Matheson Tri-Gas, Inc., announced today that its parent company, Taiyo Nippon Sanso Corporation (TNSC), is in the process of making additional investments in the United States.
Hiroshi Taguchi, chairman of TNSC, said, $quot;We are confirming plans to dramatically increase our capacity for atmospheric gas products in the United States.$quot; Mr. Taguchi continued, $quot;We are planning to build three world-class air separation plants and can rely on the Matheson Tri-Gas team to ensure a solid return for our shareholders.$quot;
In further comment, Bill Kroll, chairman and CEO stated, $quot;The new air separation plants will be in southern California, the Midwest and central Texas, and we will continue to grow the infrastructure of our business in all our core markets.$quot;
The company further explained that the expanded bulk gas capacity in the Midwest is in support of Matheson Tri-Gas’ growth drive through its Linweld subsidiary, and the new plants in central Texas and southern California will enable the group to satisfy the increased demand in those markets.
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