BUSINESS > NEWS

Nikkiso CE&IG To Increase Europe's Manufacturing Capacity By Twofold

30/08/2024 03:40 PM

KUALA LUMPUR, Aug 30 (Bernama) -- Nikkiso Clean Energy & Industrial Gases Group (CE&IG), part of Nikkiso Co Ltd’s Industrial Business segment, has announced the expansion of its manufacturing operations in Wurzen, Saxony, Germany, which will nearly double the group’s manufacturing capacity in Europe.

Nikkiso CE&IG Chief Executive Officer, Adrian Ridge said the group brings a depth of experience in the cryogenics industry that few can match.

“The facility in Wurzen will be Nikkiso’s manufacturing hub in Europe and complement our customer centre in Neuenburg,” he said in a statement.

Meanwhile, Saxony Prime Minister, Michael Kretschmer said: “The facility expansion of Nikkiso in Wurzen is a far-sighted investment that shows how attractive Saxony is as a business location for international investors.

“The doubling of production capacity is a vote of confidence that we can be proud of. With this decision, Nikkiso will become an important part of the hydrogen economy that we in Saxony want to rely on in the coming decades.”

With the additional space, the group will build on its existing carbon capture business and bring new manufacturing capabilities for cryogenic pump assembly, heat exchangers and hydrogen fuelling skids.

This is to meet market demand for cryogenic equipment and plant solutions used in clean energy projects like hydrogen fuelling stations, liquefied natural gas (LNG) and ammonia terminals, and hydrogen production plants.

Expanding manufacturing space and capabilities in Europe will help the group share knowledge and expertise between regions and provide good-paying jobs for local workers, resulting in approximately 20 per cent growth in the near term with further growth expected longer term.

Facility operations are and will continue to be fully powered by renewable solar energy when the expanded operation is complete in the first half of 2025.

-- BERNAMA


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