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Linde Signs Second Long-Term Agreement to Supply Samsung in Pyeongtaek, South Korea
Linde (NYSE:LIN; FWB:LIN) announced today that it has entered into a long-term agreement with Samsung Electronics to supply ultra-high purity industrial gases for its latest semiconductor facilities in Pyeongtaek, South Korea. Linde is currently the main supplier of industrial gases to Samsung’s existing facilities in Pyeongtaek. This second agreement to build, own and operate air separation plants in this latest world-class manufacturing complex cements Linde’s position as a strategic partner for Samsung, the world’s largest semiconductor manufacturer. Once the project is commissioned, the Pyeongtaek complex will be Linde’s single largest gases supply site in the world for an electronics customer. Samsung’s new facility will deploy state-of-the-art technologies to accelerate the…
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Linde Appoints Sanjiv Lamba as Chief Operating Officer
Linde plc (NYSE: LIN; FWB: LIN) today announced that its Board of Directors has appointed Mr. Sanjiv Lamba to serve as the company’s Chief Operating Officer effective January 1st, 2021. In this role, Mr. Lamba will be responsible for the regional operating segments of the Americas, APAC, and EMEA, as well as Linde Engineering, Lincare, and certain global functions, initiatives and businesses. Mr. Lamba will report directly to Linde’s CEO, Mr. Steve Angel, and relocate to Danbury, CT. Prior to being named COO, Mr. Lamba served in several roles including EVP APAC, Head of Regional Business units – South & South East Asia and various financial roles during his 31…
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Linde Declares Dividend in Fourth Quarter 2020
Linde plc (NYSE: LIN; FWB: LIN) announced its Board of Directors has declared a quarterly dividend of $0.963 per share. The dividend is payable on December 17, 2020 to shareholders of record on December 3, 2020. Über die Linde AG Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 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…
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Linde Starts Up New Plants for Major Electronics Customer in Taiwan
Linde (NYSE: LIN; FWB: LIN) announced today that it has started up a new air separation unit (ASU) and the first of three nitrogen generators, as part of a 15-year contract to supply ultra-high purity industrial gases to a major electronics customer in Taiwan. Built and operated by Linde’s joint venture Linde LienHwa (LLH), the project will support a multi-billion-dollar wafer fab expansion in Tainan Science Park, Taiwan. The remaining two generators are expected to come on stream in 2021. Once completed, the ASU and the three generators will have a total combined gas capacity of over 173,000 Nm3/hr. "LLH is proud to have reached this significant milestone with our…
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Linde to Build and Operate World’s First Hydrogen Refueling Station for Passenger Trains
Linde (NYSE: LIN; FWB: LIN) today announced it will start construction of the world’s first hydrogen refueling station for passenger trains in Bremervörde, Germany, in September. The construction follows the successful eighteen-month trial of the world’s first two hydrogen trains in the region, which was completed earlier this year. Linde will build and operate the hydrogen filling station, which is expected to start service in early 2022. The station will fuel 14 hydrogen-powered passenger trains which will be supplied by Alstom to the regional rail traffic provider, LNVG, and will use the network of regional railway company EVB. The hydrogen refueling station will have a capacity of around 1,600 kg…
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Linde Starts Up Plants to Supply Celanese and Other Customers in the U.S. Gulf Coast
Linde (NYSE: LIN; FWB: LIN) today announced it has started up a state-of-the-art hydrogen and carbon monoxide facility in Clear Lake, Texas (TX), as well as a new air separation unit in LaPorte, TX. The plants will supply oxygen, nitrogen and carbon monoxide to Celanese, under a previously announced long-term agreement, and hydrogen to other customers via Linde’s U.S. Gulf Coast pipeline system. The new air separation unit is also connected to Linde’s nitrogen and oxygen pipeline network which enables safe and reliable supply to Celanese as well as other customers in the area. "We are proud to be a key supplier to Celanese and further strengthen our relationship through…
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MSCI Upgrades Linde’s ESG Rating to A
Linde (NYSE: LIN; FWB: LIN) has been upgraded to A in MSCI’s ESG Ratings assessment, on a scale of CCC to AAA. The improvement from BBB was mainly attributed to the company’s comprehensive decarbonization strategy, including its initiatives to reduce its greenhouse gas emissions intensity by 35% and double the annual purchase of renewable power by 2028. MSCI ESG Ratings measure companies according to industry-specific exposure to environmental, social and governance (ESG) risks and their ability to manage them. "Linde is helping its customers to avoid more than two times the emissions of our own operations through the application of our technologies and solutions," said Riva Krut, Vice President and…
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Linde Named Top 25 in 100 Best Corporate CitizensTM of 2020
Linde (NYSE: LIN; FWB: LIN) today announced it has been named a top 25 company on the 100 Best Corporate Citizens 2020 list, recognizing outstanding environmental, social and governance (ESG) transparency and performance amongst the 1,000 largest U.S. public companies. The 100 Best Corporate Citizens ranking is based on 141 transparency and performance factors in eight pillars: climate change, employee relations, environment, finance, governance, human rights, stakeholders and society and ESG performance. "We are honored to be recognized as a leader in corporate social responsibility," said Riva Krut, Vice President and Chief Sustainability Officer at Linde. "We see this achievement as recognition of Linde’s unwavering commitment to the environment, responsible…
