Investor Presentation: 電子材料・ファインケミカル：事業ポートフォリオ改革銘柄に引き続き注目

Research evidence excerpt

Investor Presentation: 電子材料・ファインケミカル：事業ポートフォリオ改革銘柄に引き続き注目

FoundationM

産業ガス事業の概要

Air Separation Gases Other Gases

Air Separation Unit

Storage tank for liquid gases On-site

Air

Major supply destination (Sector)

Steel Petrochemical Refinery

We establish production plants in the vicinity of

Oxygen Nitrogen the customer. A form of direct connection and

O2 N2 constant supply of pipes.

(Large-scale supply) Refining by-product gas from chemical factories and gas transported overseas

Supply via pipeline

Oxygen Bulk

CO2 H2 He LP Gas

O2 Major supply destination (Sector)

Manufacturing

Automobile Shipbuilding

Nitrogen Glass/ Paper

N2 Construction Pharmaceutical Food/

Tank truck machinery Medical beverage Tank truck

LCP Photovoltaics Semiconductor

Argon

We install a storage tank for liquefied gas in the

Ar customer's premises. A form of supply according

to the method of use of gas.

(Medium-scale supply)

Supply via Liquid gases form Supply via Liquid gases form

Packaged

Filling station Filling station

Advanced

Homecare Sanitation

Flatbed truck medicine Flatbed truck

Engineering Construction/

R&D

development Installation

We deliver filling containers (cylinders) to

customers. A form of supply according to the

method of use of gas.

(Small-scale supply)

Supply via Cylinder Supply via Cylinder

Source: Company data (Nippon Sanso HD), Morgan Stanley Research

Morgan Stanley MUFG 35