Linde to build two large air separation plants in China
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Linde AG /
Linde to build two large air separation plants in China
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* On-site contract concluded with polyurethane manufacturer Yantai Wanhua
* Investment volume of around 130 million euro
* Competitive position in China reinforced
Munich, 29 July 2011 - The technology company The Linde Group has been
commissioned to build and operate two large air separation plants to supply
gases on site to the Chinese company Yantai Wanhua in Shandong (East China). The
contract for the project, which will involve investment of around EUR 130 m, was
signed on 26 July 2011.
"We are very excited to be working with Wanhua in this project and further
enhancing our strategic relationship with a company that is truly taking the
lead in advancing the technological ladder in China and globally. This order is
also a further confirmation of our successful expansion in a region of dynamic
growth," said Sanjiv Lamba, the Linde AG Executive Board member responsible for
the Asian business of the group. "This project will enable us to strengthen our
position as the leading gases and engineering company in China."
The two plants, which are to be built by Linde's Engineering Division, each have
a capacity of 55,000 normal cubic metres of oxygen per hour. They are expected
to come on stream between end 2013 and at the start of 2014, when they will
supply oxygen and nitrogen to Yantai Wanhua's production plants. In addition,
Linde will produce liquefied products for the open market in the Shandong
region. The project includes the construction of a 20-kilometre pipeline in the
Yantai Economic and Technology Park.
Yantai Wanhua is the only Chinese company which has the technical know-how to
produce MDI. MDI is an intermediate product in the manufacture of polyurethane,
which is used in large quantities for example in the construction and automobile
industries. China is in the process of becoming one of the principal markets for
MDI. The Shandong province in the east of China is the third largest province in
China in terms of gross domestic product.
The Linde Group is a world-leading gases and engineering company with around
49,100 employees working in more than 100 countries worldwide. In the 2010
financial year, it achieved sales of 12.868 billion euro. 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:
Media Investor Relations
Uwe Wolfinger Dr Dominik Heger
Telephone: +49.89.35757-1320 Telephone: +49.89.35757-1334
Matthias Dachwald Thomas Eisenlohr
Telephone: +49.89.35757-1333 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/1534551/467718.pdf
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Source: Linde AG via Thomson Reuters ONE
[HUG#1534551]
Unternehmensinformation / Kurzprofil:
Datum: 29.07.2011 - 09:31 Uhr
Sprache: Deutsch
News-ID 56836
Anzahl Zeichen: 4863
contact information:
Town:
Munich
Kategorie:
Business News
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