TNSC to raise prices of liquid bulk products due to electricity price increase

Taiyo Nippon Sanso Corporation (TNSC) recently announced that it has decided to revise the price of liquid bulk products (Oxygen, nitrogen and argon).

TNSC will raise prices by 10% or more as from February 2022.

TNSC explained that “The cost of electricity, which accounts for a large part of the cost of liquid bulk products, has risen significantly due to the recent sharp rise in the market prices of energy such as crude oil and LNG, and the increase in the levy on renewable energy. Under these circumstances, we have been taking all possible measures to improve productivity and delivery efficiency, but the rising cost of electricity is beyond the scope of our corporate efforts to absorb.”