16 January 2012 08:30 [Source: ICIS news]
SINGAPORE (ICIS)--Belgium’s Solvay and French industrial gases firm Air Liquide said on Monday they have inked a deal to form a global fluorine gas business which will build, own and operate modular on-site fluorine cleaning gas units for the flat panel display and silicon thin film photovoltaic industries.
“This partnership will help satisfy growing world demand for environmentally friendly cleaning gases,” said Vincent De Cuyper, group general manager of the chemicals sector and member of the executive committee of Solvay.
The establishment of the joint venture is subject to antitrust approval, the two firms said in a statement.
"This major step will allow Air Liquide to expand its offer in the fast-growing electronics market,” added Francois Darchis, senior vice president and a member of Air Liquide's executive committee.
The financial details of the deal were not disclosed in the statement.
For more on Solvay and Air Liquide, visit ICIS company intelligence
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