Air Liquide

Oxygen, nitrogen, argon... Our gases are everywhere and an integral part of improving production processes. They go hand in hand with the economic growth and progress in which Air Liquide is firmly established.

History

2022: Transfer of Russian ir Liquide business to local managers

In early September 2022, the French chemical company Air Liquide announced its withdrawal from the Russian market. The relevant assets are transferred to local managers.

Air Liquide confirms its intention to withdraw from Russia... The group signed a memorandum of understanding with local management on the transfer of its assets to it in Russia, the report quoted by TASS said. The decision must be approved by Russian regulatory authorities.

Air Liquide transfers Russian business to local managers

Air Liquide ceased its work in Russia on September 1, 2022. The company said in a statement that there were 720 employees in the country. Russia accounts for less than 1% of total revenue. By selling its assets to Russian managers, the company seeks to ensure "continuous supply of oxygen to hospitals," it said.

In March 2022, the Le Figaro newspaper reported that French President Emmanuel Macron met with 15 representatives of large French business who work in Russia and advised them not to rush to leave the Russian market. At the same time, he noted that Paris, following the EU and the United States, will impose new sanctions against Moscow.

Air Liquide signed a memorandum of understanding with Rosatom to study the possibility of building a hydrogen production complex on Sakhalin with a capacity of up to 100 thousand tons per year, the state corporation has already said that it will continue the project on its own, and the agreement with Air Liquide has expired and the parties will not renew it.

Air Liquide is dedicated to producing gases, developing technology and providing services for industry and healthcare. By September 2022, Air Liquide is represented in 78 countries. Air Liquide operates 18 production sites in key regions in Russia.^[1]

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