Benson Industrial Gases Technology Corporation, established and invested by Benson Engineering Company Co., Ltd. in 2004,offering on site gas equipment and technical solutions that include design, manufacture, installation, and after-sales service to customers all over the world.
TAIYO NIPPON SANSO Corporation (TNSC) has invested Benson Industrial Gases Technology since November, 2013. TNSC, as an industrial gas manufacturer, they have been developing its PSA gas generators business, primarily within Japan for approximately 30 years, and their market is centered on replacement and has been stable, but there are concerns about the increasing number of Japanese companies shifting their operations overseas. Benson has a manufacturing base in Suzhou, China, and is operating a PSA gas generator business in the Asian region, so TNSC think that BENSON is a suitable and best business partner to be cooperated with.
To acquiring approximately 30% of its shares, TNSC are aiming to secure a stable supply of the high quality adsorbent agents which form the core technology in PSA gas generators. And at the same time to utilize the manufacturing, sales, and service network of BIG in the Asian region to accelerate the overseas development of the PSA gas generator business of TNSC.
TNSC and BENSON have the same business target, it is to enter the Southeast Asian and Chinese markets, in which growth is expected going forward, in order to expand mutual business.