Air Liquide Benefits from Global Electronics Recovery in Q3
Key Ideas
  • Air Liquide is experiencing high single-digit growth in demand for carrier gases like nitrogen, argon, helium, hydrogen, and oxygen in Q3.
  • The company attributes this growth to its strong existing portfolio in supplying carrier gases and new projects coming online.
  • Double-digit growth is seen in the advanced materials and electrical and instrumentation business segments.
  • CEO François Jackow highlighted the positive trend in the US, Taiwan, China, Japan, and South Korea for Air Liquide.
Air Liquide, a leading industrial gases major, is benefiting from a global recovery in the electronics business in the third quarter of the year. The CEO of Air Liquide, François Jackow, mentioned on the company's latest earnings call that there has been an upturn in activity, particularly in the US, Taiwan, China, Japan, and South Korea. The demand for carrier gases such as nitrogen, argon, helium, hydrogen, and oxygen has seen high single-digit growth during Q3. Jackow attributed this growth to the company's strong existing portfolio in supplying carrier gases and the initiation of new projects. Additionally, there has been strong growth in the advanced materials and electrical and instrumentation business segments, with double-digit growth reported in these areas. The overall sentiment in the article is positive, indicating that Air Liquide is performing well in the current market conditions.
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