Consisting of Nikkiso Cryo, Inc. (Las Vegas, Nevada) and Cryogenic Industries, Inc. (Temecula, California) and its subsidiaries, ACD, LLC, Cosmodyne, LLC, and Cryoquip, LLC, the group will provide innovative equipment and solutions in liquid gases and beyond.
According to the statement, the group’s creation involves the strengthening and development of five functional units of the companies. The Cryogenic Pumps unit aligns ACD’s and Nikkiso Cryo’s lines of pumps. The Cryogenic Process Systems unit incorporates turboexpanders along with LNG and air separation plants. The Heat Exchanger Systems unit focuses on cryogenic vaporisers, LNG and industrial gas equipment. The Cryogenic Services unit provides service and support through a broad network of global facilities. In addition to this, a newly created Integrated Cryogenic Solutions unit will allow for centralised management of product and project development across channels and in multiple market segments. Through joint research and innovation, the group will provide increased engineering and systems solutions for market development.
Peter Wagner, President and CEO of Cryogenic Industries, “One key benefit of our new business approach is the capacity to expand our offerings and provide a comprehensive product line for clean energy such as LNG and hydrogen, in addition to our existing line of products for industrial gases. We’re calling this segment our ‘One Clean Energy Group’.
“We are looking forward to working together with Nikkiso Cryo as Nikkiso Cryogenic Industries Group, with our shared experience, resources and commitment to quality. This will allow us to focus more closely on our customers’ needs, providing individual support, service and solutions.”
The functional consolidation will provide the opportunity for a more expansive look at the customer’s product experience and extend the Group’s global reach across increased markets. The full integration will take place over the next few months.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05032019/nikkiso-cryogenic-industries-group-announces-its-consolidation/