1. Inhalt
  2. Navigation
  3. Weitere Inhalte
  4. Metanavigation
  5. Suche
  6. Choose from 30 Languages

Business

Linde to Expand Hungarian Operations

The German industrial conglomerate Linde AG plans to invest €55 million to expand its gases business in Hungary. The company has received an order from the Hungarian chemicals company BorsodChem for the long-term supply of oxygen and nitrogen, for which it will erect an on-site air separation plant worth €22 million. The Wiesbaden-based company also plans to invest another €33 million in a second steam reformer for BorsodChem. Both should be operational by 2005. "These investments are our way of further enhancing our market position in this region," said Dr. Aldo Belloni, a member of Linde's executive board. Linde has signed gas supply contracts with the Hungarian firm worth around €250 million over a 15-year period.