Praxair to Expand Nitrogen Capacity to Support Increasing Demand of World-Scale Semiconductor Complex in South Korea
November 08 2018 - 12:16PM
Business Wire
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 Samsung’s
semiconductor manufacturing complex.
The overall project, first announced in early 2018, is Praxair’s
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, Praxair’s total investment in
Pyeongtaek will be approximately $600 million.
"We are pleased to meet the requirements of Samsung’s
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.”
About Praxair
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181108005724/en/
Praxair Media:Lisa Esneault, (203)
837-2448lisa_esneault@praxair.comorPraxair Investor:Juan Pelaez,
(203) 837-2213juan_pelaez@praxair.com
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