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French Air Liquide to Invest KRW 157 B in S. Korea

According to Yonhap News,

(SEOUL=Yonhap News) French Air Liquide SA, the world's biggest supplier of industrial gases, has decided to invest 157 billion won (US$145 million) to build a new plant in South Korea, a provincial authority said Tuesday.

The plant -- set to be completed by December 2019 at the Yeosu industrial complex -- will boost Air Liquide's annual production capacity of hydrogen and carbon monoxide to 409 million cubic meters and 145 million cubic meters, respectively, according to the South Jeolla provincial government.

Yeosu, located about 455 kilometers south of Seoul, is a key industrial city in South Jeolla Province.

Air Liquide Korea has been present in South Korea since 1996, providing industrial gases and related services to major industries, such as petrochemical, oil refining, steel, automotive and renewable energy.

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Source Text

Source: Yonhap News (Apr. 24, 2018)

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