Linde builds Indonesia's largest air separation unit
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Linde AG /
Linde builds Indonesia's largest air separation unit
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* Long-term on-site deal with steel corporation Krakatau POSCO
* Investment valued at around EUR 88 million
* Move further strengthens Linde's position in dynamic Asian markets
Munich, 14 June 2011 - The technology group The Linde Group has closed a long-
term deal to supply the Indonesian steel corporation PT. Krakatau POSCO (PTKP)
with industrial gases. PT. Linde Indonesia, member of The Linde Group in
Indonesia, and PTKP recently signed an agreement to this effect. PTKP is a joint
venture between the South Korean steel corporation POSCO and Krakatau Steel.
Linde will invest around EUR 88 million in constructing the country's largest
air separation unit (ASU) at Cilegon, around 100 kilometres west of Jakarta.
"This on-site project is Linde's largest single investment in Indonesia to
date," said Sanjiv Lamba, Member of the Executive Board of Linde AG and
responsible for the company's business in Asia. "We are thus consolidating our
position in one of the fastest growing economies in Southeast Asia. This move is
another milestone in our strategy to systematically build our business in Asia's
emerging economies."
PTKP is constructing the first integrated steelworks in Southeast Asia at
Cilegon. Annual production capacity is initially set at three million tonnes of
steel. To supply the steelworks with gases on site, Linde's Engineering Division
will plan and construct a new ASU with a daily capacity of around 2,000 tonnes
of oxygen. In addition to gaseous products for the steelworks, the new ASU will
also generate oxygen, nitrogen and argon in liquid form for the local market.
This will ensure a steady supply of these gases to meet rising demand for
industrial gases in Western Java. The ASU is scheduled to go on stream in
October 2013.
The Linde Group is a world-leading gases and engineering company with around
48,700 employees working in more than 100 countries worldwide. In the 2010
financial year, it achieved sales of EUR 12.868 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.
For more information, see The Linde Group online at http://www.linde.com
Further information:
Press Investor Relations
Dr Thomas Hagn Dr Dominik Heger
Telephone: +49.89.35757-1323 Telephone: +49.89.35757-1334
Thomas Eisenlohr
Telephone: +49.89.35757-1330
--- End of Message ---
Linde AG
Klosterhofstrasse 1 Munich Germany
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Press Release as PDF:
http://hugin.info/125064/R/1522811/459009.pdf
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Source: Linde AG via Thomson Reuters ONE
[HUG#1522811]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2011 - 09:01 Uhr
Sprache: Deutsch
News-ID 55531
Anzahl Zeichen: 4643
contact information:
Town:
Munich
Kategorie:
Business News
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