Linde De-captivates Air Separation Unit And Extends Agreement With China South Steel, Member Of China Baowu Steel Group
Portfolio Pulse from Charles Gross
Linde (NASDAQ:LIN) has entered into two agreements with China South Steel, part of China Baowu Steel Group, to de-captivate and upgrade an air separation unit (ASU) at China South Steel's plant in Shaoguan, Guangdong Province. This expansion brings Linde's total on-site production capacity in Shaoguan to about 130,000 cubic meters per hour.
April 23, 2024 | 10:08 am
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Linde's agreement to de-captivate and upgrade an ASU for China South Steel signifies an expansion of its industrial gas supply capacity in China, potentially increasing its revenue from this key market.
The agreement to de-captivate and upgrade an ASU at China South Steel's plant indicates Linde's commitment to expanding its industrial gas supply operations in China, a key market. This expansion is likely to enhance Linde's production capabilities and could lead to increased revenues from its operations in China, positively impacting its stock price in the short term.
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