Linde to set up Tk120cr plant
Linde Bangladesh, a pioneer in industrial gases, will set up a new air-separation unit at Rupganj in Narayanganj at a cost of around Tk 120 crore.
The new unit will have a production capacity of 100 tonnes of liquefied gases a day and is expected to start commercial operations in 2017.
It will provide a supply of liquefied gases and related solutions to the healthcare, food and beverage, fabrication, pharmaceuticals, shipbuilding and ship recycling
industries.
Linde Bangladesh, a subsidiary of German-based Linde Group, made the announcement at a press briefing in Dhaka yesterday.
“Bangladesh's consistent GDP growth, export-oriented industrialisation and emerging pharmaceutical and shipbuilding industries have encouraged us to take the new investment decision,” said Moloy Banerjee, country cluster head of Linde Gases' South Asian business.
Production capacity in the new plant will be higher than the total production capacity in its three existing units in Tejgaon, Rupganj and Chittagong.
The state-of-the-art air-separation unit at the Rupganj plant will offer high energy efficiency and operational reliability, said Banerjee, adding that power consumption in the new unit will be almost half the existing units.
A high-tech cylinder filling site will also be built at Rupganj to provide a range of cylinder products to customers across all market segments, Banerjee said.
“We are excited to be a part of the Bangladesh growth story, just as we always have been through the decades. Bangladesh is an important part of our overall South Asian business and we see strong potential in the market,” he said. “This investment is an investment for the future, and it will create further opportunities for our offerings in Bangladesh and the South Asian region.”
Erphan Shihabul Matin, managing director of Linde Bangladesh, said, “With the new air-separation unit and cylinder filling facility in Rupganj, we are committed to providing our customers with high-quality gas solutions and reliable delivery that contribute value to their processes and business goals.”
Linde's product portfolio and services in Bangladesh include liquids and gases such as oxygen and nitrogen, argon, acetylene, carbon dioxide, dry ice, refrigerant gases, lamp gas and other gas mixtures and medical oxygen.
Linde Bangladesh, which was listed on the stock exchanges in 1976, made a net profit of Tk 62 crore in 2014. On the Dhaka Stock Exchange yesterday, each share of the company traded between Tk 1,146 and Tk 1,197, before closing at Tk 1,152.70.
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