Kuching, Malaysia, 14 Aug 2011 – Malaysian Oxygen Berhad, a member of The Linde Group (MOX-Linde), today announced it has acquired the remaining 51 percent of the shares in Eastern Oxygen Industries Sdn Bhd (EOX) from BNDM Incorporated Holdings Sdn Bhd (BNDM), taking its ownership in EOX from 49 percent to 100 percent.
EOX is the leading industrial gases player in Sarawak, East Malaysia and operates from five sites strategically located in Sarawak – two sites in Kuching and one site each in Sibu, Bintulu and Miri. MOX-Linde, Malaysia’s largest industrial gases company, has been associated with EOX since 1975.
Mr Wong Siew Yap, Managing Director of MOX-Linde said, "EOX is the leading manufacturer and supplier of industrial, medical and specialty gases and welding and cutting equipment and consumables in Sarawak. MOX-Linde has moved to increase our holding in EOX to 100 percent as we are very confident about the growth prospects in East Malaysia, and wish to fully participate in the many opportunities we see here by taking strategic steps to strengthen our supply and service infrastructure in East Malaysia, including Labuan.”
Wong added, “Working with EOX’s dedicated and experienced team, we intend to continue to invest in East Malaysia to grow our footprint here and better serve existing and new customers, cementing our position as the leading industrial gases company in the country.”
Mr Sanjiv Lamba, Member of the Executive Board of Linde AG and Regional Business Unit Head for Linde South & East Asia, said, "The Linde Group is a global leader in gases and engineering, and Malaysia is a key growth market for the Group. Our investment in EOX reaffirms our long term commitment to expand our business across the country. Linde will continue to actively look for opportunities to invest in Malaysia and further grow our business in line with the country's economic and industrial growth."
Earlier this year, MOX-Linde officially opened its new RM200 million (EUR 47 million) air separation plant in Pasir Gudang, Johor, which is capable of producing over 500 tons per day of gases and liquid. Its Pasir Gudang facility is one of Malaysia’s largest air separation plants and the largest and only merchant plant strategically located in the south of the country. The company is currently constructing Malaysia’s largest carbon dioxide plant in Kertih, Terengganu with an investment of RM60 million (EUR 14 million). Over the past four years, MOX-Linde also invested approximately RM200 million (EUR 47 million) to bring on stream five plants located in Shah Alam, Penang, Banting, Kulim and Kuantan.