Manila, Philippines, 17 Feb 2011: Linde Philippines (South) Inc., a member of The Linde Group, announced it would invest PHP 219 million (EUR 3.8 million) to build a new 24 tons per day (tpd) carbon dioxide plant at its existing site at Balamban, Cebu, Philippines.
Scheduled to come on-stream by January 2012, the new plant will meet the growing demands for carbon dioxide from shipbuilder Tsuneishi Heavy Industries, a key customer of Linde in Cebu.
Linde Philippines’ Managing Director Mr. Dennis Jordan said, “This new plant is a milestone for our business as it will be Linde’s largest merchant carbon dioxide plant in Visayas, and will double the overall volumes that Linde Philippine currently supplies to support Visayas and Mindanao and their carbon dioxide gases requirements.”
Mr. Lee Bon Hian, Head of Cluster Countries for Linde’s gases business in South & East Asia said, “This latest investment, which follows our PHP 1 billion new air separation plant facility at the same site, demonstrates our long-standing commitment to position our Philippines’ business to meet new growth opportunities. It also reaffirms our steadfast commitment to continually enhancing our supply and service capabilities to serve our valued customers and support their growth”.
About Linde Philippines (South), Inc.
Linde Philippines (South), Inc., a member of The Linde Group, is the leading industrial gas supplier in Vismin. The company manufactures and distributes industrial, specialty and medical gases, and provides a range of related services including the installation of gas equipment, pipelines, on site plants and associated engineering services. Prior to the company’s rebrand in October 2010, Linde Philippines (South), Inc. was known as Southern Industrial Gases, Inc.
For more information, see http://www.linde.com.ph
About The Linde Group
The Linde Group is a world leading gases and engineering company with almost 48,000 employees working in more than 100 countries worldwide. In the 2009 financial year it achieved sales of EUR 11.2 billion. The strategy of The Linde Group is geared towards sustainable earnings-based growth and focuses on the expansion of its international business with forward-looking products and services.
Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. Linde is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at http://www.linde.com
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