MURRAY HILL, NEW JERSEY, U.S., December 12, 2006 – BOC Gases, a member of The Linde Group, a world leading industrial gases and engineering company, has signed a multi-year contract worth over $20 million with Gerdau Ameristeel.
BOC, which now supplies Gerdau’s Knoxville, Tennessee, steel mill with liquefied oxygen and nitrogen, will construct an air separation unit to provide the mill with over 130 tons a day of gaseous oxygen and nitrogen. The capacity will support Gerdau’s plan to increase the mill’s long term competitive position.
The Knoxville mill recycles scrap metal to produce long products, such as rebar and plain rounds for customers. It is one of four Gerdau steel mills in the U.S. that BOC supplies under multi-year contracts.
Ray Carr, BOC tonnage business vice president, said, "BOC and Gerdau collaborated closely to develop a plan to accommodate the total site requirements. The solution we achieved will deliver optimal value to the site to support Gerdau’s growth targets and competitive position in the marketplace."
Arlan Piepho, vice president and general manager, Gerdau Knoxville, said, "Like Gerdau, BOC is focused on continual improvement. BOC aligned its objectives with ours to identify and reach a common goal that improves our overall plant economics."
The Linde Group is the world leader in the supply of industrial gases to the metals industry, supplying over $1.1 billion of gases each year to steel customers, or some 20 percent of the global steel industry’s total gases requirements.
Gerdau Ameristeel (NYSE: GNA) is a majority owned subsidiary of international steel producer, Gerdau S.A. based in Brazil. Gerdau Ameristeel is the second largest minimill steel producer in North America with annual manufacturing capacity of over 8.4 million tons of mill finished steel products. The company’s products are generally sold to steel service centers, to fabricators, or directly to original equipment manufacturers for use in a variety of industries, including construction, cellular and electrical transmission, automotive, mining and equipment manufacturing.
The Linde Group is a world leading industrial gases and engineering company with more than 53,000 employees working in around 70 countries worldwide. Following the acquisition of The BOC Group the company has gases and engineering sales of approximately $15 billion. The strategy of The Linde Group is geared towards earnings-based growth and focuses on the expansion of its international business with forward-looking products and services.
For more information, please see The Linde Group online at http://www.linde.com
BOC corporate communications