SOURCE: Linde AG

May 04, 2010 01:48 ET

Linde expands gas supply network for ThyssenKrupp Steel Europe in Duisburg, Germany

MUNICH, GERMANY--(Marketwire - May 4, 2010) - Linde AG / Linde expands gas supply network for ThyssenKrupp Steel Europe in Duisburg, Germany processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

* EUR 75 million investment under umbrella of long-term gas supply contract

* Linde constructs eleventh air separation plant in Duisburg-Ruhrort, Germany

Munich, 4 May 2010 - The technology group The Linde Group is set to expand its gas supply network for steel conglomerate ThyssenKrupp Steel Europe at its largest production location in Duisburg, Germany. Under the terms of the agreement, Linde will construct another industrial-scale air separation plant in Duisburg-Ruhrort. This will be the eleventh air separator that Linde has built for ThyssenKrupp. It will have a daily capacity of 1,500 tonnes (tpd) of oxygen. The new facility is set to go on stream in the third quarter of 2012. The total investment in the new plant and in existing plants in Duisburg-Ruhrort is valued at around EUR 75 million.

"This investment is another milestone in the long-standing and successful collaboration between both companies in the area of air separation," says Dr Aldo Belloni, Member of the Executive Board of Linde AG. "Since 1951, Linde has constructed ten air separation plants for ThyssenKrupp in Duisburg. And in 1998, we took over operations management for the entire air gas production landscape in Duisburg. We are delighted to now be adding another state-of-the-art air separation plant to the existing complex."

Under the umbrella of this new project, Linde signed a contract with ThyssenKrupp Steel Europe to expand the existing network to ensure long- term, reliable supply of pipeline oxygen and nitrogen to the ThyssenKrupp steelworks in Duisburg. The new plant will also produce the noble gases argon, krypton and xenon, which Linde will distribute to other customers worldwide. These gases are invaluable in a number of industries ranging from electronics and fibre optics through lighting to aerospace.

With a crude steel production of nearly 15 million tonnes per year, Duisburg is one of the world's largest steel hubs. ThyssenKrupp is specialised in the manufacture of high-grade steel-sheet products. Its main customers are in the automotive, construction, household appliance, energy and packaging industries.

The Linde Group is a world leading gases and engineering company with almost 48,000 employees working in more than 100 countries worldwide. In the 2009 financial year it achieved sales of EUR 11.2 billion. The strategy of The Linde Group is geared towards sustainable earnings-based growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment - in every one of its business areas, regions and locations across the globe. Linde is committed to technologies and products that unite the goals of customer value and sustainable development.

For more information, see The Linde Group online at http://www.linde.com

For additional information:
Press                          Investor Relations
Uwe Wolfinger                  Thomas Eisenlohr
Telephone: +49.89.35757-1320   Telephone: +49.89.35757-1330

[HUG#1411315]

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Linde AG

Klosterhofstrasse 1 Munich Germany

WKN: 648300;ISIN: DE0006483001;Index:DAX,Prime All Share,CDAX,HDAX; Listed: Freiverkehr in Niedersächsische Börse zu Hannover, Prime Standard in Frankfurter Wertpapierbörse, Regulierter Markt in Frankfurter Wertpapierbörse, Regulierter Markt in Börse Stuttgart, Regulierter Markt in Bayerische Börse München, Regulierter Markt in Börse Berlin, Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg, Regulierter Markt in Börse Düsseldorf;

Press release as PDF: http://hugin.info/125064/R/1411315/363672.pdf

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