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47000 Karlovac
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Phone: 00 385 (0)47 609 200
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E-mail: tg.info@hr.linde-gas.com

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29.07.2015
Pozitivan utjecaj tečaja na prihode u prvom polugodištu 2015. godine

Positive exchange rate effects have a beneficial impact on Linde’s revenue and earnings in the first half of 2015

29.07.2015Munich

  • -  

    Business performance gains some momentum in the second quarter

  • -  

    Very positive trend in operating cash flow continues

  •  - 

    Group revenue forecast adjusted as a result of persistent weak demand in the plant construction sector


Munich, 29 July 2015
 – The technology company The Linde Group achieved a 10.0 percent increase in revenue on the basis of reported figures in the first six months of 2015 to EUR 9.036 bn, compared with revenue of EUR 8.212 bn in the first six months of 2014. After adjusting for exchange rate effects, revenue was similar to the level achieved in the first half of 2014. Operating profit improved by 11.0 percent to EUR 2.104 bn (2014: EUR 1.896 bn). After adjusting for exchange rate effects, operating profit rose by 0.4 percent. The Group operating margin increased from 23.1 percent in the first half of 2014 to 23.3 percent in the first half of 2015. The exceptionally positive trend in operating cash flow continued.Exterior of Carl-von-Linde Haus, Klosterhofstrasse 1



After a modest start to the financial year in the first three months of 2015, Linde once again achieved increases in both Group revenue and Group operating profit in the second quarter after adjusting for exchange rate effects. For the three months ended 30 June 2015, Group revenue rose by 0.7 percent after adjusting for exchange rate effects, while Group operating profit rose by 1.8 percent. In both cases, the comparison is with the figures for the second quarter of 2014.

In the first six months of 2015, earnings per share before restructuring costs of EUR 138 m (a non-recurring item) was EUR 3.65 (2014: EUR 3.36). Earnings per share was EUR 3.12 (2014: EUR 3.36). The very positive trend in operating cash flow continued. It rose by 54.9 percent to EUR 1.583 bn when compared with the figure for the prior-year period of EUR 1.022 bn. The main factors contributing to this significant increase were the good operating profit generated by the Group and more efficient working capital management.

Gases Division: Growth improves in the second quarter 

During the reporting period, Linde continued to achieve growth in revenue in the Gases Division. Whereas revenue growth in the first quarter of 2015 was just 
1.0 percent on a comparable basis (after adjusting for exchange rate effects and changes in the price of natural gas), Linde was able to achieve revenue growth of 1.9 percent in the first half of 2015. One of the reasons for this increase was the contribution to revenue of EUR 36 m made by an LPG business in Australia acquired by Linde in February 2015. On the basis of reported figures, revenue in the first half of 2015 rose by 10.7 percent to EUR 7.554 bn (2014: EUR 6.825 bn). Revenue was adversely affected not only by the relatively weak macro-economic environment, but also by current low energy costs and the expiry of on-site contracts. Operating profit rose by 12.2 percent to EUR 2.091 bn 
(2014: EUR 1.863 bn). The operating margin in the first six months of 2015 rose to 
27.7 percent (2014: 27.3 percent).

In the Americas segment, Linde was able to achieve a significant increase in revenue in the first half of 2015 of 21.8 percent to EUR 2.552 bn 
(2014: EUR 2.095 bn). On a comparable basis, revenue rose by 7.0 percent. 
When compared with the prior-year period, operating profit increased by 28.1 percent to EUR 638 m (2014: EUR 498 m). The operating margin rose to 25.0 percent (2014: 23.8 percent).

In the Asia/Pacific segment, Linde generated revenue in the six months to 
30 June 2015 of EUR 2.086 bn. This was 14.9 percent more than the figure for the first half of 2014 of EUR 1.816 bn. On a comparable basis, revenue rose by 
1.4 percent. This growth was mainly underpinned by the acquisition of an LPG business in Australia. Operating profit rose by 13.0 percent to EUR 538 m 
(2014: EUR 476 m), giving an operating margin of 25.8 percent 
(2014: 26.2 percent). Macroeconomic trends in China remain solid, but the situation in Australia has continued to deteriorate.

