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MarketScreener Homepage  >  Equities  >  Nyse  >  Linde    LIN   IE00BZ12WP82

LINDE

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Linde : Praxair to Double Capacity at Neosho Missouri Plant to Support Increasing Demand in the Region

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02/12/2019 | 04:09am EDT

DANBURY, Conn. -- Praxair, Inc., a wholly-owned subsidiary of Linde plc (NYSE:LIN; FWB:LIN), has announced it will expand production capacity at its Neosho, Missouri air separation plant. The expansion is in response to the growing demand from customers in southwestern Missouri and neighboring parts of Arkansas, Oklahoma and Kansas in the food, aerospace, electronics, refining, chemicals and other industries. The project is expected to be completed in 2020 and will double capacity at the company's Neosho facility.

"This investment will strengthen supply reliability and help us meet the future demands of our liquid oxygen and nitrogen customers," said Andy Sarantapoulas, South Region Vice President of Praxair's U.S. industrial gas business. "We are proud to be part of the Neosho community and look forward to growing our presence in this region."

"Our most valuable economic partners are always those companies that have made a long-term commitment to Neosho, and Praxair is just such a company," said Michael Franks, CEO of Grow Neosho Economic Development. "That commitment made it easy for us to work with Praxair on this expansion project that delivers new capital investment and new jobs to the Praxair facility in the Neosho Industrial Park."

"We are excited to have Praxair as a long-standing customer and happy they chose Neosho as the location for expanding their operations. Adding jobs and increasing investment in our communities is important to the success of the Neosho area," said Brent Baker, Vice President of National Customer Experience at Liberty Utilities.

About Praxair

Praxair, Inc., a wholly-owned subsidiary of Linde plc, is a leading industrial gas company in North and South America and one of the largest worldwide. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Our products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others. For more information about the company, please visit our website at www.praxair.com.

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(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials ($)
Sales 2019 28 952 M
EBIT 2019 5 422 M
Net income 2019 3 386 M
Debt 2019 10 526 M
Yield 2019 1,84%
P/E ratio 2019 31,99
P/E ratio 2020 32,35
EV / Sales 2019 3,76x
EV / Sales 2020 3,68x
Capitalization 98 302 M
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Number of Analysts 18
Average target price 184 $
Spread / Average Target 1,8%
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Stephen F. Angel Chief Executive Officer & Director
Wolfgang W. Reitzle Chairman
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