The industrial gas industry has been pioneering the industrial development in Central and Eastern Europe (CEE) since the break up of the iron curtain. Visionary leadership and pragmatic business sense have been the cornerstones of a buoyant industrial gas business
development.
The industrial gases business in the CEE region has grown strongly at between 7 “ 10 per cent per year and is forecasted to grow at a similar pace over the next five years. The total industrial gases business in Eastern Europe was valued at approximately €1.75bn (including Russia and CIS) in 2005. The growth is mainly driven by the activity in Central and South Eastern European (CSEE) countries and the swing from manufacturing in Western Europe to the lower cost base of the region.
Two major gas companies dominate the industrial gas business in the region; Linde Gas and the Messer Group. SIAD, the Italian based company, is a smaller player but is showing strong performance due to investments in modern production/distribution facilities and highly qualified people.
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