Fresh from a rousing set of 2010 financial results, Messer has today consolidated its position in Vietnam with the signing of a 25-year supply contract with the Hoa Phat Group.
The deal is Messer’s second major supply contract with the Hoa Phat Group and will see the company invest up to $26m in the production facility.
Messer Haiphong, the Vietnamese subsidiary of the world’s largest privately run industrial gases specialist Messer, will guarantee the supply of gases to the second phase of Hoa Phat Steel Integrated Complex.
The new air separation unit (ASU) will produce some 1300 tonnes of air gases such as argon, oxygen and nitrogen per day, increasing Messer Haiphong’s current production capacity by around 250%. Messer is thereby consolidating its position in the industrial gases market in northern Vietnam and strengthening its relationship with Hoa Phat Group.
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