Air Liquide acquires Southern Industrial Gases
Published by Tom Mostyn,
Air Liquide has acquired a key Malaysian industrial gas player, Southern Industrial Gases Sdn Bhd. Now finalised, this operation doubles Air Liquide’s packaged gases filling capacity in Malaysia. It is expected to deliver significant synergies by enlarging our footprint and providing Air Liquide with a geographical density across most of Malaysia.
Southern Industrial Gases Sdn Bhd (SIGSB) is a former subsidiary of SIG Gas Berhad, which is listed on the Malaysian Stock Exchange. SIGSB is one of the key industrial gas players in the Malaysian market, generating close to 80 million Malaysian ringgit (approximately €20 million) in revenue annually. With more than 200 employees, it has eight manufacturing and refilling facilities locations across Malaysia, with a distribution network that covers all of Malaysia’s key industrial basins.
Air Liquide began operating in Malaysia in 1927. Its presence in the country now includes all industrial gas activities, a Smart Innovative Operations Centre as well as shared services which serves Asia and the Pacific Regions. In 2016, Air Liquide Malaysia reinforced its position in the industrial merchant business with the acquisition of a distributor located in the Kuala Lumpur region.
Francois Abrial, member of the Air Liquide Group’s Executive Committee supervising Asia Pacific, commented: “This acquisition will enable us to strengthen our activities in Malaysia, with a reinforced network that will drive sustainable growth and deliver innovative solutions for Industrial Gas customers across Malaysia. We look forward to the integration of SIGSB into Air Liquide Malaysia and we are confident that we can continue to drive value for our customers and create opportunities for our employees.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/31102019/air-liquide-acquires-southern-industrial-gases/
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