After publicising a positive first fiscal half to 2011, Linde has also revealed the planned construction of two large air separation plants in China.
The Linde Group is set to build and operate two large air separation plants to supply gases on site to the Chinese company Yantai Wanhua in Shandong. The contract value is anticipated at €130m and was signed on 26th July 2011.
$quot;We are very excited to be working with Wanhua in this project and further enhancing our strategic relationship with a company that is truly taking the lead in advancing the technological ladder in China and globally.$quot;
$quot;This order is also a further confirmation of our successful expansion in a region of dynamic growth,$quot; said Sanjiv Lamba, the Linde AG Executive Board member responsible for the Asian business of the group. $quot;This project will enable us to strengthen our position as the leading gases and engineering company in China.$quot;
Both plants will be built by Linde’s Engineering Division and shall supply oxygen and nitrogen to Yantai Wanhua’s production plants. With a capacity of 55,000 cubic metres of oxygen per hour, the pair are scheduled to come on stream between the end of 2013 and the start of 2014.
The facilities will also produce liquefied products for the open market in the Shandong region, and as such, construction will incorporate a 20 kilometre pipeline in the Yantai Economic and Technology Park.
Yantai Wanhua is the only Chinese 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.