Investment in China will bring new plant operation and new fab in Shanghai
Praxair (China) Investment Co. has started up a new 400-tons-per-day air separation plant for LianZhong (GZ) Stainless Steel Corp (LianZhong) in Guangzhou, South China.
LianZhong will produce 800,000 tons per year of stainless steel to meet the growing demands of the Chinese market.The new plant is a continuation of a series of new investments in China by Praxair. Other recent announcements of a 3,000-tons-per-day plant for a gasification process and a new facility for a semiconductor fab in Shanghai are some of the projects in Praxair's current investment pipeline.
The new Praxair plant, located in Guangzhou Economic and Technology Development Zone, will supply high volumes of high purity oxygen, nitrogen and argon to LianZhong via pipeline. The facility will also provide a supply of merchant liquid products to other customers in the region.With five other large air separation plants already in operation in Shaoguan and Huizhou, this sixth air separation plant pushes Praxair's total investment in Guangdong Province to over $100 million.
Commenting on the new plant, David Chow, Praxair China president, said, "We have quickly and successfully grown our business in southern China by delivering fully integrated products and services to our customers. The new plant broadens our already diversified customer base and positions us for even further growth in the region. This is a testimony to the capabilities of Praxair and a practical demonstration of what we can achieve with the support of our customers and local authorities."
