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03.06.2011
Daimler i Linde nastavljaju sa razvojem infrastrukture za vozila pokretana gorivim ćelijama
  • Joint project agreed to build 20 hydrogen (H2) filling stations in Germany
  • Significant contribution for Germany as the lead market for electromobility
  • Major impetus for existing H2 infrastructure initiatives

 

Stuttgart/Munich, 1 June 2011 – Car manufacturer Daimler and technology company The Linde Group are pressing ahead with the development of an infrastructure for hydrogen-powered fuel-cell vehicles. Over the coming three years, the two companies plan to construct an additional 20 hydrogen filling stations in Germany, thereby ensuring a supply of hydrogen produced purely from renewable resources for the steadily increasing number of fuel-cell vehicles on the roads. The initiative links in with the existing H2 Mobility and Clean Energy Partnership infrastructure projects, which are being subsidised by the National Innovation Programme for hydrogen and fuel-cell technology (NIP). This places Germany at the international forefront of hydrogen infrastructure development.

The initiative that Linde and Daimler are embarking upon involves investment running into the tens of millions, and is set to more than triple the number of public hydrogen refuelling points in Germany. The new stations will be located in the current hydrogen centres of Stuttgart, Berlin and Hamburg as well as along two new continuous north-south and east-west axes. The aim is to use existing sites belonging to different petroleum companies that are strategically located in the traffic network. This will make it possible to drive anywhere in Germany with a fuel-cell-powered vehicle for the first time. One of the focal points for the infrastructure's extension will be in Baden-Württemberg, where, 125 years after the invention of the motor car, the stage is being set for its reinvention.

"Together with the fuel cell, hydrogen is set to be of fundamental importance to the expansion of electromobility," explained Prof. Dr. Wolfgang Reitzle, Chief Executive Officer of Linde AG. "We are delighted to be able to play such an instrumental role in shaping this development together with Daimler. We see ourselves as providing an impetus for existing initiatives, such as H2 Mobility and the Clean Energy Partnership (CEP), and wish to support the commercialisation of hydrogen vehicles as best we can. By systematically developing hydrogen technology, Germany can assume a pioneering role in this field and establish itself as the industry leader as we move towards emission-free mobility."

"The fuel cell represents a decisive step forward for electromobility, as it enables zero-emission driving with high ranges and short refuelling times – and not just for passenger cars, but for commercial vehicles, too. In partnership with Linde, we are now taking the next step by getting things going on the infrastructure side. 20 new hydrogen filling stations will give the market a major stimulus," remarked Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars at the finish of the Mercedes-Benz F-CELL World Drive in Stuttgart. Having started off from Stuttgart at the end of January, the first circumnavigation of the globe in fuel-cell vehicles took in four continents and 14 countries. Each of the vehicles involved covered over 30,000 kilometres. Linde accompanied the F-CELL World Drive as the exclusive hydrogen partner, providing the zero-emission vehicles with a mobile supply of hydrogen for the duration of the tour.

Construction and commissioning of the new filling stations will already start in 2012. Other partners from the petroleum, power supply or automotive industries, for instance, are welcome to become involved in the joint initiative that has been set up by Daimler and Linde.

 

Background: the infrastructure of hydrogen filling stations in Germany

The successful introduction of fuel-cell vehicles depends on the development of a public hydrogen supply infrastructure. The first centres have already sprung up in large metropolitan areas, such as Berlin and Hamburg. There are nearly 30 hydrogen refuelling points in Germany at the current time, seven of which are integrated into a public filling station facility. This means that Germany clearly leads the way in Europe. To begin with, just five to ten filling stations are sufficient for conveniently servicing the requirements of a large city. Joining up these urban centres – for example Berlin with Hamburg, Stuttgart with Munich – by means of corridors along the arterial roads between them is a major step forward towards the establishment of a nationwide public H2 infrastructure.

 

The Linde Group is a world-leading gases and engineering company with around 48,700 employees 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

 

About Daimler: The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the motor car in the year 1886. 125 years later, in the anniversary year of 2011, Daimler AG is one of the world’s most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides its customers with a full range of automotive financial services, including financing, leasing, insurance and fleet management. As an automotive pioneer, Daimler continues to shape the future of mobility today. The company applies innovative and green technologies to produce safe and superior vehicles which fascinate and delight its customers. When it comes to the development of alternative drive systems, Daimler is the only automotive manufacturer investing in all three technologies of hybrid drive, electric motors and fuel cells, with the goal of achieving emission-free mobility in the long term. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its vehicles and services in nearly all the countries of the world, and has production facilities on five continents. In addition to Mercedes-Benz, the world’s most valuable automotive brand, Daimler’s brand portfolio includes smart, Maybach, Freightliner, Western Star, BharatBenz, Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the Frankfurt and Stuttgart stock exchanges (stock exchange symbol DAI). In 2010, the Daimler Group sold 1.9 million vehicles and employed a workforce of over 260,000 people; revenue totalled €97.8 billion and EBIT amounted to €7.3 billion.

