BOC plays major role in China industrial development
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BOC is now the primary industrial gases supplier for two of China's major industrial parks.
BOC has won more than 90 percent of the gases business in both the China-Singapore Suzhou Industrial Park (SIP) and the Suzhou New District (SND). Both parks are located in Jiangsu province and have jointly attracted more than US$6.0 billion in foreign direct investment from semiconductor manufacturers and electronics, pharmaceutical, information technologies and fine chemical companies.
As the first industrial gases company to invest in China two decades ago, BOC has helped fuel the growth of the Chinese industrial economy, particularly in the chemicals, electronics and metals industries. Today, through its three lines of business and several joint venture companies, BOC's investments in China total more than US$400 million.
For example, BOC's wholly owned subsidiary in Suzhou -- BOC Gases (Suzhou) Co., Ltd. -- has invested millions of dollars in the construction of pipelines and new on-site supply schemes to meet increasing demand for industrial gases from key customers in SIP and SND.
n addition to investing in pipeline infrastructure in SIP/SND, BOC's Process Gas Solutions line of business has recently initiated important projects with: YPC, a subsidiary of Sinopec, the leading chemicals group in China; Taiyuan Iron and Steel Corporation (TISCO), the largest stainless steel producer in China; and Guangzhou Iron and Steel (GIS), a major steel producer in China with an annual steel production capacity of 3.5 million tons. BOC's Process Gas Solutions line of business is a leading supplier of gas and related solutions to the glass, petroleum, chemicals, water services, electronic packaging, fiber optics, hydrogen energy, metals and food industries.
BOC Edwards, BOC's line of business that provides equipment, materials and services for the global semiconductor industry, is also well-positioned to meet the needs of its customers in China. BOC Edwards has logistics and customer service teams in place, including an operations hub in the Shanghai Wai Gao Qiao Free Trade Zone, to support its equipment in China's rapidly growing number of chip fabrication facilities (fabs). Equipment installations include high-purity special gas generating plants, chemical and gas supply systems, gas exhaust management systems and over 1800 vacuum pumps. More than 20 new wafer fabs are planned for China in the next five years.
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