Expansion of Overseas Operations Through the Acquisition of an Industrial Gas Business in Southern India
First written in FY2020-Q3. 4 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
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- FY2026AdvancedAnnual report
「In India, the Global Engineering Unit strengthened its gas supply infrastructure by launching new onsite plants for the steel industry and its own liquefied-gas plants. However, plant operations remained unstable throughout the period due to prolonged maintenance at customers' blast furnaces and other factors.」
Following the acquisition of businesses in southern India and elsewhere, the company has moved to launch new on-site plants and its own liquefied gas plants overseas, while prolonged maintenance at a customer's blast furnace has caused operational instability. - FY2024-Q3AdvancedAnnual report
「In India, the company won a new order for an on-site gas supply project for a steel plant operated by SAIL (Steel Authority of India Limited), a state-owned steel corporation. Construction of a liquefied gas production base in southern India and a gas filling base in the north progressed as planned.」
For its industrial gas platform, including its southern India operations, the company describes winning projects for SAIL and progress in constructing a liquid gas production site. - FY2024-Q1AdvancedAnnual report
「In the overseas and engineering businesses, strong demand continued in India for both on-site gas supply to the steel industry and external gas sales supplied by tank trucks and cylinders, and performance remained firm.」
Following the acquisition of the southern India business, demand for both on-site and merchant supply in the overseas industrial gas business has remained high, and the operating base is functioning. - FY2020AdvancedAnnual report
「The group will strategically leverage its existing resources, including Ellenbarrie Industrial Gases Ltd., together with the business platform it has already established in eastern India and the platform in southern India to be acquired through this business transfer, with the aim of establishing a strong position in India's industrial gas market.」
The company is advancing the acquisition of the southern India business to the stage of leveraging its business base across India by connecting it with the existing resources of the eastern business and Ellenbarrie. - FY2020-Q3AchievedAnnual report
「Through its Indian subsidiary Air Water India Private Limited, the company entered into an agreement with Linde India Limited, referred to below as Linde India, dated 22 November 2019, to acquire the business operated by Linde India in southern India involving the production, sale and supply of oxygen, nitrogen and argon. The company completed the acquisition from Linde India on 16 December 2019.」
The Company acquired Linde India's oxygen, nitrogen and argon business in southern India on 16 December 2019. This completed the acquisition of a business following the eastern India business and advanced the expansion of the overseas industrial gas business through Air Water India.