Linde Philippines, Inc., a member of Tier One corporation The Linde Group, has announced plans to invest ₱1.3bn ($27.7m) in the instating and upgrading of two separate facilities in the Philippines.
Under the investment, the South East Asian branch will upgrade an existing air separation unit (ASU) and will add a new nitrogen (N2) liquefaction unit (NLU) at its Apalit Pampanga site, situated north of Manila.
Once completed, the manufacturing facilities at the site will be able to produce more than 400 tonnes per day of liquefied gases, predominantly to support fast-growing electronics, food and beverage and healthcare sectors throughout the country.
The NLU facility is expected to go on stream by 2018 and will be designed, engineered and constructed by Linde.
Ms Seck Luan Lim, Cluster Business Head for Singapore, Indonesia and Philippines, explained the reasons behind the venture and stated, “The Philippines is an important part of our overall South East Asia business and we want to continue to grow and support the local markets. The economic growth that we have seen in the Philippines in recent years gives Linde the confidence to continue to invest in the country for the future.”
James Barr, Senior Business Analyst of gasworld’s Business Intelligence division, explained how this new investment reinforces Linde’s position across the country, “Linde remain the overall market leader in the Philippines in 2015, with a share of approximately 30% of the gases and services business.”
“The original production facility at the Apalit site, which was commissioned in the early 1990s, is one of three sites operated by Linde that produces air gases for the Filipino merchant market. This new investment will create the largest production site for air gases in the country.”