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MarketScreener Homepage  >  Equities  >  Nyse  >  Linde plc    LIN   IE00BZ12WP82

LINDE PLC

(LIN)
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Linde : Starts Up New Plant to Deliver Increased Capacity to Space Launch Sector

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02/05/2020 | 07:05am EDT

DGAP-News: Linde plc / Key word(s): Miscellaneous
Linde Starts Up New Plant to Deliver Increased Capacity to Space Launch Sector

05.02.2020 / 12:00
The issuer is solely responsible for the content of this announcement.


Linde Starts Up New Plant to Deliver Increased Capacity to Space Launch Sector

Guildford, UK, February 5, 2020 - Linde (NYSE: LIN; FWB: LIN) announced today it has started up a new Air Separation Unit (ASU) effectively doubling the production capacity of its existing plant at Mims, Florida. The expansion is in response to rapidly growing contracted demand for space launch activity. The new plant will increase production to more than 500 tons per day. The plant will also meet growing demand from healthcare, manufacturing, food processing and water treatment customers in the area.

"This new plant coming on stream strengthens Linde's supply reliability in the region," said Todd Lawson, Vice President East Linde Gases U.S. "We are seeing a notable increase in demand for our products, not just from aerospace, but across the board. The increased production capacity of our merchant atmospheric gases will enable us to better support our growth in the region."

Linde worked closely during project planning and execution with Florida Power & Light Company (FPL), the largest energy company in the United States as measured by retail electricity produced and sold, and a leading clean energy company.

"Linde's expansion in the region is indicative of how Florida's already more than $1 trillion economy continues to grow each and every year," said Eric Silagy, president and CEO of FPL, a subsidiary of NextEra Energy, Inc., which is the world's largest generator of renewable energy from the wind and sun. "True to FPL's steadfast commitment to helping move Florida forward, we were pleased to work tirelessly with Linde right from the beginning of this project to develop the right location, infrastructure and services for the new plant."

About Linde
Linde is a leading industrial gases and engineering company with 2018 pro forma sales of USD 28 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world.

For more information about the company, please visit www.linde.com

Contacts:  
Investor Relations
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com
Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com


05.02.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Linde plc
The Priestley Centre, 10 Priestley Road
GU2 7XY Guildford
United Kingdom
Phone: +1-203-837-2210
E-mail: Investor_Relations@Linde.com
Internet: www.linde.com
ISIN: IE00BZ12WP82
WKN: A2DSYC
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Moscow, NYSE, Luxembourg Stock Exchange (Euro MTF)
EQS News ID: 968471

 
End of News DGAP News Service

968471  05.02.2020 

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© EQS 2020

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