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tnsc-to-step-up-presence-in-thailand-with-acquisition-of-air-products-industry-co-api
tnsc-to-step-up-presence-in-thailand-with-acquisition-of-air-products-industry-co-api

TNSC to step up presence in Thailand with acquisition of Air Products Industry Co. (API)

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Taiyo Nippon Sanso Corporation (TNSC), together with a newly established joint venture (JV) in Thailand, has acquired Thai industrial gas producer Air Products Industry Co., Ltd. (API).

API achieved net sales of ¥4.2bn ($30m) in 2014 and has around 290 employees across its head office in Bangkok and business bases including Chonburi, Ayutthaya , and Lamphun.

The deal is seen as a further reinforcement of TNSC’s growing footprint in Southeast Asia, and the rapidly rising Thai market in particular.

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