Linde : Signs Long-Term Agreement to Supply New World-Class Semiconductor Manufacturing Complex in the U.S.
September 08, 2021 at 06:01 am EDT
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DGAP-News: Linde plc
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Linde Signs Long-Term Agreement to Supply New World-Class Semiconductor Manufacturing Complex in the U.S.
08.09.2021 / 11:59
The issuer is solely responsible for the content of this announcement.
Linde Signs Long-Term Agreement to Supply New World-Class Semiconductor Manufacturing Complex in the U.S.
Guildford, UK, September 8, 2021 - Linde (NYSE: LIN; FWB: LIN) announced today it has signed a long-term agreement with one of the world's largest semiconductor manufacturers for the supply of industrial gases to a new multi-billion dollar manufacturing facility in Phoenix, Arizona.
Linde will build, own and operate a complex of on-site plants to supply ultra-high-purity nitrogen, oxygen and argon to the customer. These plants are designed to meet the most stringent requirements of the semiconductor industry while maintaining world-class reliability and operating efficiency. Linde's total investment will be approximately $600 million. The first plants and supporting infrastructure are due to start up in the second half of 2022.
"We are proud to have been selected as supplier to this major new facility," said Dan Yankowski, President Linde Gases North America. "Our technology is designed to provide a secure and reliable supply of high-purity gases to this world-leading semiconductor facility, supporting the significant expansion of our customer's manufacturing capacity in the U.S."
About Linde
Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (?24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.
The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and services, please visit www.linde.com
Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com
08.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Linde plc is one of the world's leading engineering and industrial gas production groups. Net sales break down by activity as follows:
- production and sale of industrial gases (86.3%). Net sales break down by market between chemicals and energy (25%), manufacturing (19%), healthcare (16%), metals and mining (14%), food and beverage (10%), electronics (9%) and other (7%);
- surface engineering services (8.3%);
- other (5.4%).
Net sales are distributed geographically as follows: the United Kingdom (5.9%), the United States (31.6%), Germany (11%), China (7.9%), Australia (4.1%), Brazil (3.5%) and other (36%).