Shanghai's South Hongqiao business district is strengthening its reputation as a high-end manufacturing hub with the launch of another new foreign-controlled enterprise, Shanghai PNC Messer Gases.
This joint venture, which consists of Messer China holding a 60 percent stake and PNC Shanghai holding a 40 percent stake, aims to support the local semiconductor industry by providing cutting-edge industrial gas solutions.
Messer Group, a global leader in industrial and electronic gases, brings its advanced technology and resources to the partnership. In turn, PNC will contribute its local expertise to ensure high purity and prompt service for electronic gas stations in China.
South Hongqiao has become an attractive location for foreign enterprises, attracting companies like Messer, KSB, and Lite-On Technology. This year, Elsewedy Electric has also established a subsidiary in the area, further enhancing the region's energy infrastructure.
