BOC Group plc is the official name of a multinational industrial gas and a UK-based company better known as BOC , and is now part of the Linde Group. In September 2004, BOC had more than 30,000 employees on six continents, with sales of more than £ 10.6 billion. BOC is a constituent of the FTSE 100 and FT 30 Indexes. On 5 September 2006 BOC Group became part of the Linde Group of Germany and is no longer traded as a separate company.
Video The BOC Group
Histori
Tahun-tahun awal sebagai Brin's Oxygen Company (1886-1905) )
Oxygen Company Brin, Ltd. was formed in 1886, by two French brothers, Arthur and Leon Brin. In the early years, the company produced oxygen using a high-temperature barium oxide process, known as the Brin process, developed from the work of French scientist Jean Baptiste Boussingault. The main application for oxygen gas at that time was with respect to the generation of the center of attention, used in magic lanterns and theater lighting.
A large new market emerged around 1903, with the development of the oxyacetylene welding process. Around the same time, a new cryogenic air separation process has been designed independently in the UK, USA and Germany. The German engineer and founder of Linde Group, Carl von Linde, won the patent for the process. Brin's brothers negotiated an agreement to use the Linde patent. Instead, Carl von Linde was granted a stake and board position at Brin Oxygen Company, which he held until 1914. The new process replaces the inefficient barium oxide process, paving the way for larger scale and more efficient production.
As BOC and expansion (1906-1978)
In 1906, the Brin brothers changed the name of the company to British Oxygen Company or BOC . During the First World War, businesses increased significantly because of the mass production of required war machines - ships, tanks and trucks - involved either metal cutting or welding. In the post-war period, it grew with acquisitions, including Sparklets Ltd., Allen-Liversidge Ltd and Quasi-Arc Company.
During the Second World War, gas for ammunition and for medical needs was provided by the Board of Commissioners. As in the First World War, business grew. After the war, BOC formed a subsidiary in more than twenty countries. In the 1950s, due to the increasing demand for automobiles, better steel manufacturing methods were found that required "tonnage" oxygen. This means a further increase in business for the Board of Commissioners.
BOC diversified into many industries in the 1960s and 70s. One is the cooling market and established a joint venture called BOC-Linde Refrigeration Ltd. , with Linde AG from Germany in 1968. It also obtained Ace Refrigeration Ltd. and J. Muirhead Ltd., a fast-food frozen supplier, in 1969.
With plans for expansion to the Far East, he founded British Oxygen (Far East) Ltd, based in Tokyo. It established subsidiaries and joint ventures in Jamaica, the Netherlands, South Africa, Sweden and Spain for a number of products; which include transformers, magnetic equipment, frozen food, stable isotopes, radioactive labeled compounds and cryogenic systems. In 1971, the company installed the largest mainframe computer in the UK, connecting computer networks across the country, and selling computer time to outside customers. As a result, BOC diversified into the computer business.
The 1973 oil crisis caused a rethinking of BOC's future strategy. It divests non-strategic assets; and concentrate on its core business, particularly gas and health care markets, and the expansion of this business to Europe, America and the Far East. In 1975, the company officially became 'BOC International Ltd', reflecting its success in developing business outside the UK, and in products outside oxygen.
BOC Group (1978-2006)
An important part of BOC's history is the acquisition of Airco Industrial Gases, an American competitor. After 11 years of litigation, in 1978 Airco became a wholly owned subsidiary of the Board of Commissioners. Enlarged company changed its name to BOC Group .
In 1999, reports emerged that the US industrial gas company Praxair - in 1992 separated from Linde AG's US division, Union Carbide Industrial Gases - was probably merged with the BOC Group. After the breakup of the talk, L'Air Liquide S.A. and Air Products & amp; Chemicals Inc. make a series of cash offerings to acquire the group. On July 13, 1999, the Board of Commissioners approved a pre-requisite cash offer of £ 14.60 per share. BOC Group's assets will be shared between Air Liquide and Air Products in an agreement of US $ 11 billion. On May 12, 2000, the offer expired, following the failure to reach a satisfactory agreement with the United States Federal Trade Commission.
Following unsuccessful bids, BOC Group develops new strategies to stimulate business growth in new products and markets, and to reshape existing business portfolios to improve Group performance. In 2001, the BOC Group announced it cut 1,500 jobs. At the end of 2002, the company merged its Japanese industrial and medical gas business with Air Liquide to form the Japanese Air Gas. BOC also acquired Praxair's operations in Poland.
In November 2003, the BOC Group announced that it would complete the sale of Afrox Healthcare - a hospital and managed healthcare group operating in South Africa - into a consortium led by Black Economic Empowerment investors.
Part of Linde Group (2006-present)
Total revenue of the BOC Group in 2005, including its share of joint ventures and associated companies, was  £ 4.6 billion and later became the second largest industrial gas supplier in the world. Industrial gas business consists of more than 80% of sales. The group earns nearly a third of its revenue from Asia Pacific; Europe accounted for 28% and America 27%.
In January 2006, Linde Group made a preliminary proposal to acquire the BOC Group based on a cash offer worth  £ 15 per share, which was rejected by BOC's board of directors. In March 2006, a second proposal based on a cash offer worth £ 16 per share, valuing the company at Ã,  £ 8.2bn (US $ 14.4bn; EUR12bn), was received and the takeover was completed on September 5, 2006. After nearly a century of courtship BOC is part of the Linde Group and the synergy takes over Air Liquide as a global market leader.
On September 6, BOC Group employees received a welcome pack including a letter from CEO Linde, Professor Dr. Wolfgang Reitzle, a small badge representing the new 'The Linde Group' logo and Swatch watches. Many of these watches quickly appear on eBay. On March 12, 2007, the Linde Group abandoned a vacuum business known as BOC Edwards to private investment group 'CCMP Capital'.
Maps The BOC Group
Operation
BOC Group business activities include:
- Path Gas Process Solutions (PGS), supplying large product volumes via pipelines, on-site generators or cryogenic tankers.
- Line Manufacture and Specialty Products (ISP) that provides packaging gas, chemicals and related products and services. The associated gas is usually delivered in a high pressure cylinder and ranges from the technical value to a high purity specialty gas.
- BOC Edwards supplies the semiconductor industry with vacuum, chemical delivery and reduction systems and related services. It also supplies vacuum equipment to many industrial and scientific sectors.
- Integrate the provision of logistics, management, and operations design in a number of sectors including food, beverage and fashion retail for large companies including Coca-Cola (TM).
Headquarters
When BOC was a global company, the headquarters of the Board of Commissioners was in Windlesham, a small village about 25 miles southwest of London. The office built in the 1980s is a great example of modern architecture and when viewed from the air resembles the shape of an oxygen molecule. Today, this office stands empty and has now been sold. Many staff are based in the Windlesham office since moving to the BOC office in Guildford and Linde Group's new headquarters in Munich, Germany.
References
External links
- Official BOC Site
- BOC Online Store
- Linde's Official Website
- Frarell, Christopher (1977). "An industry out of the fog". New Scientist . 76 (1083): 762-763.
- Documents and clippings about The BOC Group at the 20th Century Press Archive of the German National Economic Library (ZBW).
Source of the article : Wikipedia
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