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Linde Bangladesh : to invest Euro 14.6 m to set up new ASU

11/26/2015 | 09:42am US/Eastern

Dhaka, Nov 26 (UNB) - Linde Bangladesh Limited (LBL) will invest Euro 14.6 million, equivalent to Tk 120 crore, in the country to set up an air separation unit (ASU) at Rupganj for producing approximately 100 tons liquefied gases per day.

Announcing the new investment plan at a city hotel, Moloy Banerjee, country cluster head of Linde Gases' South Asian business, said the Rupganj plant will have more than double of the Linde's current production capacity. This will be the largest of ASU in Bangladesh too."

Linde Bangladesh, a subsidiary of the Linde Group, now operates three production units in Tejgaon, Rupganj and Shitalpur.

Terming the new project as a testimony to Linde's intention for long-term growth and development in the region, he said the new ASU will come into production by 2017.

He said the new unit will play vital role in enhancing liquefied gases supply and related solutions to Bangladesh's growing healthcare, food and beverage, fabrication, pharmaceutical, shipbuilding and ship recycling industries.

Officials said Linde Bangladesh, having about 20 sales centers throughout the country, serves over 35,000 customers from a wide array of industries - from hospitals to fabrication and from steel to food packaging and beverages.

© Pakistan Press International, source Asianet-Pakistan

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