Benzinga | Jan 20, 2021 06:23AM EST

Linde Signs Long-Term Agreement With BorsodChem, Member Of Wanhua Chemical Group

GUILFORD, UK / ACCESSWIRE / January 20, 2021 / Linde (NYSE:LIN)(FWB:LIN) has signed a long-term agreement with BorsodChem Zrt., the Hungarian chemical company and member of the Wanhua Chemical Group, for the supply of nitrogen, oxygen and compressed air to its chemical complex in Kazincbarcika.

Linde will construct one of the largest air separation units in Hungary, which is expected to be completed by the end of 2021. In addition to supporting BorsodChem's expansion, the plant will provide additional nitrogen, oxygen and compressed air to meet the increasing demand for industrial gases in Hungary and surrounding countries.

"We are proud of our track record of safely and reliably supplying industrial gases to BorsodChem and are excited to have the opportunity to further support the company's growth," said Andreas X. M?ller, Head of Hungary and Austria at Linde. "In addition, by building significant new capacity in Hungary we have the opportunity to broaden our supply of industrial gases to other regional customers in response to increasing demand from resilient end markets."