Industrial and Medical Gases Nigeria PLC
NNSENG:IMG28.00
NGN
0.00
(0.00%)
Industrial and Medical Gases Nigeria PLC
NSENG:IMG
(Nigerian Stock Exchange)
Recent
price
28.00
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Industrial and Medical Gases Nigeria PLC operates as a manufacturer and distributor of industrial, medical, and specialty gases, as well as welding and medical equipment in Nigeria. The company operates through several core business segments, offering a comprehensive portfolio of products and services, including industrial gases such as liquid and compressed oxygen, nitrogen, argon, carbon dioxide, dissolved acetylene, hydrogen, helium, and specialized shielding gas mixtures; medical and healthcare gases comprising high-purity medical oxygen, nitrous oxide, entonox, and liquid nitrogen; specialty and refrigerant gases including calibration gases, high-purity laboratory gases, ammonia, and fluorocarbon refrigerants; welding and cutting consumables comprising manual metal arc and gas welding equipment, mild steel and stainless steel electrodes, gas regulators, blowpipes, cutting torches, and personal protective equipment; and engineering and technical services covering medical gas pipeline systems design and installation, cryogenic storage tank maintenance, cylinder hydrostatic testing, refurbishing, and on-site gas management solutions. The company serves a diverse client base across healthcare, oil and gas, metal fabrication, food and beverage, construction, mining, and general manufacturing sectors throughout Nigeria. Founded in 1959 and headquartered in Ikeja, Lagos, Nigeria, the company operates as a subsidiary of TY Holdings Limited. In recent strategic developments, the company underwent a corporate rebranding and reorganization, transitioning its identity from BOC Gases Nigeria Plc to Industrial and Medical Gases Nigeria PLC following the acquisition of a majority equity interest by TY Holdings Limited. Concurrently, the company has executed strategic capital expenditure programs to modernize and upgrade its air separation units, expand regional cryogenic liquid storage capacities, enhance cylinder testing and bottling automation, and strengthen its direct distribution network across key commercial and medical corridors nationwide.