on Linde Plc (NASDAQ:LIN)
Linde Expands Cooperation with China South Steel, Enhancing Industrial Gas Supply
Linde Plc, represented globally on stock indexes such as the Nasdaq, has recently bolstered its partnership with China South Steel, part of the China Baowu Steel Group Corporation, by signing two significant agreements. The union between these industrial giants was reinforced through the de-captivation and enhancement of an air separation unit (ASU) in Shaoguan, Guangdong Province. Previously, Linde operated five ASUs at this site, and with the new agreement, the de-captivated ASU will amplify the total on-site production to roughly 130,000 cubic meters per hour.
The announcement also encompassed the extension of Linde's long-term contract for industrial gas supply, necessary for steel production, with China South Steel at the same location. Linde's effective and reliable delivery of industrial gases has been instrumental in the operational success over the last quarter-century according to Mr. Lai Xiaomin, a senior Baowu Group official. Will Li, President of Linde Greater China, affirmed the significant role of Linde's gases in the productivity and efficiency of steel manufacturing processes.
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