SOURCE: Linde AG

April 29, 2008 03:37 ET

The Linde Group signs long term supply agreement for technical gases with steel producer ArcelorMittal in Romania

MUNCHEN, GERMANY--(Marketwire - April 29, 2008) - The technology company The Linde Group has signed a long-term supply contract for industrial gases with the world's largest steel producer ArcelorMittal. The agreement involves the construction of a new air separation unit (ASU) at ArcelorMittal's site at Galati, Romania, and refurbishment of existing assets with a total investment exceeding EUR 100m.

"This agreement seals the long term future of our partnership with one of our most important customers and confirms our market leadership in Eastern Europe," said Dr Aldo Belloni, member of the Executive Board of Linde AG.

The Linde Group will start to implement improvement measures immediately after taking over operation of the existing industrial gas production in mid 2008 and will start construction of the new ASU. It will produce 2,000 tonnes per day (tpd) oxygen as well as smaller quantities of nitrogen and argon for ArcelorMittal's local steel production.

The Linde Group is a world leading gases and engineering company with more than 50,000 employees working in around 100 countries worldwide. In the 2007 financial year it achieved sales of EUR 12.3 billion. The strategy of The Linde Group is geared towards earnings-based and sustainable 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 web site at www.linde.com


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