Yingde Gases Group (hereinafter referred to as Yingde
Gases) recently launched a five-year (2022-2026) strategic development plan
called “LEAP”. With a mission to facilitate greater breakthroughs and a
leap into the future, the plan will allow Yingde Gases to respond more
effectively to major changes in the industry, and much like an atomic electron
transition, break out of the conventional norms and stimulate a burst of energy
that expands the group upward and outward by leaps and bounds.
Yingde Gases was incorporated on October 29,2001. That same year the company completed construction on its first large-scale on-site gas plant. Benefitting from China's rapid economic development, Yingde Gases entered a golden era defined by skyrocketing growth. Since then, Yingde Gases never stopped honing its competitive edge, specifically in areas where it had already gained an advantage. Upon acquiring a majority stake in Baosteel Gases, the company became the undisputed industry leader, claiming more than 20% of the independent industrial gas market share in China. (Source: Frost & Sullivan)
New Opportunities, Moving in Sync with the Times
Under the new "carbon peaking, carbon neutral"
policies, the more traditional metallurgy and chemical sectors were suddenly in
need of a major overhaul and a transition to greener technologies. Propelled by
new government policies regarding industrial development, emerging sectors in
new energy sources, new materials, electronics, semiconductors, environmental
technology, and biopharmaceutical products gained strong momentum. These
positive changes in the market signaled greater demand for industrial gases. Regarding
markets overseas, more and more Chinese enterprises are expanding on foreign
shores, and Yingde Gases is no exception, with overseas expansion now one of the
major components of the company's prospectus.
In response to market changes, Yingde Gases has infused its unique attributes into a five-year development strategy called LEAP, with business, management and capital as the three main drivers of expansion, with an aim to become a comprehensive gas supply company leading the industry both in terms of efficiency and performance.
Business：Yingde Gases will continue to enhance existing advantages on the market in China by expanding business teams and organization, and developing emerging and strategic ventures, while never ceasing in its effort to raise the business value of wholesale liquid gases, bottled gases, and rare gases. In addition, Yingde Gases is making syngas the main thrust of development for the clean energy business. Furthermore, Yingde Gases is going forward with major expansion overseas, making steady progress in the globalization of the group as w whole.
Management：Building upon the group's existing advantages in terms of scale, Yingde Gases is refining and enhancing the capabilities of its management team, with a focus on improving value and performance levels simultaneously. The company is also speeding up digitized framework and talent development and cultivation projects, as well as the building of a solid base for sustainable development with innovation as the main thruster, with an aim to achieve a 30% reduction in carbon emissions of unit revenue by 2030, providing the impetus for progress over an extended period.
Capital：Relying on the advantages afforded by the group's major shareholders, as well as the experience of previous successes, Yingde Gases will seek out new opportunities in mergers and acquisitions, both at home and overseas, securing the group's leading role as an industry consolidator. Furthermore, the group is employing innovative investment models to reinforce the trajectory towards future-forward hydrogen energy, electronic gases, electro-chemicals, carbon neutrality, and energy transition.
Forging Ahead, Partnering with the Industry to Accomplish More
Following Yingde Gases' developments in the
Asia-Pacific region, the group accepted an invitation to become a board member
of the Asia Industrial Gases Association (AIGA).
Yingde Gases has been putting down roots in China's domestic market for more than 20 years and was already a member enterprise of AIGA's China division, fully supporting the association's promotion of industry development. The year 2022 was an important milestone in the group's globalization journey. The group's overseas subsidiary NovaAir broke ground on India's first air separation facility. In April of the same year, Yingde Gases acquired Singapore-based Smart Gas, heralding the group's foray into the Southeast Asian market, as well as the transition from globalization strategy to actuality.
Concurrently, Yingde Gases CEO Steven
Fang accepted the invitation to take on the role of board member at the
International Oxygen Manufacturers Association (IOMA).
Originating in the United States, the IOMA project has further expanded its reach to include Asia, adding several board members seats for the Asia-Pacific region. Given the group's leading role in gas production and supply in the Asia-Pacific region, Steven Fang accepted the invitation to become an IOMA board member, dedicated to representing the interests of gas companies in the Asia-Pacific region as well as heightening the Asia-Pacific gas industry's global influence.
Steven Fang expressed the following: "Leveraged by the group's LEAP strategy, Yingde Gases will seize new opportunities arising out of the new era, constantly discovering new value in the application of gases, effecting change in key fields with the help of technological innovation, and striving to grow and win together with the industry, creating a greener, more sustainable future together."