Linde Bangladesh, part of Tier One player The Linde Group, has officially started construction of the company’s new air separation unit (ASU) in Rupganj.
The plant, costing an estimated BDT 1.2bn ($15m), is expected to be completed in 2017 and will produce approximately 100 tonnes per day (tpd) of liquefied gases – making it the largest liquid producing ASU in Bangladesh.
The addition of this new facility will more than double Linde Bangladesh’s current production capacity, strengthening Linde’s position at the leading gases player in the South Asian country.
Demand for our gases offerings has continued to been strong and we are making this investment as an investment for the future
A state-of-the-art cylinder filling site at Rupganj will also be built to provide a wide range of cylinder products across various market segments.
Linde will design, build and manage the Rupganj plant which will provide liquefied gases supply and related solutions to Bangladesh’s growing healthcare, food and beverage, pharmaceutical and shipbuilding industries.
Sanjiv Lamba, Executive Board Member and Chief Operating Officer of Asia Pacific operations, outlined, “Demand for our gases offerings has continued to been strong and we are making this investment as an investment for the future.”
With regards to current trends in Bangladesh’s economy, Lamba went on to say, “Asia Pacific is the growth engine for The Linde Group, and our Bangladesh business is an important part of our larger South Asia business. Economically, Bangladesh has developed at an impressive rate, maintaining a steady growth rate in recent years amidst a global economic downturn. We are optimistic that the country will continue to grow year-on-year.”
The official ground-breaking ceremony was held on 5th April 2016.
gasworld Business Intelligence valued the Bangladesh industrial gas market at approximately $68m in 2014, up from $64m in 2013, indicating an annual growth of an estimated 6.2%. Linde has a market share in the country of over 75%.
Linde Bangladesh has been present in its country since the 1950’s. As a pioneering multinational company in the gases business, it currently has operations in Tejgaon, Rupganj and Shitalpur, with almost 20 sales offices serving over 35,000 customers throughout Bangladesh.