Global industrial gases company Air Liquide has increased its presence in Southeastern Europe by creating a subsidiary in Serbia.
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Over the past three years, Serbia has been one of Europe’s fastest growing economies with an average annual GDP growth of 7.3%. It is the most industrialized country in ex-Yugoslavia. Its major growth drivers are telecommunications, construction and transport, with a recent upswing of industrial production. Its strategic position allows good access to transportation corridors between Western and South-Eastern Europe and Turkey.

The move is part of Air Liquide’s goal to establish a stronger presence in the region. Since the end of last year, Air Liquide has operated an Air Separation Unit in Romania and is supplying cylinder and …