BOC Wins New Oxygen Business in South East Asia; Plant Set to Begin Operating in June

BOC has been awarded a multi-year contract to supply oxygen via pipeline to Siam Asahi Technoglass Co. Ltd. (SAT) located at Laem Chabang Industrial Estate, Chonburi province, 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 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), 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.

600450 BOC Wins New Oxygen Business in South East Asia; Plant Set to Begin Operating in June
Date: 8 June 2004

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