Last year saw the Philippines undergo a record 7.3% GDP growth rate. As the country progresses, industrial gas firms such as Air Liquide are tapping into this wealth of potential.
Just today, Air Liquide highlighted its interest in the region when it announced a €22m investment plan. The capital will enable the construction and operation of a new Air Separation Unit in the Calamba Premiere Industrial Park, located south of Luzon, which in turn will accommodate the growing needs of high-tech manufacturers in the region.
The facility is expected to be commissioned by year-end 2012 and will produce both gaseous nitrogen and more than 200 tonnes per day of liquid gases; mainly oxygen and nitrogen.
Jean-Marc de Royere, Senior Vice President of Asia Pacific and member of the Air Liquide Executive Committee, reiterated the company’s faith in this up-and-coming region. He said, “We want to thank SEMPHIL for their renewed trust in Air Liquide. We are confident in the long-term strength of the economy of the Philippines, and this latest investment will enable us to meet the various needs of our customers. High Technologies and Developing economies are two of the growth drivers of the Air Liquide group.”
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