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Industrial gases used for processes from welding to steel production remain a major piece of the ILMO Products Co. market as the business nears its 100th anniversary in Jacksonville, IL.

But as with any number of industries, the growth of late is in healthcare.

A just-completed 7-year agreement to provide bulk liquid oxygen— used to produce medical oxygen for a variety of treatments — to St. John’s Hospital adds to a network of medical customers that already includes hospitals, laboratories, nursing homes and universities across central and southern Illinois and northeast Missouri.

“We’re seeing our biggest growth in specialty gases and labs. Home healthcare also is a growing area,” said Tim Hall, bulk-gas program manager for ILMO Products.

Demand for industrial gases is closely tied to the economy, and particularly manufacturing, he said. Gases also are subject to price swings like any other commodity, though Hall said the spikes are not as dramatic as in grain or petroleum markets.

“The ups and downs have gotten more volatile,” said Hall, who added that the company expects demand for industrial gases to pick up as the economy recovers.

The company, which distributes but does not manufacture gases, also supplies healthcare products to Memorial Medical Center, Springfield Clinic, and doctors and dental offices in the region.

Read the full story at: sj-r.com

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