Tomoe Shokai and Samator, which is Indonesia’s largest industrial gas company, have agreed to work in a joint venture and have launched a new company called Samator Tomoe.
As reported in the Gas Review, in issue number 358, the new business will specifically involve the following,
The company will be capitalised at $2 million (with authorised capital of $8 million). Samator will acquire 51% of the shares and Tomoe Shokai will obtain 49%. The company was established in the summer of this year, with EO filling and sales are scheduled to commence in January 2013.
The joint venture will take such high pressure gases to be marketed as nitrogen, oxygen, argon, hydrogen, and carbon dioxide from the Samator Group. For sterilisation gas, liquid carbon dioxide will be obtained from the Samator Group, while Tomoe Shokai will procure the crude EO, with the JV handling the marketing.
The company will be based at Jababeka Industrial Estate, located in Bekasi Prefecture in Western Java.