Praxair, Inc., a wholly-owned subsidiary of Linde plc (NYSE:LIN; FWB:LIN) today announced it has signed a long-term agreement to supply ultra-high purity nitrogen to Samsungs world-class semiconductor facility in Hwaseong, South Korea. This is the fifth plant Praxair will build at this site to help enable Samsung to meet increased global semiconductor demand.
The plant will supply Samsungs facility with high purity nitrogen and is expected to start up in late 2019. Additionally, the company will install multiple purifiers and a new pipeline system to support the project.
“Praxair has been a reliable partner to Samsung for over four decades, said B.S. Sung, president of Praxair Korea. We are proud to continue to support their growth as global demand for electronics intensifies. This project increases our density in the region and positions us for future expansion.
Earlier this year, Praxair announced two other long-term agreements with Samsung affiliates in South Korea, one to supply another of Samsung Electronics world-scale semiconductor plant in Pyeongtaek and a second to supply Samsung Electro-Mechanics facility in Busan.
Praxair, Inc., a wholly-owned subsidiary of Linde plc, is a leading industrial gas company in North and South America and one of the largest worldwide. With market capitalization of approximately $40 billion and 2017 sales of $11 billion, the company employs over 26,000 people globally and has been named to the Dow Jones World Sustainability Index for 16 consecutive years. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Our products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others. For more information about the company, please visit our website at www.praxair.com.