In the EMEA segment (Europe, Middle East, Africa), Linde generated revenue of EUR 3.005 bn in the first six months of 2015, which was slightly higher than the figure achieved in the first half of 2014 of EUR 2.978 bn. On a comparable basis, revenue fell by 1.5 percent. The expiry of a hydrogen supply contract in Italy had a substantial adverse impact on revenue. At the end of 2014, the plant was transferred to the customer and since that date the plant has ceased to make a contribution to revenue. Operating profit was EUR 915 m, which was 2.9 percent higher than the figure for the first half of 2014 of EUR 889 m. The operating margin increased to 30.4 percent (2014: 29.9 percent).

Forecast: Linde has revised up its revenue forecast in the Gases Division from between EUR 14.9 bn and EUR 15.4 bn to between EUR 15.1 bn and EUR 15.5 bn mainly as a result of current trends in exchange rates. Linde is now seeking to achieve operating profit in the Gases Division of between EUR 4.1 bn and 
EUR 4.3 bn, compared with its previous forecast for operating profit of between 
EUR 4.05 bn and EUR 4.25 bn. In each case, achievement of the targets is dependent on ongoing trends in industrial production and on exchange rates.

Order backlog in the Engineering Division remains high 

The order backlog in the Engineering Division at 30 June 2015 remained high at EUR 4.191 bn (31 December 2014: EUR 4.672 bn). 

As a result of prevailing mood of restraint worldwide towards investment in plant construction, order intake in the six months to 30 June 2015 was EUR 724 m (2014: EUR 1.058 bn). The order intake in the first half of 2015 was evenly spread across the Asia/Pacific, Europe and North America regions, with a third of orders in each region. Around half of new orders are related to natural gas, hydrogen and synthesis gas plants.

Revenue in the Engineering Division fell in the first half of 2015 by 4.7 percent to EUR 1.351 bn (2014: EUR 1.418 bn). Operating profit was EUR 114 m, which was not as high as the figure for the prior-year period of EUR 141 m. The operating margin in the first six months of 2015 was 8.4 percent (2014: 9.9 percent). The operating margin continues to be above the industry average and matches the target Linde set itself for the current financial year.

Forecast: Order intake in Linde’s Engineering Division in the first half of 2015 was significantly lower than expected as a result of the persistently low price of oil and the resultant faltering demand in plant construction. The revenue forecast in the Engineering Division for the 2015 financial year has therefore been revised down. Linde is now seeking to generate revenue of between EUR 2.5 bn and EUR 2.7 bn, compared with its previous forecast of between EUR 3.0 bn and 
EUR 3.3 bn. Linde continues to expect to achieve an operating margin of around 8 percent.

Outlook 

"Continuing weak demand will remain the main challenge for us in the second half of 2015. This makes it all the more important now that we continue to act to strengthen our competitive situation," said Büchele.

To coincide with the publication of the interim report, a webcast for analysts will take place today at 2pm German time in English with Georg Denoke, CFO of Linde AG. Journalists will have the opportunity to watch the webcast by following this link:http://event.mescdn.com/linde/webcast-20150729


About The Line Group 

In the 2014 financial year, The Linde Group generated revenue of EUR 17.047 bn, making it the largest gases and engineering company in the world with approximately 65,500 employees working in more than 100 countries worldwide. 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 company is committed to technologies and products that unite the goals of customer value and sustainable development.

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16.07.2015
Nova punionica vodika u Munchen-u

New hydrogen fuelling station with technology from Linde opens in Munich

16.07.2015Munich

Munich, 16 July 2015 – Today, the TOTAL Multi-Energy fuelling station in Detmoldstrasse, Munich, opened its doors to drivers of hydrogen-powered fuel-cell cars. Equipped with innovative refuelling technology from Linde, the station is now home to the only public hydrogen fuelling service in the Bavarian state capital. 

(from left to right) Dr Andreas Opfermann (Linde), Guillaume Larroque (TOTAL), Matthias Klietz (BMW), Dr Veit Steinle (Federal Ministry of Transportation)

 

Linde was commissioned by TOTAL and BMW, which will be the hydrogen station's main user, to install its high-pressure cryogenic hydrogen pumps – also known as cryopumps – at the site in Detmoldstrasse. The technology was developed in-house by Linde and is designed to directly compress cryogenic liquid hydrogen stored at -253 degrees Celsius. "Linde is harnessing its expertise in cryogenic gases to reduce the amount of energy and storage space required at an integrated multi-energy fuelling station," explains Dr Andreas Opfermann, Head of Technology & Innovation at Linde.

