US-based industrial gases company Air Products today opened a USD 5-million engineering centre in Pune, which will house around 300 engineers and employ another 500.
The Pune centre will act as an EPC hub for the company's operations in India and throughout the world, it said in a release.
The USD 5-million centre will employ 300 engineers and over 500 contractual employees, and will provide technology and equipment for air separation, hydrogen generation and associated technologies for industrial gases applications, the company added.
"The centre enhances and supports the development of solutions for the local market, where we have had a presence for nearly two decades," said Samir Serhan, executive vice-president, Air Products.
The Wall Street-listed company recently signed an agreement with the state-run BPCL to build, own and operate a new syngas production facility at its Kochi refinery. The industrial gases plant will involve an investment of USD 400 million. That apart, since last year it has been operating an industrial gas complex at the Kochi refinery.
"The company will invest another USD 100 million here over the next few years," it said in the release.
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Air Products is an industrial gases company in operation for over the past 75 years and had USD 8.2 billion in net sales in 2017 from 50 markets worldwide.
It entered the country in 1999 as a joint venture with Industrial Oxygen Company or Inox, and in 2009 formed a fully owned subsidiary named Air Products India.
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