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News

HKO to build new air separation plant to support GIS expansion

BOC Gases : 23 September, 2006  (Company News)
Hong Kong Oxygen, a joint venture between BOC and Air Liquide, will construct a new air separation unit to supply Guangzhou Iron & Steel
Hong Kong Oxygen, a joint venture between BOC and Air Liquide, will construct a new air separation unit to supply Guangzhou Iron & Steelís steel making operations in the Pearl River region of southern China.

HKO and GIS will construct the new 8000m3/h ASU through their joint venture company, GKIG. GIS is a major steel producer in China, with an annual production capacity of 3.5 million tons.

HKO and GIS have worked together since the early 1990s as a joint venture partnership to supply oxygen via pipeline to two steel sites and supply bulk and compressed gases to the merchant market within the Pearl River Delta.

'HKO is making this significant investment to support GISís expansion, which reflects the strong demand for steel in China,' said Jim Le of HKO. 'The steel industry is one of the fastest-growing industries in China,' he added. 'Ninety percent of the capacity growth for steel worldwide has taken place in China in the past three years, and we are working hard to help our steel customers in China meet their growth expectations.'

HKO Group (Hong Kong Oxygen) is jointly owned by The BOC Group and LíAir Liquide. The company was formed in 1959 to serve the Hong Kong market but since the early 1990s has been developing a leading market position within the increasingly important South China region.
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