Largest Korean industrial gases company Daesung Industrial Gases has signed a contract for a new air separation unit (ASU) in Guangzhou, China.
Daesung established its China branch, Daesung (Guangzhou) Gases Co. Ltd, back in January 2013 with an investment of around $75m, equipped with both an ASU and specialty gases plant to supply gases to LG Monitor (China) and other companies.
The company has reportedly just signed a contract with Hangzhou Hangyang, the largest air separation plant manufacturer in China and a local industrial gas business player, for a 30,000 Nm3/h nitrogen ASU for its second phase of development.
When put into operation, the ASU will also supply the LG Monitor 8.5 Generation OLED facility.
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