Air Products invests here

Air Products invests here

ALLENTOWN, Pennsylvania, USA (Reuter): Air Products and Chemicals Inc said its venture with PT Astra International, PT United Airproducts Indonesia, will invest over US$30 million to build, own, and operate a air separation facility at Maspion Group's facility in Gresik, East Java, Indonesia.

The plant -- slated to come on-stream in mid-1997 -- will provide gaseous oxygen to an electric arc furnace, Air Products said. In cooperation with Maspion, the venture also will build a nitrogen pipeline system to serve other customers in the surrounding area.

In addition, the plant will have the capacity to supply over 300 metric tons per day of liquid products to the merchant market in the Surabaya, Gresik, and East Java areas, Air Products said.