HOUSTON--(BUSINESS WIRE)--Jun 1, 2023--
Air Liquide announces that it has invested nearly $70 million U.S. dollars in state-of-the-art plants in North Texas to supply ultra high purity nitrogen and oxygen to the electronics industry. These investments will support the expansion of two existing manufacturing facilities and will also be used to build, own and operate onsite plants and systems at a new manufacturing site within the region. Operations and supply are expected to begin in the second quarter of 2023 at the existing facilities and to start in the first half of 2025 at the new manufacturing site.
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Photo of an Air Liquide onsites plant. (Photo: Business Wire)
The dynamic growth of the electronics industry globally has been boosted by the rapid adoption of the Internet of Things (IoT), big data, artificial intelligence, advancements in smartphones and 5G technology, and automotive electronics components. After the rapid growth over the last five years, the electronics industry is expected to keep enjoying structural expansion over the long term.
Over the past 50 years, Air Liquide has been integral in the development of the electronics industry globally. It has developed exclusive know-how, a collaborative customer approach and the innovation capacity necessary for delivering onsite gases with the purity, reliability and quality control required for electronics manufacturing.
In an increasingly complex and digital world, Air Liquide Electronics will support the Group’s ADVANCE strategic plan by unlocking progress via technology. It continuously adapts its offer and local production of electronics specialty gases, advanced materials, and equipment for the electronics industry.
Michael J. Graff, Executive Vice President and Executive Committee Member of the Air Liquide Group, said: “AirLiquide is proud to support the structural long-term growth of electronics manufacturing in the United States. We are pleased to support our electronics industry customers as they endeavor to expand their manufacturing footprint in Texas, a State where Air Liquide has an established presence and significant infrastructure. This investment illustrates Air Liquide’s ability to meet the stringent, high-purity gas and advanced material needs of electronics manufacturers wherever they operate.”
Air Liquide in the United States
Air Liquide employs more than 20,000 people in the U.S. in nearly 1,400 locations and plant facilities including a world-class R&D center. The company offers industrial and medical gases, technologies and related services to a wide range of customers in energy, petrochemical, industrial, electronics and healthcare markets. usa.airliquide.com
Air Liquide Electronics
Generating €2,558 million in revenue in 2022 the Electronics business line of Air Liquide is a world reference in designing, manufacturing and supplying ultra high purity gasses and advanced materials for this industry. The Electronics business line of Air Liquide is a long-term partner providing innovative and sustainable solutions to the semiconductors, photovoltaics and flat-panel displays markets. More than 4,500 employees worldwide are dedicated to providing the working agility and reliability our customers need. www.electronics-airliquide.com
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 73 countries with approximately 67,100 employees and serves more than 3.9 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart of Air Liquide’s strategy. With ADVANCE, its strategic plan for 2025, Air Liquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, the Group benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its technological expertise. The Group develops solutions contributing to climate and the energy transition—particularly with hydrogen—and takes action to progress in areas of healthcare, digital and high technologies.
Air Liquide’s revenue amounted to more than 29.9 billion euros in 2022. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50, FTSE4Good and DJSI Europe indexes.
www.airliquide.com
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CONTACT: Corporate Communications
media@airliquide.comInvestor Relations
IRTeam@airliquide.comAir Liquide Corporate Communications, Americas
Alyson Bartol
+713-624-8594
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: HARDWARE IOT (INTERNET OF THINGS) OIL/GAS CHEMICALS/PLASTICS COAL SEMICONDUCTOR ALTERNATIVE ENERGY ENERGY MANUFACTURING CONSUMER ELECTRONICS TECHNOLOGY OTHER MANUFACTURING OTHER TECHNOLOGY OTHER ENERGY UTILITIES ENGINEERING
SOURCE: Air Liquide
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PUB: 06/01/2023 11:30 AM/DISC: 06/01/2023 11:30 AM
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