Linde to supply air gases to Chinese chemicals producer Dahua Group in Dalian
(Thomson Reuters ONE) -
Linde AG /
Linde to supply air gases to Chinese chemicals producer Dahua Group in Dalian
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The issuer is solely responsible for the content of this announcement.
* Contract covers purchase of existing air separation units and construction
of an additional unit
* Total investment worth around EUR 70 million
* Deal strengthens Linde's position in China
Munich, 13 March 2012 - The technology group The Linde Group has been selected
to supply air gases to chemicals producer Dahua Group on Songmu Island in
Dalian, Northeast China. Linde will be investing around EUR 70 million in the
project. An agreement outlining the terms of the deal was recently signed by
both parties. Dahua Group belongs to the country's leading top 10 soda ash
producers.
"We are delighted to further expand our long-term business relationship with our
partner Dahua in Dalian," said Sanjiv Lamba, Member of the Executive Board of
Linde AG responsible for Asia. "This move strengthens our position as a leading
gases and engineering company in the dynamic Chinese market."
Under the terms of this on-site agreement, Linde acquires the customer's two
existing air separation units (ASUs) in Dalian, and will operate these. In
addition, Linde's Engineering Division will build a new ASU on site with a
production capacity of 38,000 normal cubic metres of oxygen per hour (Nm(3)/h).
Scheduled to go on stream in 2014, the new ASU will replace the two older
plants, also meeting rising demand for gaseous oxygen at Dahua's operations. The
new arrangement gives the customer a much greater degree of reliability in its
gas supply. The new ASU will also produce surplus liquid gases for the regional
market.
As part of the contract agreement, the upgraded gas production facility will be
jointly managed by a newly formed 50:50 joint venture gases company between
Linde and Dahua. Linde-Dahua (Dalian) Gases Company, Ltd. will as well offer
industrial gaseous and liquid products and provide relevant engineering services
to the neighbouring industrial hubs.
Dahua Group is wholly owned by Dalian State Assets Administration Committee,
with 33 subsidiaries in China. Set up in 1933, it is the earliest and today one
the biggest basic chemical material and fertilizer producers in China.
The Linde Group is a world-leading gases and engineering company with around
50,500 employees in more than 100 countries worldwide. In the 2011 financial
year, it achieved sales of EUR 13.787 bn. The strategy of The Linde Group is
geared towards long-term profitable growth and focuses on the expansion of its
international business with forward-looking products and services. Linde acts
responsibly towards its shareholders, business partners, employees, society and
the environment - in every one of its business areas, regions and locations
across the globe. The Group is committed to technologies and products that unite
the goals of customer value and sustainable development.
In Greater China, Linde has close to 4,000 employees working in around 50
subsidiaries and joint ventures, and 150 operational plants in major industrial
hubs across the region. Linde Greater China is headquartered in Shanghai.
For more information, see The Linde Group online at http://www.linde.com
Further information:
Media Investor Relations
Uwe Wolfinger Dr Dominik Heger
Telephone: +49.89.35757-1320 Telephone: +49.89.35757-1334
Dr Thomas Hagn Lisa Tilmann
Telephone: +49.89.35757-1323 Telephone: +49.89.35757-1328
Press Release as PDF:
http://hugin.info/125064/R/1593148/501201.pdf
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other applicable laws; and
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originality of the information contained therein.
Source: Linde AG via Thomson Reuters ONE
[HUG#1593148]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 124077
Anzahl Zeichen: 4656
contact information:
Town:
Munich
Kategorie:
Business News
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