Linde to build industrial-scale air separation units for steel manufacturer TISCO in China
(Thomson Reuters ONE) -
Linde AG /
Linde to build industrial-scale air separation units for steel manufacturer
TISCO in China
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Munich, 27 October 2010 - The technology group The Linde Group has won a deal
to build two industrial-scale air separation units for the steel corporation
Taiyuan Iron & Steel Company Limited (TISCO) at its Taiyuan site in the northern
province of Shanxi in China. The contract, recently closed by both parties,
places a total investment figure of around EUR 100 million on the project. The
project will be managed by the 50/50 gases joint venture set up by Linde and
TISCO, BOC-TISCO Gases.
"This investment builds on the successful collaboration already established
between both companies in air separation," said Dr Aldo Belloni, Member of the
Executive Board of Linde AG. "Since the BOC-TISCO Gases joint venture was
founded in 1996, we have been jointly meeting the entire gas needs of the
Taiyuan site. We are of course delighted to add two new state-of-the-art air
separation units to the existing infrastructure. This new on-site deal not only
underscores our leading position in the Chinese gases market, it also provides
proof of concept for our focused growth strategy in emerging markets."
Linde's Engineering Division will construct the two new air separation units
(ASUs) for BOC-TISCO Gases. With an hourly capacity of 60,000 normal cubic
metres (Nm(3)/h) of gaseous oxygen per plant, they rank among the largest and
most modern ASUs in China. The new air separators will thus supply the
steelworks with a more energy-efficient flow of gaseous oxygen. Over the coming
years, the new units will double oxygen capacity from around 110,000 Nm(3)/h
today to a new total of 220,000 Nm(3)/h.
TISCO operates one of the world's largest integrated industrial complexes in
Taiyuan. This latest investment to evolve the gas supply facilities falls under
the umbrella of TISCO's multifaceted modernisation strategy aimed at improving
the energy efficiency of its production plants. The company wants to balance
future growth with energy conservation and an improved CO(2) balance.
In addition to building the new ASUs, Linde will also be delivering various
oxyfuel-enabled gas applications for different furnace processes. With oxyfuel,
combustion air in the furnace is replaced with oxygen-enriched air or pure
oxygen. This increases furnace throughput, also cutting fuel consumption and
emissions.
TISCO is one of the world's largest stainless steel producers. The company
supplies its products to 30 different regions and countries. During the first
half of 2010, TISCO produced around five million tonnes of steel at Taiyuan.
Around 1.4 million tonnes of this was stainless steel, making Taiyuan the
world's largest single production site for stainless steel.
The Linde Group is a world leading gases and engineering company with almost
48,000 employees working in more than 100 countries worldwide. In the 2009
financial year it achieved sales of EUR 11.2 bn. The strategy of The Linde Group
is geared towards sustainable earnings-based 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. Linde is committed to technologies and products that
unite the goals of customer value and sustainable development.
In Greater China, Linde is headquartered in Shanghai and has around 50 wholly-
owned companies and joint ventures, and more than 100 operational plants in
major industrial hubs across the country, with around 3,000 employees.
For more information, see The Linde Group online athttp://www.linde.com
For additional information:
Press Investor Relations
Uwe Wolfinger Thomas Eisenlohr
Telephone: +49.89.35757-1320 Telephone: +49.89.35757-1330
[HUG#1455240]
--- End of Message ---
Linde AG
Klosterhofstrasse 1 Munich Germany
WKN: 648300;ISIN: DE0006483001;Index:Prime All Share,HDAX,DAX,CDAX;
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Regulierter Markt in Börse Düsseldorf;
Press release as PDF:
http://hugin.info/125064/R/1455240/395260.pdf
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Source: Linde AG via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 27.10.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 46553
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