Acquisition of Air Liquide Al Khafrah Industrial Gases, including liquid bulk, packaged and specialty gases, following on from the previous acquisition of Air Liquide’s industrial commercial gas assets in the region
Abdullah Hashim Industrial Gases & Equipment Co. Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG)―Air Products’ merchant industrial gas joint venture in the Kingdom of Saudi Arabia―today announced the acquisition of Air Liquide Al Khafrah Industrial Gases (ALKIG), Air Liquide’s industrial merchant gases business in the Kingdom of Saudi Arabia, including liquid bulk , packaged gases and specialty gases. Abdullah Hashim Industrial Gases & Equipment Co. Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG) – Air Products’ joint venture for the sale of industrial gases in the Kingdom of Saudi Arabia – today announced the acquisition of Air Liquide Al Khafrah Industrial Gases (ALKIG), Air Liquide’s industrial gases business for the Kingdom of Saudi Arabia, including bulk, packaged gases and specialty gases. Abdullah Hashim Industrial Gases & Equipment Co. Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG)——Air Products 在沙特阿拉伯王国的商用工业气体合资企业——今天宣布收购Air Liquide Al Khafrah Industrial Gases (ALKIG)，这是Air Liquide 的工业商用气体业务在沙特阿拉伯王国，包括散装液体、包装气体和特种气体。 Abdullah Hashim Industrial Gases & Equipment Co. Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG), Air Products’ commercial industrial gases joint venture in the Kingdom of Saudi Arabia, today announced the acquisition of Air Liquide Al Khafrah Industrial Gases (ALKIG), Air Liquide’s industrial commercial gases division. in the Kingdom of Saudi Arabia, including bulk liquids, packaged gases and specialty gases. Financial terms of the deal were not disclosed.
Commenting on the acquisition, Mr. Khalid Hashim, Managing Director of AHG, said: “We are proud to have Air Products as our partner in Saudi Arabia. The relationship between our companies has never been stronger and will continue to thrive.” from Air Liquide, we have further strengthened our capabilities and as we continue to grow our customers will benefit from a passionate local presence coupled with strong global partnerships We welcome talented and dedicated individuals to join our organization, and we applaud the enthusiasm and experience they bring to our work. service to our clients.”
“This acquisition by AHG supports our continued growth strategy in the region and builds on years of experience in operating and serving customers in the Middle East,” said Middle East vice president and president, Air Products Industrial Gases. and Turkey.
In January 2022, Air Products successfully completed the acquisition of Air Liquide’s industrial and commercial gas business in the United Arab Emirates, including bulk gases, packaged gases and specialty gases; Air Liquide owns a majority stake in Middle East Carbon Dioxide WLL (MECD), with a liquid CO2 plant in Bahrain. Air Products continues to demonstrate its commitment to the Middle East by expanding its industrial gases business, expanding regional capabilities, and improving supplier and product reliability to better serve customers.
About Air Products Air Products (NYSE: APD) is a leading global industrial gases company with over 80 years of history. With a focus on serving energy, the environment, and emerging markets, the company supplies vital industrial gases, related equipment, and application expertise to customers in dozens of industries, including oil refining, chemicals, metallurgy, electronics, manufacturing, and the food and beverage industry. Air Products is also a world leader in the supply of technology and equipment for the production of liquefied natural gas. The company develops, designs, builds, owns and operates some of the world’s largest industrial gas projects, including: gasification projects that sustainably convert rich natural resources into synthetic gas to produce costly electricity, fuels and chemicals; carbon sequestration projects; and world-class, low- and zero-carbon hydrogen projects to support global transport and the energy transition.
The company operates in more than 50 countries, generated $10.3 billion in sales in fiscal 2021, and has a current market capitalization of over $55 billion. Driven by the ultimate goal of Air Products, more than 20,000 passionate, talented and dedicated employees from all walks of life create innovative solutions that benefit the environment, enhance sustainability and solve the challenges facing customers, communities and the world. For more information, visit airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.
About Abdullah Hashim Industrial Gases & Equipment (AHG) Abdullah Hashim Industrial Gases & Equipment Co. About Abdullah Hashim Industrial Gases & Equipment (AHG) Abdullah Hashim Industrial Gases & Equipment Co. Ltd. is one of the leading merchant industrial gas manufacturers and suppliers in the Kingdom of Saudi Arabia. О Abdullah Hashim Industrial Gases & Equipment (AHG) Abdullah Hashim Industrial Gases & Equipment Co. About Abdullah Hashim Industrial Gases & Equipment (AHG) Abdullah Hashim Industrial Gases & Equipment Co. Ltd. is one of the leading manufacturers and suppliers of industrial gases in the Kingdom of Saudi Arabia.关于Abdullah Hashim Industrial Gases & Equipment (AHG) Abdullah Hashim Industrial Gases & Equipment Co. Abdullah Hashim Industrial Gases & Equipment (AHG) Abdullah Hashim Industrial Gases & Equipment Co. Ltd.是沙特阿拉伯王国领先的商业工业气体制造商和供应商之一。 О Abdullah Hashim Industrial Gases & Equipment (AHG) Abdullah Hashim Industrial Gases & Equipment Co. About Abdullah Hashim Industrial Gases & Equipment (AHG) Abdullah Hashim Industrial Gases & Equipment Co. Ltd. is one of the leading manufacturers and suppliers of commercial industrial gases in the Kingdom of Saudi Arabia. In the 1940s, AHG started out as a metalworking business and as the business grew, the first oxygen plant was installed at the first shipyard in Jeddah, Saudi Arabia.
Since AHG was formally founded in 1954, the company has shifted its focus from metalworking to becoming the safest and most reliable supplier of gases, gas equipment and gas services in the UK. AHG still maintains its roots through its Welding division, which supplies welding equipment and consumables to the market, and over the years, AHG has also added a refrigerant gas division to its portfolio. Following the vision of AHG, Air Products has been an international partner and shareholder of AHG for over 10 years. Successful partnerships are strengthened by shared values.
Forward-Looking Statements Caution: This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and do not represent a guarantee of future results. While forward-looking statements are made in good faith based on assumptions, expectations and forecasts that management believes to be reasonable based on currently available information, actual results of operations and financial results may differ materially from the forecasts and estimates expressed in the forward-looking statements due to for a number of factors, including the risk factors described in our annual report on Form 10-K for the financial year ended September 30, 2021. Except as required by law, we disclaim any obligation or obligation to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs, or expectations on which such forward-looking statements are based, or to reflect changes in events. , conditions or circumstances of any changes.