Fuel-cell drive technology enables electric cars to be driven over long distances with short refuelling windows and zero tailpipe emissions. Under the umbrella of the Clean Energy Partnership (CEP), the new H2 fuelling station will, for instance, supply demo fuel-cell cars based on the BMW 5 Series Gran Turismo. 

Thanks to Linde's innovative technology, the station can offer two different fuelling technologies at separate pumps. Drivers can choose between industry-standard 700 bar compressed gaseous hydrogen (at -40 degrees Celsius) and cryo-compressed hydrogen at -233 degrees Celsius (pressurised at up to 300 bar). This last technique is suited to the pressurised cryogenic tanks in BMW fuel-cell cars. Linde has already established a strong position in the hydrogen refuelling market with its ionic compressor, which is widely used across the industry. The cryopump further strengthens the Group's position as a technology leader in this field. 

To meet rising demand for H2 infrastructure build-up, Linde opened the world’s first small-scale series production facility for hydrogen fuelling stations at its application centre in Vienna last year. 

Linde has also been operating the Linde Hydrogen Center in Unterschleissheim near Munich since 2006. The facility serves as a hydrogen fuelling station (not open to the public), technology test centre, training and demonstration centre. 
Having set up approximately 90 hydrogen fuelling stations in 15 countries and having successfully completed over one million refuelling operations, Linde is leading the way in H2 infrastructure development. With several auto manufacturers currently ramping up to series production, Linde is thus laying important groundwork for the successful roll-out of fuel-cell vehicles. 

About The Linde Group

In the 2014 financial year, The Linde Group generated revenue of EUR 17.047 bn, making it the largest gases and engineering company in the world with approximately 65,500 employees working in more than 100 countries worldwide. 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 company is committed to technologies and products that unite the goals of customer value and sustainable development.

Under the “Clean Technology by Linde” label, the company offers a wide range of products and technologies that help to render renewable energy sources financially viable, and significantly slow down the depletion of fossil resources or reduce the level of CO2 emitted. This ranges from specialty gases for solar module manufacturing, industrial-scale CO2 separation and application technologies to alternative fuels and energy carriers such as liquefied natural gas (LNG) and hydrogen. 

For more information, go to http://www.linde.com/cleantechnology 


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06.05.2013
Prvi kvartal 2013.godine, solidan financijski početak godine
  • Group revenue up 10.3 percent to EUR 3.985 bn

  • Group operating profit1 increases by 12.6 percent to EUR 953 m

  • Group operating margin rises to 23.9 percent (2012: 23.4 percent)

  • Short-term and medium-term outlook confirmed:

    • 2013: Increase in revenue; operating profit of at least EUR 4 bn

    • 2016: Operating profit of at least EUR 5 bn; ROCE2 of around 14 percent

 

Munich, 6 May 2013 – In the first quarter of 2013, the technology company The Linde Group again achieved increases in Group revenue and Group operating profit. "We have made a good solid start to the new financial year," commented Professor Dr Wolfgang Reitzle, Chief Executive Officer of Linde AG, on the interim report. "Despite less than favourable conditions especially in the mature markets, we have continued to achieve profitable growth. Our newly-acquired operations in the Healthcare product area made the most significant contribution here."

As far as the rest of the year is concerned, Reitzle said, "We expect to achieve further increases over the coming months and we confirm our outlook. We want to generate higher Group revenue in 2013 than in 2012 and to achieve our target for Group operating profit for the current year of EUR 4 bn." Linde also believes that it remains on track to achieve its medium-term targets. The Group is still seeking to generate Group operating profit of at least EUR 5 bn in the 2016 financial year. Return on capital employed (ROCE) should be around 14 percent in the same year.

In the first quarter of 2013, Group revenue rose by 10.3 percent to EUR 3.985 bn, compared with EUR 3.614 bn in the first three months of 2012. After adjusting for exchange rate effects, the increase in revenue was 11.8 percent. Contributing to this positive trend was US homecare company Lincare, acquired by Linde in August 2012. Revenue generated by Lincare in the reporting period was EUR 397 m.

