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Company : Business Wire 
Friday, October 1, 2004 9:54AM IST (4:24AM GMT)
 
( BW)(TAIYO-NIPPON-SANSO)
Nippon Sanso and Taiyo Toyo Sanso Successfully Merge
Tokyo, Japan

Nippon Sanso Corporation(JP:4091)has successfully completed its merger transaction with Taiyo Toyo Sanso Corporation(JP:4103). "Taiyo Nippon Sanso Corporation," as Japan's largest and most influential industrial gas company, will strive to achieve 400 billion yen in sales (approx. 3.6 billion US dollars) by fiscal year ending March 2008. By combining and maximizing their technological and commercial strengths, they will conduct their core business development activities in Japan, and will also focus and pursue business in the exploding economy of mainland China, as well as in the world's economic center, the United States. With approximately 240 affiliated and subsidiary companies, a significant business presence in 11 countries, including the United States, and over 7,000 employees worldwide, Taiyo Nippon Sanso will focus its resources in their core markets: electronics, medical and on-site plants, and is resolved to compete aggressively in the global arena.

The definition of the new corporate logo is "transparent and clean," and is meant to illustrate the seamless integration of state-of-the-art technology with nature. This new business philosophy will become the basis of all of their business activities. "Through our 'transparent' management directives and communications, we will increase our corporate value, extending that benefit to our shareholders," shared Hiroshi Taguchi, President of the newly formed company.

Mr. Taguchi continued, "Employing this transparent management approach, it is our mission to increase our overall effectiveness to better serve our customers and society. We have incorporated 'clean' in our new business philosophy, and I want to emphasize that we will comply with government and regulatory bodies, and will abide by our corporate governance guidelines. We must also endeavor to positively contribute towards environmental issues and to the communities we serve. Furthermore, as a leading industrial company, we must execute on our commitment to safety and quality assurance, as the foundation of our global operations."

Taiyo Nippon Sanso sees the completion of this merger transaction as a fresh starting point, and will boldly walk forward together as one company starting today.

Taiyo Nippon Sanso Corporation is a leading global industrial gases manufacturer, operating in a wide variety of businesses such as plant construction, semiconductor and diversified medical fields. Their business activities are supported by cryogenic, high-pressure, vacuum, and gas control technologies, and they are committed to innovative product and systems development, based on their proprietary technologies.

 
 
 
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