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4-Traders Homepage  >  Equities  >  Xetra  >  Linde AG    LIN   DE0006483001

LINDE AG (LIN)

Real-time Quote. Real-time Tradegate - 09/28 10:03:35 pm
149.25 EUR   +4.37%
09/27LINDE AG : A negative movement
09/26 LINDE : to expand Delaware industrial gases plant
09/26 LINDE : 26.09.2016 / Trade News / Grand opening of the hydrogen fill..
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Linde : to expand Delaware industrial gases plant

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09/26/2016 | 04:45pm CEST

Release date- 23092016 - Bridgewater, N.J. - Linde LLC today announced that it will spend over USD 100 million to increase the production of its industrial gases plant in Claymont, Delaware.

The expansion project includes installing a new air separation unit (ASU) which will produce gaseous products to serve Linde customers along the Delaware River via pipeline and liquid oxygen, nitrogen and argon for customers in the Delaware Valley.

'As a company, our top priority remains to safely and reliably deliver our products and services to meet customer needs and fuel their growth,' said Pat Murphy, President of Linde Americas. 'This new plant represents Linde's continued commitment to investment in the Americas to meet demand for our essential products and services. With our unique portfolio, Linde remains confident in our capabilities to meet customer needs-today and in the future.'

When completed in 2019, the plant will become Linde's largest liquid merchant plant in the U.S. It will produce 1,200 tons per day of liquid oxygen, nitrogen and argon, as well as 400 tons per day of gaseous products, serving customers across the Delaware Valley and beyond.

'Linde has a long history in the Delaware Valley, serving customers in the food, metals, glass, chemical, healthcare, energy and manufacturing industries,' said Murphy. 'We are very familiar with our customers' operations, and we remain committed to meeting their future needs. Our new ASU will fill regional demand while substantially reducing our energy usage and our overall carbon footprint. It will be a win-win for our customers and for the environment.'

The new plant will be extremely energy efficient, incorporating state-of-the-art design technology from Linde Engineering, the global leader in ASU construction, consuming the least amount of energy while maximizing production capability.

'I am pleased that Linde is making a significant new investment in its Claymont facility that will create jobs while also reducing its energy footprint,' said Delaware Governor Jack Markell. 'That decision is a testament to our state's incredible workforce and reflects our welcoming business climate, and I look forward to its expanded presence in Delaware for many years to come.'

About Linde

Linde LLC, Linde Americas and Linde Engineering are members of The Linde Group, a world leading gases and engineering company. In the 2015 financial year, The Linde Group generated revenue of USD 19.7 bn (EUR 17.944 bn), making it one of the leading gases and engineering companies in the world, with approximately 65,000 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development.

Contact:

Amy Ficon

Tel: +1 908 771 1491

(c) 2016 Electronic News Publishing -, source ENP Newswire

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Financials (€)
Sales 2016 17 428 M
EBIT 2016 2 201 M
Net income 2016 1 255 M
Debt 2016 7 359 M
Yield 2016 2,49%
P/E ratio 2016 21,22
P/E ratio 2017 19,40
EV / Sales 2016 1,95x
EV / Sales 2017 1,84x
Capitalization 26 560 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 145 €
Spread / Average Target 1,4%
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NameTitle
Wolfgang Heinz Büchele Chief Executive Officer
Wolfgang W. Reitzle Chairman-Supervisory Board
Andreas Opfermann Head-Technology & Innovation
Sandeep Sen Head-Group Information Services
Michael Diekmann Second Deputy Chairman-Supervisory Board
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