Chart Industries Inc. (NASDAQ: GTLS) was founded in 1992 and is headquartered in Ball Ground, Georgia, USA. It has 4,605 full-time employees. It is the world’s leading provider of industrial gas equipment for manufacturing liquefied natural gas (LNG) and Cryogenic equipment for industrial gas production, storage and distribution, as well as energy equipment and biomedical industry equipment.
Chart Industries (GTLS):
Chart Industries is a diversified manufacturer of engineering equipment, providing equipment to the industrial gas, energy and biomedical industries. Chart Industries’ equipment and engineering systems are suitable for cryogenic and cryogenic applications.
The focus of Chart Industries is on cryogenic technology. Chart is a recognized global brand that specializes in the design and manufacture of sophisticated cryogenic equipment used in the entire LPG supply chain. The company’s products are key components for separating oxygen, nitrogen and inert gases from the air and processing and liquefying natural gas. Chart Industries’ distribution and storage products and engineering systems are the foundation for LNG delivery and end use in a variety of industrial and energy applications.
In the field of life sciences, Chart’s MVE brand is the industry benchmark for biological storage systems for cryopreservation of human and animal tissues. With CAIRE as the main brand, Chart is a leading supplier of respiratory products in the home healthcare market.
Chart Industries is divided into three departments to operate : Energy & Chemicals (Energy & Chemicals, E&C), Western Hemisphere Distribution and Storage (Distribution & Storage Western Hemisphere, D&S), Eastern Hemisphere Distribution and Storage (Distribution & Storage Eastern Hemisphere, D&S) )
Chart Industries provides:
- Brazed aluminum, Core-in-Kettle, air-cooled, shell-and-tube heat exchangers; cold boxes, reactors and process systems; and axial cooling fans for power, heating, ventilation, air conditioning, and refining end-user applications.
- Provide low-temperature solutions for the storage, distribution, evaporation and application of industrial gases; and low-temperature components, including vacuum insulated pipes, engineered bulk gas devices, special liquid nitrogen, terminal equipment and cryogenic flow meters.
- Low-temperature trailers, ISO containers, railway vehicles, bulk storage tanks, gas stations, loading facilities and regasification equipment for transporting LNG to virtual pipeline applications; large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants ; Vacuum insulated containment for storing biological materials in medical and veterinary laboratories, biotechnology/pharmaceutical research facilities, blood and tissue banks, large storage banks and artificial insemination.
- Design and manufacture pressure equipment for cryogenic, energy and petrochemical end markets.
- Factory start-up, round-the-clock support, monitoring and process optimization, repair, maintenance and upgrade services, as well as extended warranty and parts; and operating service locations, undertaking the installation, service, repair, maintenance, refurbishment, reconfiguration and relocation of cryogenic products.
Chart Industrial Energy and Chemical, Distribution and Warehousing businesses, manufacturing products related to energy and industrial applications, such as separation, liquefaction, distribution and storage of hydrocarbons and industrial gases.
Chart industrial biomedical business provides cryogenic and other related equipment used in medicine, biological research and animal breeding, and provides cryogenic liquid vaporizers through Thermax, Inc., which can be used in industrial gas, petrochemical and liquefied natural gas applications.
Chart Industries (GTLS) History:
- In 1859, the same year Charles Darwin published “The Origin of Species”, Victorian entrepreneur and industrialist John Marston founded John Marston Ltd (now Sunbeam) in Wolverhampton, England, which later became a leading manufacturer of bicycles For many years, it has also been a leading manufacturer of motorcycles, automobiles, and aircraft engines. The heat exchanger is one of the earliest supporting products developed.
- In 1941, Trane Co. welded the world’s first aluminum plate-fin heat exchanger at its plant in La Crosse, Wisconsin.
- In 1951, Arthur D. Little developed the first viable helium liquefaction system.
- In the late 1960s, Arthur D. Little founded Cryogenic Technology, Inc. to develop commercial cryogenic systems for gas separation, purification and liquefaction.
- In 1963, MVE Holdings Inc. provided the first liquid nitrogen storage tank for artificial insemination.
- In 1978, Marston Company introduced vacuum brazing technology for aluminum brazing heat exchangers.
- In 1984, Minnesota Valley Engineering (MVE) installed the first bulk carbon dioxide storage tank for the carbonation of soft drinks in McDonald’s® Restaurant.
- In 1986, brothers Arthur and Charles Holmes acquired ALTEC International, a Wisconsin-based aluminum plate-fin heat exchanger manufacturer that had been spun off from Trane Co. in 1985. The brothers supplemented their focus on cryogenic processing products by acquiring a series of companies specializing in cryogenic storage and distribution equipment.
- In 1987, Greenville Tube Corporation (stainless steel tube) was acquired.
- In 1990, it acquired Process Engineering, Inc. (cryogenic tank).
- In 1991, Koch Process Systems International (cold box) was acquired.
- In 1992, the Holmes brothers founded a public holding company called Chart Industries (on behalf of CHARles and ARThur) and went public through an initial public offering (IPO).
- In 1994, Chart Industries acquired CVI, Inc. (cryogenic vacuum pumps).
- In 1995, Chart Coastal Fabrication (cold box assembly) was launched in Louisiana.
- In 1997, Cryenco, Inc. (Cryogenic Road Tank Truck) was acquired.
- In 1998, acquired the industrial heat exchanger division of IMI Marston, UK.
- In 1999, acquired Northcoast Cryogenics (cryogenic equipment maintenance service).
- In 1999, acquired MVE Holdings (Cryogenic Storage and Transportation Equipment), including Ferox located in the Czech Republic and CAIRE, a small company specializing in liquid breathing oxygen equipment. This acquisition laid the foundation for Chart’s biomedical business.
- In 2001, the world’s largest LNG refueling station was built for Waste Management , which can refuel 120 trucks every four hours.
- In 2006, Ferox was renamed Chart Ferox to emphasize the relationship with Chart Industries.
- In 2006, it acquired Cooler Service Co. of Tulsa (air cooling heat exchanger), as well as Happy, Tri-Thermal and Esex.
- In 2008, Chart Ferox acquired Flow Instruments & Engineering (a cryogenic flow meter system) in Germany.
- In 2009, it acquired Chengdu Jinfeng Liquid Nitrogen Container Co., Ltd. in Chengdu, China.
- In 2009, acquired Covidien’s liquid oxygen therapy business.
- In 2010, it acquired SeQual Technologies (medical oxygen generator).
- In 2011, acquired Clever Fellows Innovation Consortium/QDrive (Cryogenic Cooler).
- In 2011, acquired GOFA Gocher Fahrzeugbau (cryogenic and non-cryogenic mobile equipment) in Germany.
- In 2011, acquired Cryotech International (liquid nitrogen filling system).
- In 2012, acquired AirSep Corporation (medical and commercial oxygen supply system).
- In 2012, Chart delivered the world’s largest comprehensive denitrification device.
- In 2013, Chart sales exceeded $1 billion.
- In 2014, Chart Cryogenic Chemical Equipment (Wuxi) Co., Ltd. opened in Wuxi, China.
- In 2015, Chart Industries acquired Thermax, Inc. (vaporizers, heat exchangers and thermal systems).