Air Products announced that INOX Air Products Ltd, its joint venture in India, will invest over USD 50 million to construct two new air separation units for the growing merchant industrial gas markets in West and South India.

INOX Air Products will build one of the ASUs to produce liquid oxygen and liquid nitrogen in the state of Andhra Pradesh,

INOX Air Products will build the second ASU for the merchant industrial gas market in Maharashtra.

The INOX Air Products facilities are all scheduled to come on stream between late 2012 and early 2013.

Mr Pavan K Jain MD of INOX Air Products said “These two important projects are a substantial next step in our efforts to extend our leadership position in the merchant industrial gases market in India. We continue to invest in these projects to ensure that we are in the best position to supply our customers with reliable, high quality and cost effective solutions for their industrial gas needs. Our repeat win at POSCO is clear evidence that we are consistently delivering value for our customers."