BOC expands leadership position in China
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BOC, the number one industrial gases company in Asia, has further expanded its leadership position in China by signing a major contract for the supply of oxygen to the Taiyuan iron and Steel Corporation (TISCO), located in the Shanxi province of north-central China.
The contract calls for an investment of over USD 80m (GBP 50m) by BOC-TISCO, the joint venture between BOC and TISCO. BOC-TISCO will install two additional air separation units (ASUs) at TISCO's steel plant to increase the supply by 2,800 tonnes a day of oxygen, as well as significant quantities of nitrogen and argon.
When the ASUs begin operating at the end of 2005, the complex, which currently supplies 1,500 tonnes a day, will be the largest third party gases supply scheme in China.
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