Taiyo Nippon Sanso

Taiyo Nippon Sanso Corporation (大陽日酸株式会社, Taiyō Nissan Kabushiki-gaisha), commonly known as TNSC, is a Japanese multinational industrial gas manufacturer incorporated in the year 1918 as Nippon Sanso Corporation.

Taiyo Nippon Sanso Corporation
Native name
大陽日酸株式会社
Public KK
Traded asTYO: 4091
ISINJP3711600001 
IndustryChemicals
Health care
Engineering
Founded1918
Headquarters
Shinagawa-ku, Tokyo 142-8558
,
Japan
Area served
Worldwide
Key people
Yujiro Ichihara
(President and CEO)
Products
Services
Revenue JPY 850.2 billion (FY 2019) (US$ 7.8 billion) (FY 2019) [1]
JPY 53.3 billion (FY 2019) (US$ 489 million) (FY 2018)
Total assets JPY 1.75 Trillion (FY 2019) (US$ 16 Billion) (FY 2019)
Number of employees
19,229 (consolidated, as of 31 March 2019) [2]
ParentMitsubishi Chemical Holdings (50.5%)[3]
SubsidiariesThermos
Matheson Tri-Gas
Leeden
WebsiteOfficial website
Footnotes / references
[4][5]

The company is Japan's largest industrial gas producer and among top five industrial gas suppliers in the whole world.[6] The company currently operates in more than 30 countries worldwide via its own name and subsidiaries. The company holds the brand Thermos under its umbrella and a leading supplier of related household goods.

TNSC is headquartered in Toyo Bldg., 1-3-26 Koyama, Shinagawa-ku, Tokyo in Japan with more than 50 subsidiaries and affiliates in other countries. On 13 May 2014, TNSC and Mitsubishi Chemical Holdings announced that an agreement had been reached whereby Taiyo Nippon Sanso would become an affiliate of Mitsubishi Chemical, which is a part of the core Mitsubishi group.[7] Subsequently, Mitsubishi chemical increased its stake in the company to 50.5%.[6]

History

1910 – established as the Japan Oxygen joint-stock company.

1911 – the start of oxygen production in the Osaki factory.

1918 – Renamed to Nippon Sanso Corporation and the company formally founded on 19 July.

1934 – air separation unit for making, Kamata factory (Tokyo, Ota-ku, newly established).

1935 – First air separation unit completed for domestic usage

1954 – established the Kawasaki plant, liquefied oxygen (Japan's first) and high-purity nitrogen, argon started manufacturing.

1955 – Tokyo factory (formerly Kamata factory) was separated, and Nippon Rika Kogyo Co., Ltd., changed its name to Nippon Sanso Corporation its trade name.

1971 – the first time in the world of LNG cold energy utilization air separation unit, completed in Tokyo liquefied oxygen (Ltd.).

1989 – Thermos Japan acquisition[8] and acquisition of Matheson (compressed gas & equipment)

1999 – Matheson and Tri-Gas Company merged to become Matheson Tri-gas

2001 – A spin-off household products business, Thermos Ltd., was established.

2003 – Acquired plant engineering division of Hitachi's Air separation units.

2004 – by the merger of Nippon Sanso Corporation and Taiyo Toyo Sanso Co., Ltd., changed its name to the Taiyo Nippon Sanso Corporation

2006 – Acquired all shares of Hitachi Oxygen, Ltd. as a wholly owned subsidiary.

2007 – is with Japan Carbonate Co., Liquefied Carbon Dioxide Co., Ltd., as well as a holding company to integrate the carbon dioxide business of Japan Liquid Charcoal Holdings Co., Ltd. and Taiyo Nippon Sanso, Japan Liquid Charcoal launched the Corporation.

2009 – Acquired Valley National Gases via its subsidiary Matheson Tri-Gas.[9]

2010 – Acquired majority shares of K-Air Specialty Gases to begin operation in India and agreed to build first ASU in India.[10]

2012 – Acquired Leeden ltd for its operations in Malaysia and Singapore.[11]

2013 – Nichikita Oxygen (in Hokkaido Group Companies) renamed to Hokkaido Sanso.

2014 – Acquired by Mitsubishi Chemical Holdings Group(MCHG) to become as a consolidated subsidiary.[3]

2014 – Acquired Continental Carbonic Products, Inc. in US and becomes largest independent supplier of Dry Ice in US.[12] 2015 – Acquired Thailand based Air Products Industry and Australian industrial gas company Renegade Gas Pty Ltd.[13][6] 2016 – Acquired Chinese company Jilin OLED Material Tech and US company Sulfa Trap[14][15]

2016 – Agrees to acquire 18 air separation plants and eight other plants of Air Liquide, US. The deal also includes acquisition of three retail stores of Airgas, a subsidiary of Air Liquide[16]

2016 – Agrees to acquire Supagas of Australia for US$225 million . After this purchase, TNSC improves its global market share to 7%.[6]

2018 – Acquired SAIL Technologies, Inc. to foray into Amino Acid segment.

