Gulf Cryo has announced a significant investment acquiring shares in Tyczka Air Austria, part of the Tyczka Group, becoming minority partner.
Gulf Cryo and the Tyczka Group will bring together technical, commercial, and financial resources into Tyczka Air Austria to create a well-positioned industrial gas company in a highly industrialised area. The joint efforts of both companies will overtime substantially enhance the company’s growth in the liquid air gases market in Austria and Germany.
Last year, construction work for a new generation air separation plant (ASU) began at Tyczka Air Austria located at the industrial park Braunau/Neukirchen in Austria and commemorated with a ‘ground-breaking’ ceremony.
The construction work and pre-signing of customers remain ahead of the original schedule with an anticipated plant commissioning in the 4th quarter of 2014.
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