Taiyo Nippon Sanso (TNS) will invest in the Taiwanese PSA manufacturer Benson Industrial Gases (BIG) Technology, headquarted in Taipei and capitalised at ¥11.5bn – according to The Gas Review issue 380.
TNS will also underwrite some of the capital increase by third party allotment implemented by BIG. TNS will also acquire 30% of BIG stock – which was set to be transferred in November.
TNS has been engaged in developing its PSA gas generator business primarily in Japan during the past 30 years. Expanding its business overseas, primarily in Asia has become an urgent issue for further development of its PSA business. The company, therefore, signed an agreement with BIG regarding the commissioning of manufacturing with them.
As of last summer BIG has been marketing nitrogen PSA under the TNS brand name in Asia. The installation is handled by the BIG plant in Suzhou, and this investment contract is an extension of that relationship.
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