Special Announcement

Airport Authority signs nitrogen filling services franchise agreement with Hong Kong Oxygen & Acetylene

(HONG KONG, 8 August 1997) -- The Airport Authority (AA) today signed a five-year franchise agreement with Hong Kong Oxygen & Acetylene Co, Ltd to provide nitrogen filling services at the new airport at Chek Lap Kok.

Hong Kong Oxygen is required to develop a nitrogen filling facility and deliver nitrogen in cylinders and cryocarts (liquid nitrogen mobiles) to aircraft maintenance companies. Nitrogen, an inert gas, is used for inflating aircraft tyres.

Hong Kong Oxygen's capital investment for the filling facility will be about HK$5 million.

Hong Kong Oxygen & Acetylene has been supplying industrial and medical gases in Hong Kong since 1959. It is jointly owned by BOC Holdings (UK) and Societe D'Oxygene Et D'Acetylene D'Extreme-Orient SA (France).

Ref. PR-294



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