Air Water has invested JPY500 million to reinforce the production capacity of Taylor Wharton Malaysia (TWM) which is perceived as one of the world-class production bases of cryogenic equipment.

TWM had been a Malaysian subsidiary of US Taylor Wharton before it went bankrupt in 2015. When the split sale of business was proceeded, all the shares of TWM was transferred to Air Water.

Even after being affiliated by Air Water in 2016, TWM has substantially expanded its sales channel and obtained more orders to supply worldwide with the effect of consecutive acquisitions of TOMCO (CO2 gas equipment manufacturer) and CVA (cryogenic transport equipment manufacturer) by Air Water in addition to the various cryogenic devices like cryogenic tanks and PLCs as well as the product lineup like vacuum insulation piping and evaporators.

This investment is intended to meet such an increasing demand mainly in North America. The business scale of TWM was at a level of JPY2 billion at the time of acquisition, but expanded to JPY3.8 billion in the next year. Furthermore, in the ongoing midterm business plan the company aims to increase the figure up to JPY4.3 billion by the end of March 2021. In that sense, the capital investment in TWM was an indispensable way to go already planned.

Practically, the investment includes the construction of two buildings for production in the unused space on the premises to provide an adequate production site. The flow line has also been enhanced to make more efficient production system. In addition, the company added Micro Bulk and PLC for beverage carbon which have not been produced. The micro bulk is planned to produce various products of an inside volume ranging from 500 ℓ to 3000 ℓ. A system to produce ISO containers has also been provided.

As for a cryogenic tank, the production capacity of 30 units per month has been raised to 50 units. The capacity for PLC has been kept at a level of 1,000 units. The current destination of TWM products accounts mostly for 40% to North America, 40% to Asia and Middle East and 20% to Japan, etc. However, the weight to North America will become higher because there are quite stable orders for carbon dioxide containers for beverage use in North America .