The expansion plans of INOXCVA received a boost recently when Standard Chartered Private Equity (SCPE) invested $45m approx. in a minority stake in the company.
The cryogenic storage and transportation equipment manufacturer plans to use the newly injected funds for its organic expansion plans and potential acquisitions.
One growth opportunity in particular for INOXVA is the rise of shale gas as a fuel source, which has increased demand for cryogenic storage equipment for LNG across the globe.
As a top five global player in cryogenic equipment manufacturing, INOXCVA is well placed to leverage these growth opportunities and Siddharth Jain, sponsor from INOX India Limited, commented, “INOXCVA is the supplier of choice for global industrial gas majors and oil services firms. Over the next few years our aim is to have a significant presence in all major global markets including Europe.”
“Our partnership with Standard Chartered will help us in leveraging the bank’s extensive reach and access its global oil and gas relationships.”
Electronic Fluorocarbons (EFC), headquartered in Massachusetts, utilizes the latest technology for the purification and microanalysis of its legacy fluorinated specialty gases and rare gases for the medical and electronics semiconductor manufacturing industries.
As we head in to 2018, we look back on a very interesting changing market for krypton (Kr), xenon (Xe) and neon (Ne) in 2017. Ne supply this year continued to increase as new plants came on-stream while the demand was growing slowly after the big decline of 2016.
Electronics manufacturing is a highly complex sequence of adding and subtracting material, with the resulting sum yielding circuits sometimes less than one hundred atoms wide. For over 50 years, Moore’s Law has driven an industry to make smaller devices on larger scales.
Linde Gases, a division of The Linde Group, has announced the launch of its worldwide safety program to improve the safe storage and transportation of acetylene cylinders by customers.
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