Everest Kanto Cylinder

Everest Kanto Cylinder is an India-based international manufacturer of high-pressure gas cylinders, which are used to transport volatile gases for export.

According to a trade publication, EKC's subsidiary EKC Hungary Kft owns American company CP Industries Holdings, Inc. The company website states that CP Industries manufactures high-pressure seamless flasks for the U.S. Navy, which are used in critical shipboard systems (http://www.stockwatch.in/everest-kanto-arm-forms-wholly-owned-subsidiary-hungary-2774) (http://www.cp-industries.com/government.htm)

According to Forbes, India's Everest Kanto Cylinder (EKC) began supplying Iran with compressed natural gas cylinders in the 1990s, and in 2003 it built a manufacturing plant in Dubai to keep up with demand. In 2005, an industry publication reported that Everest Kanto planned to invest $20 million to construct another plant in Iran. In 2006, an investment advisory firm stated EKC estimated it held approximately 30% of Iran's cylinder market share, and 22% of the company's 2005 exports went to Iran. (http://www.forbes.com/global/2009/1214/companies-india-everest-kanto-iran-compression.html) (http://www.moneycontrol.com/news/ipo-issues-open/everest-kanto-set-to-commission-its-fourth-plant_190169.html) (http://www.business-standard.com/general/pdf/brokerrecos/060906_04.pdf)