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Japan Air Gases Ltd.
Iwatani International Corp.
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Japan Air Gases and Iwatani International Corporation decide to merge their
cryogenic equipment manufacturing activities June 28, 2005
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The cryogenic equipment manufacturing business (production of storage tanks and transportation vehicles for liquefied cryogenic gases and related engineering services) is a highly competitive market in Japan requiring both a high level of technology and a very competitive cost structure. In this environment and in order to reinforce their competitiveness and growth in this important field of activity, Japan Air Gases and Iwatani International Corporation intend to merge their respective cryogenic equipment manufacturing business.
To achieve this, Japan Air Gases and Iwatani International Corporation plan on combining their cryogenic equipment manufacturing business in one company, which will enable a more effective utilization of each other’s resources as well as create an efficient platform to accelerate their development in particular in the field of high added value equipments and services. This company will be established by integrating Iwatani Industrial Gases’ cryogenic equipment activity in Mitoyo-gun, Kagawa prefecture into Japan Air Gases’ A-TEC Ltd. in Akashi-city in Hyogo prefecture (A-TEC was already successfully consolidated in 2003 with AL Japan’s cryogenic manufacturing at the start of Japan Air Gases).
Japan Air Gases and Iwatani International Corporation regard this merger of their cryogenic manufacturing activities as a very important step towards reinforcing their long term alliance for the efficient utilization of industrial resources in the field of Industrial and Medical Gases.
Details of the new company are as follows:
| 1. |
Company Name |
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not yet decided |
| 2. |
Nominal Capital Stock |
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50 Million Yen |
| 3. |
Investment Ratio |
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Japan Air Gases 60% Iwatani Group 40％ |
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Headquarter and Plant |
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20-1, Minamifutami, Futami-cho, Akashi-city, Hyogo prefecture |
| 5. |
Employees |
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69 (tentative) |
| 6. |
Estimate Sales |
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4.5 Billion yen (2006 |
| 7. |
Scope |
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Manufacturing (and related services) of small, medium and large-scale cryogenic tanks, containers and vehicles for liquefied air gases, Hydrogen and LNG. |
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Japan Air Gases Ltd. (Headquarter: Tokyo, Capital: 10,509 million yen, President & CEO Guy SALZGEBER) was established in January 2003, on the purpose of integrating the industrial and medical gas businesses of Air Liquid Japan Ltd. (established in 1907) and Osaka Sanso Kogyo Ltd. (established 1934) and conducts business activities in Japanese market. Parent companies of Japan Air Gases Ltd. are 2 worldwide leading companies in the industrial and medical gas business, Air Liquid Group (France 55%) and BOC Group (U.K. 45%). Utilizing its parent companies’ global technology and experiences, Japan Air Gases Ltd. is able to supply the most advanced solutions.
Iwatani International Corporation (Headquarters: Tokyo & Osaka, Capital: 20,096 million yen, President: Akiji Makino), since it was established in 1930, has become specialized initially in the gas and energy business, and now its business domain includes “energy trade & living essentials”, “industrial gases & machinery”, and “materials & electronics”. In the 21st century, it will put even more value into all the products and services and will continue to provide top quality attention to all the customers.
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Contact: Tanaka, Masakazu; Toyoyama, Shun, Communication Dept. Communication Group,
Japan Air Gases Ltd.
TEL：03-3536-2642 URL：http://www.japanairgases.co.jp/
Contact: Akira Shimamoti, Public Relations Dept.
Iwatani International Corporation
TEL: 03-5405-5851 URL: http://www.iwatani.co.jp/
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