The investment budget for Asia at Air Liquide amounts to EUR 1 billion. Over the next five years, the company is planning to use half of this, amounting to EUR 100 M/y, in China. Currently, sales in China account for 1% of the company’s total and it aims to increase this to 7%. Total turnover in 2003 was EUR 8.4 billion, of which EUR 90 million came from China. Sales in China are expected to increase at 20-30%/y in the steel, petrochemicals, oil and gas, and electronics sectors, where growth of 6-10/y is anticipated.
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