Johannesburg, March 1, 2024
Air Liquide reinforces commitment to contribute to South Africa’s social transformation through appointment of local BBBEE partner, CIH
Air Liquide Large Industries South Africa (ALLISA) has finalised the selection of its local Broad-Based Black Economic Empowerment (B-BBEE) partner and appointed Community Investment Holdings (CIH), in
line with its social transformation ambition. CIH now holds 25% shareholding in ALLISA, a subsidiary of the Air Liquide Group operating the 16 Air Separation Units (ASUs) acquired from Sasol in 2021. This milestone
demonstrates Air Liquide’s commitment to contribute towards the economic development of the country with the ambition to improve the lives of the South African society.
CIH is a South African local investment holding company with business interests in sectors ranging from financial services, logistics, mining, power and energy and healthcare. CIH is also in partnership with the South African subsidiaries of Air Liquide Healthcare and VitalAire and is set to significantly contribute to ALLISA through its expertise on the local, economic and regulatory contexts of South Africa.
ALLISA is involved in various community upliftment programs that aim to make a meaningful difference where it operates. In 2022, ALLISA invested in small and medium enterprise business development in line with its Enterprise and Supplier Development (ESD) mandate. In addition, in 2023 it launched the Secunda Business Centre aimed at building capacity for local small businesses to be competitive on the market. Further, during the first two years of operation, ALLISA significantly supported the training and development of its employees, to build expertise in implementing highly mastered operational practices that optimise the operation of the ASUs and energy consumption.
CONTACTS
Lorraine Matanda
Air Liquide is a world leader in gases, technologies and services for industry and healthcare. Present in 72 countries with 67,800 employees, the Group serves more than 4 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the Group’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart of Air Liquide’s strategy. With ADVANCE, its strategic plan for 2025, Air Liquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, the Group benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its technological expertise. The Group develops solutions contributing to climate and the energy transition—particularly with hydrogen—and takes action to progress in areas of healthcare, digital and high technologies.
Air Liquide’s revenue amounted to more than 27.5 billion euros in 2023. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50, FTSE4Good and DJSI Europe indexes.
www.airliquide.co
