LIN Linde PLC

   By Stephen Nakrosis 
 

Praxair Inc. on Thursday announced plans to expand nitrogen capacity at a facility under construction in South Korea to meet the growing demand from Samsung Electronics' semiconductor manufacturing complex.

Praxair, which is a wholly owned subsidiary of Linde PLC (LIN), said with the expansion, its investment in the facility in Pyeongtaek, South Korea, totals about $600 million.

The overall project, first announced in early 2018, is Praxair's largest investment ever, the company said.

The two companies signed an agreement in April, under which Praxair will supply industrial gases to Samsung's semiconductor manufacturing facility in Pyeongtaek.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

November 08, 2018 13:12 ET (18:12 GMT)

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