Air Products joint venture in India marked a major milestone yesterday celebrating 20 successful years of business in the country.
INOX Air Products was started in 1999 when Air Products acquired a 50% equity stake in Industrial Oxygen Company and became an equal joint venture partner with the Jain family.
Through a series of strategic acquisitions that began in the year 2000 and culminated in the year 2015 with that of ESSAR Steel’s 5, 100 metric tonnes per day (TPD) air separation unit, the joint venture partnership quickly established leadership positions in the onsite, merchant and packaged gas businesses.
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