Linde was able to continue to reinforce its profitability at a high level and to increase Group operating profit by 12.6 percent to EUR 953 m (2012: EUR 846 m). As a result, the Group operating margin rose to 23.9 percent (2012: 23.4 percent).

Profit for the period rose in the first quarter of 2013 by 10.0 percent to EUR 340 m (2012: EUR 309 m). After adjusting for non-controlling interests, profit for the period attributable to Linde AG shareholders was EUR 318 m (2012: EUR 282 m). This gives earnings per share of EUR 1.72 (2012: EUR 1.65). On an adjusted basis, i.e. after adjusting for the effects of the purchase price allocation from the BOC acquisition, earnings per share stood at EUR 1.94 (2012: EUR 1.88).

 

Gases Division

Linde achieved 14.8 percent revenue growth in the Gases Division in the three months to 31 March 2013 to EUR 3.448 bn, when compared with revenue of EUR 3.004 bn in the first quarter of 2012. When considering this substantial increase, the newly-acquired Lincare business should be taken into account. During the reporting period, Lincare contributed revenue of EUR 397 m to the total revenue of the Gases Division. On a comparable basis (i.e. excluding exchange rate and natural gas price effects and the consolidation effect of Lincare), the increase in revenue was 3.7 percent. Within the Gases Division, Lincare is included in the Americas reportable segment and the Healthcare product area.

Linde's Gases Division saw a 14.5 percent increase in operating profit to EUR 942 m (2012: EUR 823 m). This gives an operating margin of 27.3 percent (2012: 27.4 percent).

Business trends in the individual segments in the Gases Division varied in each case, depending on prevailing economic conditions.

In the EMEAsegment (Europe, Middle East, Africa), revenue rose by 2.5 percent in the first quarter of 2013 to EUR 1.497 bn (2012: EUR 1.460 bn). On a comparable basis, the increase in revenue was 4.0 percent. In line with the revenue trend, operating profit improved by 2.6 percent, rising to EUR 430 m (2012: EUR 419 m). The operating margin achieved in the first three months of 2013 of 28.7 percent was exactly the same as the high figure achieved in the prior-year period. Business in the EMEA region was strengthened in particular as a result of the contribution made by the Continental European homecare operations acquired by Linde from Air Products in April 2012.

Business trends in the EMEA segment were adversely affected by the prevailing unfavourable economic conditions in the eurozone. Demand in the liquefied gases and cylinder gas product areas was accordingly modest, while the on-site business remained relatively stable.

The market environment in Eastern Europe was characterised by a slowdown in economic activity. The economy in the Middle East on the other hand remained robust.

In the Asia/Pacific segment, revenue rose by 3.3 percent in the three months to 31 March 2013 to EUR 926 m (2012: EUR 896 m). On a comparable basis, the increase in revenue was 5.4 percent. In particular, growth in the first quarter was adversely affected by the weaker economic environment in the South Pacific region. Operating profit was up 2.6 percent to EUR 240 m (2012: EUR 234 m). This resulted in an operating margin of 25.9 percent (2012: 26.1 percent).

Within the Asia/Pacific segment, Linde achieved its greatest business expansion in South & East Asia. In the cylinder gas and liquefied gases product areas, the Group saw volume increases in most of the countries in the region. Linde also generated significant revenue growth in the Greater China region. In the South Pacific region on the other hand the market was characterised by declining volumes, especially in the technical accessories and equipment business.

In the Americas segment, Linde saw 56.8 percent revenue growth in the first three months of 2013 to EUR 1.054 bn (2012: EUR 672 m). This significant increase was due above all to the positive contribution made by US homecare company Lincare. Lincare operates solely in North America and contributed revenue of EUR 397 m to the total revenue of the Americas segment in the first quarter of 2013. On a comparable basis (i.e. excluding exchange rate and natural gas price effects and the consolidation effect of Lincare), the increase in revenue in this segment was 2.2 percent.

Operating profit rose at a faster rate than revenue, by 60.0 percent to EUR 272 m (2012: EUR 170 m), mainly as a result of the newly-acquired Lincare business. The operating margin increased accordingly to 25.8 percent (2012: 25.3 percent).

In North America, there were positive trends in the liquefied gases product area, while growth in South America was boosted in particular by increases in revenue in Venezuela and Argentina.

