Technical Gases Linde Secures Air Gases Deal in China
Gas specialists Linde secured a multi–million Euro deal in China: The company will supply air gases for Chinese chemicals manufacturer Dahua, officials announced.
Munich/Germany – Linde plans to invest around EUR 70 million in the the project, acquiring two of Dahua's existing air separation units (ASUs) plus building a third one with a capacity of 38,000 normal cubic metres of oxygen per hour (Nm3/h). Scheduled for productivity in 2014, the new ASU will replace the two older plants, also meeting rising demand for gaseous oxygen at Dahua’s operations on Songmu Island in Dalian, Northeast China.
“This Move Strengthens Position in China”
“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, responsible for Asia. “This move strengthens our position as a leading gases and engineering company in the dynamic Chinese market.”
Joint Venture for Technical Gases in China
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 will as well offer industrial gaseous and liquid products and provide relevant engineering services to the neighbouring industrial hubs.