Air Products and ACWA Holding announce the formation of a new joint venture -- ACWA Air Products Arabia
- United Arab Emirates: Thursday, October 18 - 2012 at 15:04
- PRESS RELEASE
Air Products and The Arabian Company for Power and Water Development (ACWA Holding) announced they have signed a joint venture agreement for the formation of a new company, ACWA Air Products Arabia, that will be located in Al-Khobar city, Saudi Arabia. The partnership will focus on the successful pursuit of large-scale industrial gas opportunities within The Kingdom of Saudi Arabia.
Howard Castle-Smith, Air Products' regional vice president-Tonnage Gases Europe and Middle East said: "Our new venture with ACWA Holding complements Air Products' existing presence in The Kingdom of Saudi Arabia and the GCC, providing a strong platform to further grow our business there by partnering with prime Saudi industrial investors and developers, such as ACWA Holding."
"By leveraging our mutual capabilities - Air Products' knowledge and proven track record in large industrial gas plants and ACWA Holding's strong infrastructure position - we will be able to pursue large-scale industrial gas opportunities within the Kingdom and provide customers with secure quality, manufacture and distribution," Castle-Smith said.
The new company, ACWA Air Products Arabia, complements Air Products' 25% stake in Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG), a company of the privately-owned Abdullah Hashim Group, based in The Kingdom of Saudi Arabia. Air Products has been serving customers in the Middle East for over 50 years, and already operates a helium and cylinder gases filling and distribution facility, as well as a specialty gases center in the Jebel Ali Free Zone. Air Products has offices in Doha, Qatar and Dubai and works closely with the region's petrochemical, gasification and refining industries. It has built, owned and operated air separation units (ASU) and hydrogen production plants throughout the Middle East.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.