A comparison of the various product areas in the Gases Division reveals that, as expected, the fastest rate of growth was in the Healthcare business, following the acquisitions made by the Group in the course of 2012. Here, Linde generated revenue in the first quarter of 2013 of EUR 764 m, more than double the figure achieved in the first quarter of 2012 of EUR 310 m. Excluding exchange rate effects and the consolidation effect of Lincare, revenue growth in the Healthcare product area was 10.7 percent.

In the cylinder gas product area, revenue generated was EUR 997 m. On a comparable basis, this was exactly the same as the figure for the prior-year period of EUR 997 m. In the liquefied gases product area, Linde achieved a slight increase in revenue in the first quarter of 2013 on a comparable basis of 0.7 percent to EUR 812 m (2012: EUR 806 m). In the on-site business, where Linde supplies gases on site to major customers, revenue rose on a comparable basis by 5.0 percent to EUR 875 m (2012: EUR 833 m).

 

Gases Division – Outlook

Recent economic forecasts continue to indicate that the global gases market will grow at a somewhat faster rate in 2013 than in 2012. Linde remains committed to its original target in the gases business of outperforming the market and continuing to increase productivity.

In the on-site business, Linde has a healthy project pipeline, which will continue to make a substantial contribution to revenue and earnings for the remaining part of the 2013 financial year. The Group expects its liquefied gases and cylinder gas product areas to perform in line with macroeconomic trends. In the Healthcare product area, Linde is expecting to achieve significant increases in revenue and earnings as a result of the acquisitions it has concluded, especially Lincare.

Against this background, Linde continues to expect that revenue generated by the Gases Division in the 2013 financial year will be higher than that achieved in 2012 and that operating profit will increase in the current year.

 

Engineering Division

In Linde's Engineering Division, the first quarter of 2013 was characterised by a number of significant new orders. There was a dynamic increase in order intake to EUR 1.379 bn in the first three months of 2013, 81.7 percent higher than the figure for the first three months of 2012 of EUR 759 m. Revenue and earnings trends reflected the expected progress on individual plant construction projects. Revenue in the first quarter of 2013 was EUR 552 m (2012: EUR 601 m), while in the same period Linde achieved an operating profit of EUR 66 m (2012: EUR 73 m). The operating margin once again reached a very high level (12.0 percent in the first quarter of 2013, 12.1 percent in the first quarter of 2012).

More than half of the newly-acquired projects related to the air separation plant product area. Linde was, for example, awarded a major contract by Reliance Industries Ltd. (RIL) to build six air separation plants for the production of gaseous oxygen at the Jamnagar refinery and petrochemical site in India. Under the terms of this contract, which is worth around EUR 450 m, Linde will also supply two synthesis gas purification units. Linde has also scored further successes in the first quarter of 2013 in the growing market for natural gas plants. The Norwegian company Gassco AS gas commissioned Linde to build a natural gas terminal in Emden in northern Germany. The contract is worth around EUR 260 m.

Given the very positive trend in orders, the order backlog in the Engineering Division increased significantly in the first quarter of 2013 to EUR 4.578 bn (31 December 2012: EUR 3.700 bn).

 

Engineering Division – Outlook

A relatively stable market environment is expected in the international large-scale plant construction business in the remaining part of 2013. The high order backlog creates a good basis for a solid business performance in the Engineering Division over the next two years. Linde continues to expect to generate the same level of revenue in its plant construction business in the 2013 financial year as in 2012. Linde is still anticipating that it will achieve an operating margin in the current financial year of at least 10 percent.

Linde is well-positioned in the international market for olefin plants, natural gas plants, air separation plants and hydrogen and synthesis gas plants and will derive lasting benefit in particular from investment in two structural growth areas: energy and the environment.

To coincide with the publication of the quarterly financial statements, a webcast for analysts will take place today at 2pm German time in English with Georg Denoke, CFO of Linde AG. Journalists will have the opportunity to watch the webcast by following this link:

http://event.onlineseminarsolutions.com/r.htm?e=606440&s=1&k=7075B9F3CBC93BA240F49D8EC4DAF526

 

About The Linde Group

The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. In the 2012 financial year, Linde generated revenue of EUR 15.280 bn. The strategy of the 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. 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 www.linde.com

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06.05.2013
Linde otkupljuje 400 mil EUR obveznica

Munich, 06 May 2013 – The Linde Group has decided to call and redeem the EUR 400 m Undated Subordinated Bond issued by Linde Finance B.V. in 2003 and guaranteed by Linde AG at its nominal amount. Call and Redemption of the bond shall be made in accordance with the terms and conditions of the Bond on July 3, 2013.

