Steel.

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