Further information from Daimler is available on the internet:
www.media.daimler.com and www.daimler.com

 

Linde AG

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17.05.2011
Linde podružnica BOC-a nagrađena za akreditaciju laboratorija

Linde subsidiary BOC awarded elite accreditation as testing laboratory

Munich, 16 May 2011 - Linde Gases, a division of The Linde Group, today announced that accreditation as a testing laboratory by the United Kingdom Accreditation Service (UKAS) was awarded to the company’s UK subsidiary, BOC. The internationally recognised ISO/IEC17025 accreditation is recognition of the organisation’s exceptionally high level of technical competence achieved in analytical testing and its ability to meet the very stringent standards set by UKAS. The accreditation also represents a significant extension to Linde’s current scope as a gas calibration laboratory. 

Linde has had a longstanding accreditation to produce and sell calibration gas mixtures for uses in highly regulated areas such as environmental monitoring, legal metrology and fiscal measurements. The extension to scope as a testing laboratory means the company can now offer customers, not only in the UK, but globally, sampling and testing services for certain aviation and breathing standards including liquid oxygen, liquid nitrogen and compressed air.

“We are delighted with this accreditation as a testing laboratory”, said Stephen Harrison, Head of Specialty Gases and Specialty Equipment, Linde Gases Division. “It validates our gas analysis competence to a highly sophisticated level and makes us one of an elite number of organisations to offer this type of gas analytics. Analytical capabilities drive change – resulting in improvements to the quality of the air we breathe, the food we eat and the environment around us. This accreditation reaffirms Linde’s place at the forefront of gas technology and as a pioneer in helping to improve safety and quality of life.”


About The Linde Group

The Linde Gases Division, part of the Linde Group, is a leader in the international industrial and healthcare gases markets, providing compressed, bulk, specialty and medical gases, as well as chemicals to virtually all fields of industry globally. The company adds value to its customers’ businesses through the provision of state-of-the-art application technology, process know-how, services and equipment.

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 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 http://www.linde.com.

 

Contact:

Susan Brownlow
Public Relations Manager
Telephone: +44.7825-853814

E-Mail: susan.brownlow@linde.com


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11.05.2011
Nova serija regulatora za zahtjevne aplikacije

Linde launches specialty gases regulators to meet increasingly tight food and pharmaceutical production standards

Munich, 4 May 2011 – Linde Gases, a division of The Linde Group, today announced the launch of its new range of U.S. GRAS (Generally Recognised as Safe) and EU (European Union) approved food and pharmaceutical grade specialty gases regulators. The demands of international legislation and country-specific regulations governing food and pharmaceutical drug processing and handling are becoming ever more rigorous. In response, specialty gases and the specialty equipment to effectively and safely administer those gases are becoming highly sophisticated.

Within the food and pharmaceutical production industries, the high standards set for gas purity, traceability requirements, the classification of gases as additives, in addition to increasingly rigorous directives on the use of plastics coming into contact with foodstuffs, all mean that each internal component of regulators used in certain food and pharmaceutical processing applications must be made from suitably inert materials. This is in order to avoid any contamination or chemical reaction with the gas or gas mixture. All components of Linde’s new food and pharmaceutical regulator range have been developed to deliver an unconditional level of gas purity.

“Linde is constantly innovating in order to provide food and pharmaceutical processing customers with highly effective products to enhance the quality and safety of their operations,” said Stephen Harrison, Head of Specialty Gases and Specialty Equipment, Linde. “The new range of HiQ® food and pharmaceutical regulators is a significant step forward in allowing us to offer comprehensive solutions to these customers – particularly those operating across international boundaries, allowing them to buy confidently knowing they have a guarantee of international consistency.”

Linde’s new food and pharmaceutical regulator range has been developed to meet the stringent requirements of the FDA (Food and Drug Administration), and are suitable for use with FDA GRAS-approved food additive gases and also with process gases used in pharmaceutical production. The regulators are also in line with EC (European Commission) regulation 1935/2004 for food gas packaging applications such as MAP (Modified Atmosphere Packaging), the food preservation technique to enhance shelf life.

