Les Gaz Industriels Ltd (LGI) was incorporated
as a private company, back in 1952, with 100% Mauritian equity
and the sole aim of producing oxygen and acetylene for metal cutting
and welding purposes.
In 1963, African Oxygen Ltd S.A. AFROX bought
50% equity in LGI. During the next four years, the new corporate entity expanded
into the production of general purpose welding electrodes and of medical oxygen
and into the importation of nitrous oxide, from AFROX,
for use in hospitals and clinics.
In order to allow a more active participation from local shareholders, AFROX reduced
its equity to 34% in 1976. LGI kept a steady growth for the next fourteen years,
with the modernization of the oxygen plant and the production of liquid and gaseous
nitrogen, for multi-purpose uses. It was also heavily involved in the installation
of gas reticulation in hospitals and clinics.
LGI became a public company in 1990 and was listed on the Over The Counter (OTC)
market in Mauritius. It has, since, also diversified into the production of nitrous
oxide for medical purposes. The commissioning of a modern Air Separation Unit
in 1998, for the production of liquid and gaseous oxygen and nitrogen and the
installation of two cryogenic storage tanks, for liquid oxygen and nitrogen,
have given the company the opportunity of doubling its supply of oxygen and nitrogen
in Mauritius, with the added advantage of servicing the customer on an ex-stock
basis.
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