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    LIN   IE00BZ12WP82

LINDE PLC

(LIN)
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Linde Starts Up New ASUs to Supply Wanhua Chemical Group in China

02/12/2021 | 08:59am EDT

Guildford - Linde (NYSE: LIN; FWB: LIN) has successfully started up two new air separation units (ASUs) to supply gaseous oxygen and nitrogen to Wanhua Chemical Group, the world's largest producer of isocyanate (MDI).

The new plants join two existing ASUs, also built and operated by Linde, to support phase I and II of Wanhua Chemical's integrated chemical site and production center in Yantai, China. Linde's advanced technology and operational expertise will enable all four ASUs to run at a greater scale and achieve synergies through improved energy efficiency and operational flexibility, resulting in higher reliability and lower venting of the plants.

'The safe and timely start-up of these ASUs is the latest milestone in our long-standing global partnership with Wanhua Chemical Group, spanning Asia and Europe,' said Will Li, Head of Greater China, Linde. 'We look forward to growing our partnership from strength to strength as Wanhua Chemical continues to expand its footprint across the world.'

'As the leading supplier to all three of our production sites across the world, Linde has displayed a proven track record of safety and reliability, and a commitment to our mutual success,' said Mr Liao Zengtai, Chairman of the Board, Wanhua Chemical. 'The latest successful start-up is yet another strong validation of our decision to select Linde as our industrial gas partner for global growth.'

About Linde

Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (EUR24 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.

Contact:

Juan Pelaez

Tel: +1-203-837-2213

Email: juan.pelaez@linde.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
LINDE 0.00%End-of-day quote.1.52%
LINDE PLC -0.71% 289.16 Delayed Quote.10.52%
WANHUA CHEMICAL GROUP CO., LTD. 0.56% 114.8 End-of-day quote.26.10%
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Financials (USD)
Sales 2021 29 280 M - -
Net income 2021 4 300 M - -
Net Debt 2021 11 881 M - -
P/E ratio 2021 35,5x
Yield 2021 1,46%
Capitalization 151 B 151 B -
EV / Sales 2021 5,56x
EV / Sales 2022 5,28x
Nbr of Employees 71 699
Free-Float 94,1%
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Number of Analysts 25
Average target price 325,52 $
Last Close Price 291,22 $
Spread / Highest target 22,9%
Spread / Average Target 11,8%
Spread / Lowest Target -20,3%
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Stephen F. Angel Chief Executive Officer & Director
Matthew J. White Chief Financial Officer & Executive Vice President
Wolfgang W. Reitzle Chairman
Earl Newsome Chief Information Officer-Americas IT
Sanjiv Lamba Chief Operating Officer
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