 

About HiQ®

The HiQ® specialty gases product range from Linde supplies high purity gases, gas mixtures, precision engineered equipment and gas distribution systems, and services and support, to a wide range of industries employing specialty gases applications. It encompasses, but is not limited to, REDLINE® specialty gases equipment, BASELINE® specialty gases regulators, SPECTRA-SEAL® calibration gas mixtures, ECOCYL® portable specialty gases solutions, SPECTRA fine chemical, high purity and VOC calibration gases, plus VERISEQ® pharmaceutical grade gases.

 

About The Linde Group

The Linde Gases Division, part of the Linde Group, is a leader in the international industrial and healthcare gases markets, providing compressed, bulk, specialty and medical gases, as well as chemicals to virtually all fields of industry globally. The company adds value to its customers’ businesses through the provision of state-of-the-art application technology, process know-how, services and equipment.

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 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 http://www.linde.com.

 

Contact:

Susan Brownlow
Public Relations Manager
Telephone: +44.7825-853814
E-Mail: susan.brownlow@linde.com


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10.05.2011
Tehnologija proizvodnje električne energije iz ugljena sa manjim onečišćenjem okoliša
Enabling technology for low-polluting electricity generation from coal: Successful pilot plant for CO2 capture to start long-term test

Joint press release of RWE Power, BASF and Linde

  • Successful cooperation for CO2 scrubbing of RWE Power, BASF and Linde to be continued.
  • Federal Economics and Technology Ministry to support project with some € 4 million.

 

Essen/Cologne, Ludwigshafen, Munich, 11 March 2011 – A separation efficiency of 90 percent, high purity and much lower energy input: These are the results of the research project for CO2 scrubbing, which RWE Power, BASF and Linde are conducting together. The partners have now decided to launch the next project phase. The pilot plant which was commissioned in the coal innovation centre in Niederaussem in 2009 will go through a long-term test from March until the end of 2013. Further process-engineering optimisations will be made to the plant as the research programme continues. Overall, € 6 million will be invested. The Federal Ministry of Economics and Technology is sponsoring the innovative project with some € 4 million. The ministry had already underscored its importance by funding the project with € 4.5 million when it was started in 2007.

"Efficient CO2 scrubbing is key to the success of carbon capture and storage technology, i.e. the removal and storage of carbon dioxide", emphasized Dr. Johannes Lambertz, Chief Executive Officer of RWE Power. "Together with our partners, we want to move CCS forward as an enabling technology for low-polluting electricity generation from coal. The politicians also have to do their bit: We need a CCS law implementing the requirements of the EU Directive without any special conditions to enable the technology to be used in Germany in the long run," Lambertz continued.

As we continue this highly successful cooperative venture, we are very confident that we will further optimise and develop this technology to have it ready for commercial use by 2013,” said Dr. Stefan Blank, Senior Vice President, who heads the Amines Europe business unit in BASF’s Intermediates division. "This cooperation is a venture of global relevance," said Dr. Aldo Belloni, Member of the Executive Board of Linde AG. "It is about environmentally benign energy generation on a large scale. We are happy to be able to make a contribution to this extremely promising project with our expertise in many fields of CO2 management. We will continue to expand our activities in the growth market of energy and the environment in the future.“

Different scrubbing agents were initially tested in three test phases of six months each as part of the pilot operation of the CO2 scrubbing plant connected to the Niederaussem lignite-fired power plant to finally identify an optimum solvent developed by BASF. Result: Compared with processes commonly used today, the energy input can be reduced by about 20 percent when using the new chemical solvent for CO2 capture. The new scrubbing agent also comes with significantly increased stability and resistance to oxygen. This reduces the solvent consumption substantially. In the test phase starting now, the structure of the CO2 absorber, where the CO2 is removed from the flue gas, is to be optimised by Linde so that carbon dioxide can be removed even more effectively from the flue gas. If the test is successful, CO2 absorbers for large-scale power plants, for example, could be made smaller and hence less costly. The reconstruction is starting in the middle of the year and will be complete by the end of the year.

The results of the long-term test are intended to provide valuable findings for the large-scale use of the CCS technology which leading members of the Intergovernmental Panel on Climate Change believe has a key role to play in combating climate change. Using this technology, more than 90 percent of carbon dioxide could then be removed from the flue gases of power plants or other industrial processes from 2020. The CO2 could then be stored underground or be converted to other substances, e.g. fertilizers.

