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THE BOC GROUP ESTABLISHES NEW COMPANY IN NORTHERN CHINA

 THE BOC GROUP ESTABLISHES NEW COMPANY IN NORTHERN CHINA
 MURRAY HILL, N.J., Aug. 7 /PRNewswire/ -- A new industrial gases company has been established in Northern China by the BOC Group (Windlesham, U.K.), Airco's parent company.
 Tianjin BOC Industrial Gases Company Ltd. started business on Aug. 1, 1992 and is the result of a joint venture agreement between BOC and Hua Bei Oxygen in Tianjin.
 Hua Bei Oxygen is currently the major merchant gas company in Tianjin.
 The move gives BOC a major interest in the Beijing/Tianjin area, the second largest industrial region in China.
 The municipal government of Tianjin is one of the most progressive in China and has attracted significant foreign investment over the past 10 years. Tianjin's industrial base is mainly manufacturing and light industry.
 Pat Dyer, the BOC Group's managing director-gases said, "This joint venture represents another step forward in our strategy in China and we are now the biggest investor there among the international gas companies. We are well positioned in three of China's fastest growing regions, Tianjin/Beijing, Shanghai, and Guangdong. In each case, BOC is able to bring modern gas technology and management practices, which when combined with strong local management and specific market knowledge will considerably assist the development of a modern gas industry and the further industrialization of China."
 Airco Gases is a leading manufacturer and supplier of industrial gases and gas handling technology in the United States. The company's primary gas products include cryogenic and non-cryogenic nitrogen and oxygen, as well as argon, carbon dioxide, helium, hydrogen and a variety of medical, rare and special gases.
 Airco is a member of the BOC Group, the worldwide industrial gases, healthcare, vacuum technology and distribution services company operating in more than 60 countries and with sales last year of $5.2 billion.
 -0- 8/7/92
 /CONTACT: Martha L. Eckert of Airco Gases, 908-771-1491/ CO: BOC Group ST: New Jersey IN: CHM SU:


TS-OS -- NY008 -- 7904 08/07/92 09:28 EDT
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Date:Aug 7, 1992
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