BOC Wins New Oxygen Business in South East Asia; Plant Set to Begin Operating in June.Business Editors MURRAY HILL Murray Hill may refer to one of the following places:
BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. (NYSE NYSE See: New York Stock Exchange :BOX) has been awarded a multi-year contract to supply oxygen via pipeline to Siam Asahi Technoglass Co. Ltd. (SAT) located at Laem Chabang Laem Chabang (Thai: แหลมฉบัง) is a township (thesaban tambon) in Chonburi Province, Thailand. Industrial Estate, Chonburi province Chonburi (Thai: ชลบุรี) is a province (changwat) of Thailand. Neighboring provinces are (from north clockwise) Chachoengsao, Chanthaburi and Rayong. To the west is the Gulf of Thailand. , Thailand. The oxygen plant that will supply SAT is expected to begin operating later this month. Under the contract, worth nearly $30 million, Eastern Industrial Gas, a BOC joint venture company, will supply the oxygen to SAT, a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of Asahi Glass Company, for use in its production furnaces. SAT, which manufactures display glass for televisions at its Laem Chabang site, is in the process of converting from an air-fuel to an oxyfuel glass melting system. Steve Hope, vice president, glass markets, BOC, said, "BOC's relationship with Asahi, a major global customer, has resulted in a mutually beneficial, strategically important contract, which reinforces BOC's position as the leading industrial gases supplier to the glass industry in Asia." Theera Sayamipakdi, general manager of Thai Industrial Gases (TIG n. 1. A game among children. See Tag. 2. A capacious, flat-bottomed drinking cup, generally with four handles, formerly used for passing around the table at convivial entertainment. ), a BOC company, said, "Besides generating significant revenues, this contract provides BOC with the base load for a large pipeline customer grid. It makes BOC a leading oxygen supplier in Thailand and sets the stage for further growth in Southeast Asia." Glass manufacturers look to BOC for its knowledge, skill and experience in delivering reliable engineered solutions for their combustion technology and glass process requirements. BOC's glass experts have years of industry experience and are focused on designing and delivering solutions that address our customers' productivity, environmental and economic challenges at their facilities worldwide. The BOC Group (NYSE:BOX), the worldwide medical and industrial gases, vacuum technologies and distribution services company, serves two million customers in more than 50 countries. It employs more than 44,500 people and had annual sales of over $7 billion in 2003. Further information about The BOC Group may be obtained on the Internet at http://www.boc.com |
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