Industrial and Medical Gases rebrands for competitiveness
Industrial and Medical Gases Nigeria PLC (the frontline manufacturer of industrial and medical gases in Nigeria) has rebranded to expand the operation, grow income and scale up the shareholder value. The company, formerly called BOC Gases publicly announced its new name: Industrial and Medical Gas Nigeria PLC and unveiled its logo in a ceremony that […]
Industrial and Medical Gases Nigeria PLC (the frontline manufacturer of industrial and medical gases in Nigeria) has rebranded to expand the operation, grow income and scale up the shareholder value.
The company, formerly called BOC Gases publicly announced its new name: Industrial and Medical Gas Nigeria PLC and unveiled its logo in a ceremony that attracted eminent investors.
In August this year, The Linde Group sold its controlling ownership of 60% to TY Holdings, a group of company, which has several business interests in various sectors of the Nigerian economy.
The Company’s Managing Director and Chief Executive Officer, Mr Ayodeji Oseni said the company is more positioned to expand its operations, introduce more innovative products and enhance shareholder value.
Oseni said: “ We are all very excited about the bold and ambitious commitments that have been made by our new investor, the TY Holdings. These commitments will lead to additional plant procurement with accompanying facilities, strategic development of manpower, growth and development and business expansion within Nigeria and West Africa to name but a few.”
In his welcome address, the Chairman, Mr Abiodun Alabi, explained that the rebranding was necessitated by the Board’s determination to strengthen the company’s operations, following its acquisition of 60 percent stake by TY Holdings
Incorporated in 1959, the company was founded in Nigeria as Industrial Gases Limited, (IGL). It became a Public Liability Company and exactly 38 years ago. Its establishment of a relationship with the BOC brand and led to the change of name to BOC Gases Nigeria Plc and shortly after became a member of The Linde Group via the acquisition of majority shares by The Linde Group in the BOC entity.