Air Products JV to Invest $50 Million to Build ASUs in India

Air Products says its Inox Air Products (Mumbai) joint venture will invest more than $50 million to construct two new air separation units (ASU) for the growing merchant industrial gas markets in west and south India. The ASUs are scheduled to come on stream between late 2012 and early 2013. Inox Air Products also signed a new long-term industrial gas supply contract with Posco Maharashtra Steel Pvt. Ltd. (PMSPL) to supply hydrogen and nitrogen for PMSPL’s phase 2 facility expansion in the state of Maharashtra, India. Inox Air Products is a jv in which the...

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