Linde to build Vietnam's largest air separation unit
Linde AG /
Linde to build Vietnam's largest air separation unit
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Munich, 29 August 2012 - Technology company The Linde Group has been awarded a
long-term contract to supply Vietnamese steel company POSCO SS-Vina (PSSV) with
industrial gases. PSSV and local Group member Linde Gas Vietnam (LGV) recently
signed an agreement to this effect. The deal will see Linde construct the
country's largest air separation unit at the Phu My industrial park in Ba Ria
(Vung Tau province). The Group will be investing a total of around EUR 40
million in the project.
"We are delighted to have the opportunity to work with POSCO again through this
project," said Sanjiv Lamba, Member of the Executive Board of Linde AG
responsible for the Group's business in the Asia Pacific. "Our decision to
invest and build what will be Vietnam's largest air separation plant, and also
Linde's largest investment in the country to date, demonstrates our steadfast
commitment to support our valuable customer POSCO in its regional growth plans
and meet future market opportunities in Vietnam."
The new state-of-the-art air separation unit will be able to produce 35,000
normal cubic metres of air gases per hour (Nm(3)/h) and is set to go on stream
in 2014. It will supply the new steelworks that PSSV is currently building in
Phu My with gaseous oxygen, nitrogen and argon, and also manufacture products
for the regional market in southern Vietnam.
Towards the end of 2007, Linde Gas Vietnam was the first industrial gases
company to start supplying customers at the Phu My industrial park. LGV
currently supports several customers in the cluster with air gases from an
existing air separation unit. It also manufactures hydrogen from a steam methane
reformer, which - with a capacity of 1,000 Nm(3)/h - is the largest plant of its
type in Vietnam.
The Linde Group is a world-leading gases and engineering company with around
51,000 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.
For more information, see The Linde Group online at http://www.linde.com.
Further information:
Media Investor Relations
Uwe Wolfinger Dr Dominik Heger
Phone: +49.89.35757-1320 Phone: +49.89.35757-1334
Dr Thomas Hagn Lisa Tilmann
Phone: +49.89.35757-1323 Phone: +49.89.35757-1328
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