Kaimeite Gases Co., one of the largest carbon dioxide (CO2) producers in China, has announced its financial results for 2016 and a stark jump (77%) in operating revenue from RMB 151.8m ($22m) in 2015 to RMB 270m ($39.1m) in 2016.
Hangzhou Hangyang Co. Ltd, the largest air separation plant manufacturer and a local industrial gas business player, has released its full financial results for 2016 and reported a near 17% drop in operating revenue.
The encouraging signs in the gases industry in 2017 continue with the news that The Linde Group saw positive business trends in the first quarter, achieving increases in both revenue and earnings compared to first quarter 2016.
The Linde Group has delivered increases in both group revenue and operating profit in its 2016 financial results released today, hampered only by the lower contribution from its Engineering Division and adverse exchange rate effects.
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