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UCIG EXPANDS ASIAN OPERATIONS WITH INDONESIAN ACQUISITION

 UCIG EXPANDS ASIAN OPERATIONS WITH INDONESIAN ACQUISITION
 DANBURY, Conn., May 26 /PRNewswire/ -- Union Carbide Industrial


Gases Inc. (UCIG) today underscored its intent to expand the company's presence in Asian markets, announcing the acquisition of a 49 percent ownership position in PT. Sepanjang Surya Gas (SSG), headquartered in the eastern Java port city of Surabaja.
 With annual sales at the rate of $8 million -- triple its 1990 performance -- SSG has operations throughout Indonesia to serve the country's growing demand for industrial gases in the iron, steel, welding, construction, petrochemical and retail markets. Founded in 1976, SSG became a publicly-held corporation in 1989. Its shares trade on the Indonesian stock exchange.
 "Our investment in SSG reflects UCIG's determination to enter new geographic markets with high-growth potential," observed UCIG President Edgar G. Hotard. UCIG's Asian operations include its Union Gas affiliate in South Korea, a new coatings service plant in Singapore, and its industrial gases affiliate in Japan, Iwatani Industrial Gases Corp.
 "The relationship with UCIG brings SSG closer to achieving its vision of becoming the leading industrial gas company in Indonesia," said SSG President Pudjianto. He emphasized that SSG's customer base and knowledge of Indonesia's economy, coupled with UCIG's advanced technologies and global expertise, will strengthen the company's ability to serve Indonesia's growing industrial markets.
 UCIG ranks as the largest industrial gas company in North and South America and one of three largest in the world, with 1991 consolidated sales of $2.5 billion.
 -0- 5/26/92
 /CONTACT: William E. Hoerger of UCIG, 203-794-6986/
 (UK) CO: Union Carbide Industrial Gases Inc.; PT. Sepanjang Surya Gas ST: Connecticut IN: CHM SU:


GK -- NY022 -- 3656 05/26/92 09:59 EDT
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Publication:PR Newswire
Date:May 26, 1992
Words:278
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