Linde Announced Contracts With China's Wanhua Chemical Group
Portfolio Pulse from Charles Gross
Linde (NYSE:LIN) has signed contracts with Wanhua Chemical Group, expanding their cooperation in China. Linde will acquire three air separation units (ASUs) from Wanhua and enter into long-term agreements for the supply of industrial gases. Linde has also extended its industrial gas supply agreements with Wanhua at Ningbo and Yantai, investing in decarbonization.
June 27, 2023 | 10:05 am
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POSITIVE IMPACT
Linde's contracts with Wanhua Chemical Group may have a positive impact on China's industrial sector, as it expands cooperation and invests in decarbonization.
Linde's expanded cooperation with Wanhua Chemical Group and investment in decarbonization may have a positive impact on China's industrial sector, which could benefit the iShares China Large-Cap ETF (FXI).
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Linde has signed contracts with Wanhua Chemical Group, acquiring three ASUs and entering long-term agreements for industrial gas supply. This will enhance Linde's network density in Fujian province and foster future growth.
The contracts with Wanhua Chemical Group will expand Linde's presence in China and enhance its network density in Fujian province. The acquisition of three ASUs and long-term industrial gas supply agreements will foster future growth for Linde.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100