Linde expands to Vietnam

Thu, 10 Apr 1997, 00:00 WIB | Source: DPA

HANOI (DPA): The Munich-based chemicals giant Linde AG has
been given a business license for a US$26 million joint venture
industrial gas plant in Vietnam, a company official said
yesterday.

"We have just obtained the license ...if everything runs well
we can start to build the plant in six months," said Pham Duc
Tuat, Linde's chief Vietnamese representative.

Production, which would reach 2,000 cubic metres per hour, is
not expected to come on stream until 1999, he added.

Linde's joint venture partner is Vietnam Industrial Gas
Company (Thanh Gas), a unit of the Vietnam Chemicals Corporation
owned by the Ministry of Industry.

Linde has taken 60 percent of the project, while the
Vietnamese partner has 40 percent; the legal capital is $9
million.

The plant's output - to include oxygen, nitrogen, acetylene
and liquid and gaseous argon - will "be marketed in northern
Vietnam where there are no industrial gas plants yet, said Tuat,
who has been working on this project for two years.

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