2018 – Acquired Europe operation of Praxair [17]

2018 – Acquired 5 HyCO plants of Linde North America [18]

Industries served

TNSC's primary products are:

Electronics Materials and Equipment, including high purity gas, gas mixtures, purification devices and other hardware and services – provides stable supplies of nitrogen and various material gases to the electronics industry. They also supply equipment such as small-scale nitrogen generators, MOCVD equipment and exhaust gas abatement systems.[19]

Industrial Gas – TNSC provides stable supplies of industrial gases such as oxygen, nitrogen and argon to a wide range of industries, including the steel, chemical, electronics, automobile, construction, shipbuilding, and food industries. In addition to developing and manufacturing gas-applied devices and equipment, they also play a vital role at the forefront of science and environmental preservation and are actively engaged in the national hydrogen project.[19]

Plant and Engineering – This division manufactures air separation plants, space simulation chambers and equipment related to liquid helium.[19]

LP Gas – This division supplies LP gas for use in a wide variety of applications including taxis and other commercial vehicles, air conditioners, and aerosol propellants.[19]

Housewares and related goods – This division makes Thermos-branded products, as well as stainless steel water bottles.[19] Under its former name Nippon Sanso K.K., the company developed the world's first stainless steel vacuum-insulated bottle in 1978,[20] vacuum bottles and related supplies.

References
  1. "Company details" (PDF).
  2. "Company details".
  3. Fujikawa, Megumi (13 May 2014). "Mitsubishi Chemical to Buy Taiyo Nippon Sanso". The Wall Street Journal. Dow Jones & Company. Retrieved 26 April 2017.
  4. "Corporate Data". Taiyo Nippon Sanso. Retrieved 26 April 2017.
  5. "Company Profile". Nikkei Asian Review. Nikkei Inc. Retrieved 26 April 2017.
  6. "Taiyo Nippon to buy Australian gas maker". Nikkei Asian Review. Nikkei Inc. 22 November 2016. Retrieved 26 April 2017.
  7. "Taiyo Nippon Sanso to become an affiliate of Mitsubishi Chemical Holdings". The Gas Review - Gasmos. K.K. Gas Review. Retrieved 26 April 2017.
  8. Radnedge, Stuart (16 June 1989). "Thermos Co. to Be Sold to Japanese Firm". Los Angeles Times. Retrieved 13 November 2018.
  9. "Matheson Tri-Gas to acquire largest independent industrial gas distributor in United States" (PDF). Taiyo Nippon Sanso. 30 March 2009. Retrieved 26 April 2017.
  10. Healy, Rhea (18 February 2016). "Taiyo Nippon Sanso renames Indian subsidiary and makes it direct affiliate". Gasworld. Retrieved 26 April 2017.
  11. Radnedge, Stuart (6 August 2012). "TNSC completes acquisition of Leeden". Gasworld. Retrieved 26 April 2017.
  12. "Japan's top industrial gas producer to acquire US CO2 giant". Nikkei Asian Review. Nikkei Inc. 14 February 2014. Retrieved 26 April 2017.
  13. Cockerill, Rob (8 June 2015). "TNSC to step up presence in Thailand with acquisition of Air Products Industry Co. (API)". Gasworld. Retrieved 26 April 2017.
  14. Healy, Rhea (31 March 2016). "Taiyo Nippon Sanso Corporation acquires the global sales rights of Jilin OLED products". Gasworld. Retrieved 26 April 2017.
  15. Healy, Rhea (28 January 2016). "Taiyo Nippon Sanso invests in desulphurisation sorbents company SulfaTrap". Gasworld. Retrieved 26 April 2017.
  16. Cockerill, Rob (24 June 2016). "Airgas acquisition: Air Liquide announces divestiture of US assets to MATHESON". Gasworld. Retrieved 26 April 2017.
  17. Owen-Jones, Jemima (3 December 2018). "Taiyo Nippon Sanso Corporation completes acquisition of Praxair's European businesses". Gasworld. Retrieved 30 December 2018.
  18. Burgess, Molly (13 December 2018). "TNSC acquires portion of Linde's HyCO business". Gasworld. Retrieved 30 December 2018.
  19. "Business of TNSC".
  20. History of the Thermos Company Kitchen Kapers
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