The HEROSE Group today announced the successful conclusion of discussions with Australian valve manufacturer Mack Valves, aimed at creating a future industry focussed organisation. This has resulted in an investment in Mack Valves by the HEROSE Group. This investment entails HEROSE taking a majority 51% equity position in the Company, with the Ador Group’s equity holding in Mack Valves now at 49%.
The 18th international conference and exhibition on LNG is running throughout this week from 11th-15th April in Perth, Australia. Current and significant impacts on the world’s LNG industry are looming large, with the global event providing a stage for companies within the sector to shine.
Once again Herose were represented at the AIIGMA (All Indian Industrial Gas Manufacturing Association) 38th Seminar for Industrial Gases that was held in Colombo, Sri Lanka. Many global industrial gas and equipment manufacturers were represented with the Right Honourable Ravi Karunanayake, Finance Minister of Sri Lanka & Anish Patel, Vice-President of AIIGMA officially opening the event. Continue reading
Just two years ago the demand for LNG was almost unsustainable as new energy applications were being developed and the price against oil was favourable for this alternative energy source. This expansion of use led to liquefaction shortfalls in the Americas and other regions, while the equipment manufacturers were seeing vast increases in volumes. Continue reading