Gulf Cryo

Gulf Cryo

Gulf Cryo
Headquarters	Kuwait Dubai, UAE (Corporate Office)
Key people	Amer Huneidi - Chairman
Website	Official website

Gulf Cryo, is a closed shareholding company that manufactures and supplies industrial, medical and specialty gases. Founded, as the Kuwait Oxygen and Acetylene Company in 1953, it grew into being the Gulf Cryo group, which comprises of 30 affiliated companies over the MENA region. It was the first gas manufacturer in Kuwait to provide industrial gases such as oxygen and nitrogen to the booming local petroleum industry.

Gulf Cryo Headquarters, Kuwait

Gulf Cryo

History

In the early 1950s, Mr. Salim Huneidi- a businessman in Kuwait, an agent for an international Steel Structure & Construction Company realized the shortages in cutting and welding gases. This motivated him to research industrial processes to supply the growing demand of industrial gases. Recognizing that new oil discoveries would change the face of the region and require industrial gases for both construction and manufacturing, he built the Persian Gulf’s first oxygen separation plant in 1953 in Kuwait City, under the brand name Kuwait Oxygen and Acetylene Company (KOAC).

Mr.Salim Huneidi signed a deal with the Kuwait Oil Company (KOC) (earlier known as Amen Oil), which led KOC to shut down their small Oxygen plant and they started outsourcing this product from local suppliers; that was the base that Mr. Salim Huneidi built on for his Industrial gas project in Kuwait.

In 1971 KOAC expanded its operation to the Shuaiba Industrial area in Kuwait and established The Kuwait Industrial Gases Company (KIGC). KIGC would primarily supply its products to the oil and refining infrastructure being built in the Shuaiba area. KIGC built a pipeline between the company and the refineries i.e. The KNPC Group, to provide a continuous supply of Nitrogen to cover their demand.

The Arabian Industrial Gases Company (AIGCo) was formed in 1977 in Sharjah – United Arab Emirates. In 1998, Amer Huneidi, son of the late Mr. Salim Huneidi was appointed as Chairman and soon after led to the consolidation and creation of The Huneidi Group of Companies. By 2006, Gulf Cryo – Qatar was established and in 2007 Gulf Cryo became a holding company. In 2008, Gulf Cryo Saudi Arabia was established. In 2009, Investcorp purchased 20% of the organization. Also within the same year, Gulf Cryo Oman was established. By 2012, Gulf Cryo was established in Iraq and Egypt. In 2013, Gulf Cryo entered Turkey and completed 60 years in the business and also expanded its operations in Austria, with a minority stake in a leading gas company.

Products

Industrial Gases	Medical Gases	Speciality Gases
Acetylene	Entonox	Dry Ice
Air	Medical Air
Argon	Medical Carbon Dioxide
Carbon Dioxide	Medical Nitrogen
Helium	Medical Nitrous Oxide
Hydrogen	Medical Oxygen
Oxygen
Nitrogen

Certifications

Gulf Cryo’s dedication towards quality, health, safety and environment processes is marked through their venture to incorporate high standards in every area of operations. The core business processes ensure methodical and controlled results based on customer specification. Technical experts conduct tests in fully equipped laboratories, where inspections and maintenance of storage vessels ensure that regulatory standards are consistently surpassed. The management systems are complaint to ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 FSC 22000 standards and all applicable legal and regulatory requirements

References

• http://www.pehub.com/2009/11/investcorp-buys-stake-in-gulf-cryo/
• http://www.chemweek.com/regions/middle_east/kuwait/Equate-selects-Gulf-Cryo-for-CO2-recovery-project_51225.html
• http://www.africanbusinessreview.co.za/reports/gulf-cryo
• http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=41699365
• https://en.wikipedia.org/wiki/Kuwait_Oxygen_And_Acetylene_Company
• http://www.energydigital.com/reports/gulf-cryo
• https://www.altassets.net/private-equity-news/investcorp-buys-up-20-per-cent-of-gas-company-gulf-cryo.html