Japan Air Gases and Iwatani International Corporation merge their cryogenic equipment manufacturing activities
Japan Air Gases (JAG) will control 60% of the new company and Iwatani International Corporation 40%. The new company will be based at the site of A-TEC (close to KOBE) that is presently the production facility of JAG for cryogenic equipment manufacturing. It will have approximately 70 employees and expected sales of 4,5 billion yen in 2006.
Commenting on this agreement, Guy Salzgeber, President and CEO of JAG said: "This partnership between JAG and Iwatani for cryogenic equipment manufacturing will enable to provide state-of the-art cryogenic equipments and services to our respective customers. We also regard this as a very important step towards reinforcing the long term alliance between our two companies for the efficient utilization of industrial resources in Japan."
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