In 2010 Taiyo Nippon Sanso (TNSC) got Matheson K-Air India under its control through its affiliate Matheson Tri-gas in the Indian market, and has now changed the management structure to invest directly to the company as TNSC’s affiliated company changing the name into “Taiyo Nippon Sanso K-Air India (TNSK)” from November 1.

The group built up a new air separation unit (ASU) plant in 2014 in the city of Pune, Maharashtra State and has been planning to reinforce the industrial gas business in the remarkably growing Indian market. Particularly, during these years Japanese companies have been noticeably getting into the market. Judging that more efficient and practical business management would be carried out by follow-up from Japan instead of the indirect support by Matheson, TNSC has decided to make the company its direct affiliate by buying up Matheson’s portion of investment. From April of this year Japanese executives of the Singaporean subsidiary were dispatched to India for reinforcement of business with the local Japanese companies.

The TNSC group has been implementing M&A projects with mainly US and Asian companies in order to grow its overseas business, and is now entering the stage of reviewing the way of operation in harmony with the locality and market environments of business. In case of India, the group has judged to adopt the effective way of follow-up from Japan.

Regarding the outline of TNSK, the ownership is taken by TNSC (55%), the Indian partner (45%), Shigeyuki Osawa(Chairman) and Kiran Karnawat (CEO). With the latest scale of turnover of about 20 million dollars (equivalent to JPY 2.4 billion), the company headquartered in Nepu has an air separation plant and 3 cylinder filling locations, 2 specialty gas (including hydrogen chloride) stations, and 3 sales locations, with about 120 employees in total.