Air Products Takes Majority Ownership In Largest Industrial Gas Company in Taiwan
Since 1987, Air Products has had a joint venture arrangement with San Fu, holding just under a 50 percent interest in the company. The Taiwanese shareholders, who formed the business in 1952, will remain a partner in the joint venture. Financial terms of the transaction were not disclosed.
San Fu is a full-service industrial gas and chemical company with a broad product portfolio supplying specialty gases, electronic piping and equipment, liquid/bulk gases, pipeline/on-site gases and chemicals to the Taiwan marketplace. With estimated sales revenue of NT$7.0 billion (U.S. $200 million) in 2001, the majority of the company's customer base is in electronics, chemical process industries, metals and merchant markets.
Most read news
Topics
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.