"Our solid financial position and strong equity base allow us to redeem the subordinated bond on its first call date," said Georg Denoke, member of the Executive Board and CFO of Linde AG. "This decision marks no change in our conservative financing strategy of long-term orientation and safeguarding liquidity. Any future plans for our other outstanding subordinated instruments' call options will be done on a case-by-case basis."

 

About The Linde Group

The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. In the 2012 financial year, Linde generated revenue of EUR 15.280 bn. The strategy of the 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. 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 www.linde.com

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22.05.2012
Linde potpisao novi ugovor sa Samsung Electronic

Linde expands TFT-LCD footprint in China with major gas contract for Samsung Electronics in Suzhou

Contract is the third major TFT-LCD project secured by Linde in less than 12 months

Munich, 22 May 2012 – Linde LienHwa (LLH), The Linde Group's joint venture with LienHwa MiTAC Group of Taiwan, a leader in electronics gas supply and solutions, today announced a significant long-term deal with Samsung Electronics to supply gases for its latest 8.5 generation TFT-LCD manufacturing plant in Suzhou Industrial Park (SIP), China. Industrial gases are essential to the production of transistors that control the pixels in LCD screens.

This major gas supply contract marks a further milestone in Linde's continuing expansion in Asia and is strategically significant for Linde LienHwa's position in eastern China. It also strengthens Linde's leading position as a gas supplier for the electronics industry, demonstrating the increasing demand for the company's gases and solutions from electronics manufacturers across the world. Linde has become the first choice gas supply partner for TFT-LCD manufacturing in China with substantial gas contracts in place with the three largest flat panel display manufacturers.  

Very large volumes of ultra-high purity gases play a critical part in the manufacture of TFT-LCD screens. They are used to create the microscopic thin-film transistors (TFT) required to control each of the thousands of pixels that make up the visible image.

According to IHS iSuppli, global large panel area capacity is set to increase by 78 percent in the next four years, reaching 283 million square meters by 2015. In 2012 alone, the analyst specialist predicts a 30 percent growth in large panel area capacity globally, with an increase of 151 percent in China.

Under this agreement, Linde LienHwa will provide Samsung Electronics with a turnkey installation of the TFT-LCD plant's bulk gases supply systems, with a gas-on-line date of the end of 2012. Linde LienHwa's extensive scope includes the construction of a new on-site SPECTRA-N 30,000 series nitrogen generator supplying gas to Samsung via an underground pipeline. Overall investment is in the region of EUR 50 million (RMB 500 million). This will double Linde LienHwa's capacity in Suzhou Industrial Park, and demonstrates the significant growth potential of this market.

"This new project significantly strengthens our industry references and reinforces our leading role in the TFT-LCD industry. The agreement with Samsung Electronics demonstrates our commitment to help our customers develop state of the art manufacturing solutions. It also shows we are confident about the growth of the electronics market in Asia," said Andrew Lau, President and General Manager of Linde LienHwa China.

Peter Owen, Head of Linde's Global Electronics business and Asia Joint Venture Management, concludes "This significant contract is further acknowledgement of our global capability to supply and service leading TFT-LCD manufacturers with a full portfolio of gases and equipment. We look forward to building a strong working relationship with Samsung Electronics at their Suzhou site." 

Samsung's new panel facility is constructed by Suzhou Samsung LCD (SSL). SSL was established in April 2011 as a joint venture between Samsung, SIP and TCL Corporation. SIP is expected to become China’s largest advanced LCD production cluster.

 

About Linde LienHwa (LLH)
Linde LienHwa (LLH) is a joint venture in mainland China between The Linde Group and LienHwa MiTAC Group of Taiwan, is dedicated to the supply of ultra-high purity gases and the delivery of engineering projects and services to the semiconductor, TFT-LCD, photovoltaic and LED industries. LLH provides Chinese industries with a powerful combination of local infrastructure and technology from the market leader in gases and chemical supply.

 

About The Linde Group
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 generated revenue 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, visit our website at www.linde.com or www.linde-gas.com/electronics

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