About RWE Power
RWE Power is Germany's largest electricity producer. Over 17,000 employees work in the opencast mines and power plants, processing plants and research projects, training centres and administrative offices. With a power plant capacity of 33,000plus megawatts, the company contributes to RWE's broad energy mix of lignite, hard coal, nuclear power, gas and renewable energies. RWE Power invests billions in the construction of new, low-polluting power plants and in the development of even more efficient, environmentally benign technologies for power generation in the future.
More information and pictures are available at
www.rwe.com.

About The Linde Group
The Linde Group is a world-leading gases and engineering company with around 48,500 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 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. More information about The Linde Group is available online at
http://www.linde.com.

About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of about €63.9 billion in 2010 and had approximately 109,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at
www.basf.com or in its Social Media Newsroom at newsroom.basf.com.

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10.05.2011
Siječanj - ožujak, porast dobiti za Linde Grupu se nastavlja

Group sales grow 14.9 percent to EUR 3.325 bn

  • Group operating profit* increases at a faster rate than sales, by 18.7 percent to EUR 761 m
  • Group operating margin up 80 basis points to 22.9 percent
  • Increase in earnings per share from EUR 1.17 to EUR 1.67
  • Holistic concept for sustainable process optimisation and efficiency gains (HPO) is proving effective
  • Group outlook for 2011 confirmed: growth in sales and earnings expected


 

Munich, 4 May 2011 – The technology company The Linde Group has made a good start to the new financial year, achieving significant increases in Group sales and Group operating profit in the first three months of 2011. "We have again seen profitable growth and are well on the way to achieving our targets," said Professor Dr Wolfgang Reitzle, Chief Executive Officer of Linde AG. "We confirm our Group outlook and expect to achieve higher levels of Group sales and Group operating profit in the 2011 financial year than in 2010." CEO Reitzle is also confident about the medium-term future of the Group: "We are well-positioned and will take full advantage of the opportunities available, especially in the environmental and energy sectors, the growth markets of Asia and the medical gases business."

In the first quarter of 2011, Group sales rose by 14.9 percent to EUR 3.325 bn, compared with sales for the first quarter of 2010 of EUR 2.894 bn. After adjusting for exchange rate effects, the increase in sales was 10.6 percent. Linde has continued to improve its profitability, achieving an 18.7 percent increase in Group operating profit* to EUR 761 m (2010: EUR 641 m). Operating profit has increased at a faster rate than sales. The Group operating margin was 22.9 percent, 80 basis points above the figure for the comparable prior-year period of 22.1 percent. The ongoing improvement in Linde's profitability demonstrates that the Group is continuing to make progress with the determined implementation of HPO (High Performance Organisation), its holistic concept for sustainable process optimisation and efficiency gains.

Earnings before taxes on income (EBT) rose significantly, by 40.3 percent to EUR 397 m (2010: EUR 283 m). Earnings after tax increased by 42.3 percent to EUR 303 m (2010: EUR 213 m). After adjusting for minority interests, earnings attributable to Linde AG shareholders were EUR 284 m (2010: EUR 198 m), giving earnings per share of EUR 1.67 (2010: EUR 1.17). 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 1.88 (2010: EUR 1.41).

Gases Division

The improvement in the economic situation in the first quarter of 2011 also resulted in ever-rising demand in the worldwide gases business. Linde was able to benefit from this positive trend in all product areas, due to the Group's global footprint and its strong position especially in the emerging economies.

Sales in the Gases Division in the first three months of 2011 grew 13.8 percent to EUR 2.662 bn, compared with the figure of EUR 2.340 bn for the first quarter of 2010. On a comparable basis, i.e. after adjusting for exchange rate effects, changes in the price of natural gas and changes to Group structure, sales were up 8.3 percent.

The growth in operating profit of the Gases Division of 16.3 percent to EUR 727 m (2010: EUR 625 m) once again outpaced the increase in sales. The operating margin improved by 60 basis points to 27.3 percent (2010: 26.7 percent). This latest increase in profitability was also due to the positive impact of HPO’s efficiency improvement and process optimisation measures. Also in evidence here was a higher level of capacity utilisation in production plants in the first quarter of 2011 than in the first quarter of 2010.

Business trends in the various operating segments of the Gases Division reveal that the dynamics of economic activities still varies from region to region. In the first three months of 2011, the highest growth rates were once again to be seen in Asia (especially in China and India) and in South America. At the same time, the economic recovery also continued in the mature markets, such as the US and Western Europe.

