Messer Tehnogas ad Beograd is a Serbia-based company principally engaged in the production and distribution of technical gases. The Company’s products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, dry ice (carbon dioxide in firm state), nitro oxygen and acetylene, as well as various industrial and specialty gases. In addition, the Company acts as an authorized representative of Castolin Eutectic, and offers equipment for welding, soldering and bonding, on the territory of Serbia, Montenegro and Macedonia. It has 12 factories across Serbia and Montenegro. As of December 31, 2011, the Company operated five subsidiaries, including Progas, based in Montenegro, Messer Bleone, based in Kosovo, Messer BH Gas, based in Bosnia and Herzegovina, Messer Albagaz, based in Albania and Messer Aligaz, based in Turkey. As of December 31, 2011 Messer Group GmbH, based in Germany, held an 81.93% stake in the capital of the Company.