MATHESON and Daedeok Gas Co., Ltd. Announce Helium Supply Agreement
Basking Ridge, NJ – August 11, 2015 - MATHESON and Daedeok Gas Co., Ltd. (“DDG”) announced that the two companies recently entered into a long term helium supply agreement. Under this agreement, MATHESON will fill 11,000 gallon liquid helium containers and ship them to DDG’s transfill facility in South Korea. Daedeok will transfill the helium into tube trailers, cylinders and dewars at their Gunsan facility, South Korea and resell it throughout South Korea. DDG’s helium filling station is expected to start up during the second half of 2015.
“This agreement is another example of the benefits offered by our supply reliability and the confidence our customers have in MATHESON.” said Steve Eckhardt, Director, Helium Sourcing and International Sales, MATHESON. “We are excited to enter the South Korean market with a strong local helium dealer and look forward to supporting DDG as they expand their helium business in the coming years.”
“MATHESON is a global helium supplier and we are confident in their ability to deliver the products and service we need.” said Yu-Shin Park, President of DDG. “This Agreement will further strengthen our industrial gas supply position in the fast-growing western region of the country.”
MATHESON manages the global helium business of its parent company, Taiyo Nippon Sanso Corporation (“TNSC”), under the name Matheson Global Helium.
MATHESON is a single source for industrial, welding and safety supplies, medical, specialty and electronic gases, gas handling equipment, high performance purification systems, engineering and gas management services, and on-site gas generation with a mission to deliver innovative solutions for global customer requirements. MATHESON is the largest subsidiary of the Taiyo Nippon Sanso Corporation Group, one of the five largest suppliers of industrial, specialty, and electronics gases in the world.
DDG is one of Korea’s largest gaseous helium dealers and a leading dealer of liquefied gases and hydrocarbon products. The company achieved net sales of $20M in 2014 and has around 80 employees across its head office in Incheon and business bases including Cheonan, Gunsan, and Gochang.