Matheson K-Air to expand geographically in the next two-three years

Matheson Tri Gas, US has entered into a 51:49 partnership with Pune-based K-Air Speciality Gases.

The joint venture Company, named Matheson K-Air Gases India Pvt. Ltd. (Matheson K-Air) will bring together synergies of the existing industrial gases business of K-Air and the global industrial gases experience of Matheson Tri-Gas to India. It will be headquartered at the existing facility of K-Air in Pune.

K-Air has operations in Pune and Aurangabad where it transfills helium and produces packaged gases and trades in bulk and specialty gases catering to Indian and West Asian markets.

Matheson K-Air, plans to begin operations from April 2010 and focus on industrial and specialty gases. In the next two-three years, it plans to invest over $50 million to augment its geographical focus and trans-fill capabilities.