Linde AG Germany has appointed Mr. Sanjiv Lamba as new chairman of BOC India Ltd, a subsidiary company of Linde Group. Mr. Lamba is already the member of Linde AG executive board & has been with The Linde Group since 1989, will replace Chairman S. M. Datta, who is retiring.
Along with this announcement, company reported a more than two-fold jump in net profit of Rs. 50.6 crore (202,613 USD). Figures came after the end of fourth-quarter ended on 31st Dec 2011.
Industrial Gases major Air Liquide group is going to construct new Air Separation Unit (ASU) in South Africa. According to reports in media yesterday, Air Liquide signed a 20-year contract with JSE-listed steel and vanadium producer Evraz Highveld.
Surprisingly deal went off after the cancellation of JSE listed industrial gases & welding products supplier Afrox. Because of Afrox the Linde group company, steel firm had borne lots of production issues.
Construction would begin soon & commissioning by the end of 2013. Continue reading
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The leading Gas Manufacturer & Supplier Air Products plans to expand its presence from gases to CryoEase segment. Company has just started focusing on CryoEase service offering.
CryoEase service is an exclusively designed by keeping the customer in mind to provide a cost-effective, reliable and convenient alternative to traditional gas storage systems. Here company offers the innovative Maxitank solution that enables the gap between traditional consumption patterns and cylinder deliveries. Continue reading
Courtesy: Praxair Website
Global Industrial Gas Major Praxair INC has recently went under a deal with California-based FM industry. Company sold unit that has been in business of making equipment for producing microchips to one of Japan’s biggest technology manufacturers.
Sources say company struck deal in undisclosed amount in which entire business was executed between both the companies. But it appears as Praxair will soon issue $600 million that should be used to retire short-term debt for the group & general purposes. Continue reading
Image Courtesy: themoscowtimes.com
Russia is being known across the globe for the most unexplored business market in the world. Recent expansions in the Oil & Gas, from LNG front made Russian another hub as an emerging economy of the world.
Russia is quite popular as cold bear where saturation comes soon as weather turns out into wild. Reports say Russia would be coming up as modernized industrial production hub of infrastructure in the years. Industrial gases also play the vital role in the growth of gases economy in Russia. Metal, Automobile, Welding, Fabrication & Food processing are the some segments, where industrial gases have segmental and marginal markets. Medical Gases & Electronics are the other attractive markets in the Russian economy. Manufacturing accounts 15% of Russian population & Moscow is the new potential hub.
Air Liquide Sees Russia as Futuristic Market………….. Continue reading
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North American Industrial Gas major, Praxair awarded fleet transportation & distribution contract to Navteq. Navteq won the contract in collaboration with Planifi-K is already providing services for Fleet Transportation & distribution in the region.
Planifi-K is an Argentina-based consulting firm specializing in logistical planning and an official strategic partner of Roadnet Technologies (ex- UPS Logistics Technologies). Praxair is going to use Navteq map data of Argentina and Roadnet Technologies software to optimize their fleet transportation and distribution services. Continue reading
Image Courtesy: Gasworld
Moving ahead with another acquisition, Air Liquide Large Industries US announced new purchase of Air Separation Unit (ASU) in Plaquemine, La from Georgia Gulf Corporation. Air Liquide operates US market from 200 locations & has a wide range of products from Industrial Gases to Electronics segment.
New purchased ASU produces Oxygen, Nitrogen & Argon & is being linked with Air Liquide existing gas production network in Plaquemine. As both are located closed to each other therefore Air Liquide will easily able to join an existing system of 13 Air Liquide Air Separation Units & Utility facilities among customers along the Mississippi river front. It would be going a vast pipeline network in Air Liquide’s US. Continue reading
Breaking News: Cryogenic Equipment Major INOXCVA plans to expand its network market across European territory. After Company almost set up huge base at Pan American continent, earlier by acquisition in the US based company named CVA (Cryogenic Vessel Alternatives), now looks to Europe as potential market.
Recently only, Company opened Manufacturing Cum Service center in the South American country Brazil. Being stirred by the acquisition of majority stake in a US-based company named CVA, Gujarat based firm INOX India Ltd moves ahead to acquire a European company this year for $ 20miilion (Rs. 100 Cr). According to company officials, company has almost quadrupled its turnover in last three years. Continue reading