In the EMEA operating segment (Europe, Middle East, Africa), Linde achieved sales growth of 10.2 percent in the first quarter of 2011 to EUR 1.393 bn (2010: EUR 1.264 bn). On a comparable basis, the growth in sales was 6.0 percent. Operating profit again increased at a faster rate than sales, rising 12.5 percent to EUR 395 m (2010: EUR 351 m). This resulted in an operating margin of 28.4 percent, 60 basis points above the figure for the prior-year period of 27.8 percent. Here too, the determined implementation of the various productivity improvement and process standardisation initiatives which form part of the HPO programme made a positive contribution.

Linde achieved a high rate of growth in the Asia/Pacific operating segment, boosted by continuing economic dynamism in Asia and based on its leading position in these markets. In the first quarter of 2011, sales in this region grew 22.5 percent to EUR 707 m (2010: EUR 577 m). On a comparable basis, the increase in sales was 11.0 percent. Operating profit rose by 21.0 percent to EUR 196 m (2010: EUR 162 m). At 27.7 percent (2010: 28.1 percent), the operating margin again reached a very high level. To sustain this level of profitability, Linde is continuing here too with the implementation of its HPO concept.

In the Americas operating segment, sales in the first three months of 2011 grew 12.8 percent to EUR 580 m (2010: EUR 514 m). On a comparable basis, the increase in sales was 11.1 percent. In this region too, operating profit rose at a faster rate than sales, by 21.4 percent to EUR 136 m (2010: EUR 112 m). The operating margin was 23.4 percent, an increase of 160 basis points over the figure for the first quarter of 2010 of 21.8 percent. Beside positive one-off effects, it has been the progress achieved by Linde in the implementation of HPO, which contributed to this substantial increase in the margin.

The performance in the individual product areas reflects the overall positive trend in the Gases Division in the first quarter of 2011. Linde achieved its highest rate of growth in the on-site business, where it supplies gases on site to major customers. Sales in this product area rose on a comparable basis by 12.1 percent to EUR 659 m (2010: EUR 588 m). The cylinder gas business continued its steady upward trend, achieving growth of 7.5 percent to EUR 1.075 bn (2010: EUR 1.000 bn). Sales in the liquefied gases business in the first quarter increased by 7.3 percent to EUR 636 m (2010: EUR 593 m). The Healthcare product area, the medical gases business and related maintenance and advisory services, again saw steady growth, achieving sales of EUR 292 m, 5.8 percent above the sales figure for the prior-year quarter of EUR 276 m.

Gases Division – Outlook

Linde remains committed to its original target in the gases business of growing at a faster pace than the market and continuing to improve productivity. In the on-site business, Linde has a full project pipeline, which will make a significant contribution to sales and earnings in the 2011 financial year. The liquefied gases and cylinder gas business is set to benefit from the continuing general economic recovery. Linde expects the positive business trend in the Healthcare product segment to continue, and expects a higher rate of sales growth than in 2010. Against this background, Linde anticipates that sales generated by the Gases Division in the 2011 financial year will exceed sales achieved in 2010 and that operating profit will grow at a faster pace than sales.

Engineering Division

The market environment in the international large-scale engineering business continued to stabilise in the first quarter of 2011. In the four main product segments (olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants), Linde saw a revival in investment activity.

Sales in the Engineering Division in the first quarter of 2011 increased by 14.3 percent to EUR 591 m (2010: EUR 517 m). The successful execution of a number of individual projects meant that operating profit grew at a faster rate than sales, rising 21.6 percent to EUR 62 m (2010: EUR 51 m). The operating margin was 10.5 percent (2010: EUR 9.9 percent), again significantly exceeding the target figure of 8 percent.

Order intake in the three months ended 31 March 2011 was EUR 444 m (2010: EUR 502 m). In the engineering project business, a comparison between the situation at the end of the current quarter and the prior-year quarter is only of limited use. Projects do not arise at regular intervals and individual major projects can have a significant impact on this key figure in a particular quarter. As in previous quarters, order intake in the first quarter of 2011 was characterised by a number of small and medium-sized new orders.

Linde's order backlog remains high. At 31 March 2011, it stood at EUR 3.714 bn (31 December 2010: EUR 3.965 bn).

Engineering Division – Outlook

The high order backlog provides a good basis for a solid business performance in the Engineering Division over the next two years. Linde expects to achieve the same level of sales in its engineering business in the 2011 financial year as in 2010. The target figure for the operating margin in the current financial year is at least 8 percent.

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

The Linde Group is a world-leading gases and engineering company with around 48,700 employees 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

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