Linde Bangladesh Limited has confirmed it is to invest around Tk 1.2bn ($15.5m) in a new large ASU in Rupganj, Bangladesh, with a capacity of 100 tonnes per day (tpd) of liquefied gases.
The investment affirms The Linde Group’s long-term growth and development aims for both the region and the wider South Asian market, and will result in the largest liquid producing ASU in the country.
Due to come on-stream by 2017, the new plant will provide liquefied gases supply and related solutions to Bangladesh’s growing healthcare, food and beverage, fabrication, pharmaceutical, shipbuilding and ship recycling industries. It will more than double Linde Bangladesh’s current production capacity, strengthening Linde’s position as the leading gases player in Bangladesh.
A state-of-the-art cylinder filling site at Rupganj will also be built.
Moloy Banerjee, Country Cluster Head of Linde Gases’ South Asian business, commented, “We are excited to be part of the Bangladesh growth story, just as we always have through the decades. Bangladesh is an important part of our overall South Asian business and we see a strong potential in the market. This investment is an investment in the future, and it will create further opportunities for our gases offerings in Bangladesh and the South Asian region.”
Erphan Shihabul Matin, Managing Director of Linde Bangladesh Limited, added, “Today marks an important milestone for us. With the new ASU and cylinder filling facility in Rupganj, we are committed to provide our customers high-quality gases solutions and reliable delivery that contribute value to their processes and business goals.”
Linde has been present in Bangladesh since the early 1950s, operating today out of three major locations/installations at Tejgaon, Rupganj and Shitalpur, as well as boasting 18 sales centres throughout the country serving a customer base of over 35,000.
The company is currently capable of producing 80 tpd of liquid gases, it claims, with a product and services portfolio that includes liquid and gaseous oxygen and nitrogen, argon, acetylene, carbon dioxide, dry ice, refrigerant gases, medical oxygen, nitrous oxide, Entonox, medical equipment and accessories, and welding equipment and accessories.
gasworld Business Intelligence valued the Bangladesh industrial gases market at around $65m in 2013 (see below), the third-largest in the Asia region but a long way behind the Indian market, for example, which was valued at $1.2bn (2013).