INOX Air Products Ltd., a joint venture (JV) of Air Products in India, will build six new Air Separation Units (ASUs) that will serve the growing onsite and merchant liquid industrial gases market in India. The six plants are scheduled to come onstream during the course of 2018 and 2019.
“The investment in this capacity will bring much needed product into the Indian market. As one of the fastest growing economies in the world, we continue to invest in these projects to ensure that we are in the best position to support the continued growth of the India Economy in general, and the manufacturing industry in particular. The positioning of this capacity in key industrial regions will enable us to serve our customers with market leading efficiency and reliability,” said Siddarth (Sid) Jain, Director, INOX-Air Products.
In building these six new plants, INOX Air Products’ industrial gas market presence in India will continue to grow, and further strengthen the already established leadership position the company has in the merchant industrial gases market in India.
The plants will have a combined capacity of over 1,200 metric tonnes per day of liquid product and will serve a variety of regional markets and industry segments across India such as: iron and steel making, glass manufacturing and pharmaceuticals.