Linde Inks Multiple Deals To Boost Network In China's Key Industrial Areas
Portfolio Pulse from Lekha Gupta
Linde PLC has signed multiple contracts with Wanhua Chemical Group to extend their collaboration in China. Linde will acquire three air separation units (ASUs) from Wanhua and ink a long-term deal to supply industrial gases to Wanhua's chemical production sites. Linde also expanded its long-term industrial gas supply contract with Wanhua at Ningbo and Yantai, including decarbonization investments.
June 27, 2023 | 1:35 pm
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Linde PLC signed multiple contracts with Wanhua Chemical Group, acquiring ASUs and expanding long-term industrial gas supply contracts in China, potentially boosting its network density in key industrial areas.
The multiple contracts signed with Wanhua Chemical Group will help Linde expand its presence in China's key industrial areas. Acquiring ASUs and securing long-term industrial gas supply contracts will likely boost Linde's network density in the region, potentially leading to increased revenues and growth.
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