Messer Group sets up an investment company in Shanghai

Messer Group, the largest owner-managed industrial gas company in the world, on Wednesday said it had set up a US$30 million investment company in Shanghai after getting green light from China's Ministry of Commerce.

The new entity called Messer Griesheim China Investment Co, will act as the Chinese headquarters for its 10 subsidiaries and will hold shares of all Messer Group's investments in China. Its investment in China has accumulated to US$285 million since the mid 1990s, the company said.

The German company manufactures and supplies oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, inert welding gases, special gases, gases for medicinal use and a wide variety of gas mixtures.