Praxair, Inc., a wholly-owned subsidiary of Linde plc (NYSE:LIN; FWB:LIN) today announced it will increase nitrogen capacity at its facility under construction in Pyeongtaek, South Korea to meet growing demand at Samsungs semiconductor manufacturing complex.
The overall project, first announced in early 2018, is Praxairs largest investment ever. Praxair is undertaking a multi-phase project to build several hydrogen and high-purity air separation plants, as well as multiple purifiers and an extensive pipeline system to supply atmospheric, process and various specialty gases to Samsung. With this expansion, Praxairs total investment in Pyeongtaek will be approximately $600 million.
“We are pleased to meet the requirements of Samsungs world-class semiconductor fab to support increasing demand in the region, said B.S. Sung, president of Praxair Korea. This further strengthens our longstanding relationship with Samsung as we continue to provide a reliable supply of industrial gases and innovative technologies that enable them to serve their electronics customers globally, driving efficiency and growth.
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.