SOURCE: Linde AG

May 23, 2007 08:29 ET

The Linde Group to increase gas supply to Hungarian chemical company BorsodChem

WIESBADEN, GERMANY and MUNICH, GERMANY -- (MARKET WIRE) -- May 23, 2007 --



Wiesbaden/Munich, 23 May 2007 - The technology group The Linde Group and the leading Hungarian chemical company BorsodChem Zrt. have agreed to expand their cooperation regarding industrial gas supplies to BorsodChem's main production site in Kazincbarcika, Hungary. Linde and BorsodChem intend to enter into a long term supply agreement about the additional supply of around 150,000 tons of carbon monoxide and hydrogen per year for the expansion of BorsodChem's isocyanate production.

"With new investments of approximately 100 million Euro, complementing the three existing plants, this location will become one of Linde's top five production sites for hydrogen and carbon monoxide worldwide", said Dr Aldo Belloni, member of the executive board of Linde AG.

Isocyanate is an intermediate compound for polyurethane (PU), a versatile polymer with growing applications in the car, aeroplane, electronic, furniture, and appliance manufacturing, for example.

The Linde Group is a world-leading industrial gases, medical gases and engineering company with more than 51,000 employees working in around 70 countries worldwide. Following the acquisition of The BOC Group plc, the company has gases and engineering sales of around 12 billion euro per annum. The strategy of The Linde Group is geared towards earnings-based growth and focuses on the expansion of its international business with forward-looking products and services.

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


For further information:

Press
Stefan Metz
Telephone: +49.89.35757-1322

Investor Relations
Thomas Eisenlohr
Telephone: +49.89.35757-1330




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