Matheson Tri-Gas anticipates completing its new air separation unit in Vernon, California by the end of this month, which is ahead of the originally announced schedule of the first quarter of 2007.
This new capacity was projected to satisfy market demand through 2010 with additional capacity to be added to supply the projected market demand all the way through 2015 as needed. Strong current sales and projected continued demand growth has caused the schedule to add capacity to be updated.
Indications are that our initial investment in capacity will be loaded ahead of schedule requiring us to accelerate expansion plans, said James Samples, president and COO of Matheson Tri-Gas.
This will help us deliver on our commitment to support the growth of business in all our business segments, particularly in Southern California, added chairman and CEO, Bill Kroll.
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