Linde Signs Record Number of Small On-Site Contracts in 2020

Rhea-AI Summary

Linde Signs Record Number of Small On-Site Contracts in 2020

Linde (NYSE:LIN) announced a record 36 new small on-site contracts in 2020, reflecting a 20% increase from the previous year despite economic challenges. These contracts span various sectors, including pharmaceuticals and aerospace, providing Linde with a steady revenue stream. The company also launched 27 small on-site plants in 2020, further bolstering its growth strategy. With 2020 sales reaching $27 billion, Linde continues to enhance customer efficiency while supporting sustainability efforts.

Positive

• Signed 36 new contracts, a 20% increase from the previous year.
• Contracts span multiple sectors, offering a stable revenue stream.
• Started 27 small on-site plants in 2020 to boost growth.
• 2020 sales reached $27 billion, indicating strong market performance.

Negative

• None.

Linde Signs Record Number of Small On-Site Contracts in 2020

GUILDFORD, UK / ACCESSWIRE / May 5, 2021 / Linde (NYSE:LIN)(FWB:LIN) today announced it has signed a record 36 new small on-site contracts during 2020, a 20% increase compared with the prior year despite a more challenging economic environment.

Linde has signed new agreements with customers across multiple end-markets, including pharmaceuticals, electronics, mining, solar panels and aerospace. In addition to meeting Linde's investment criteria, these long-term agreements offer a steady revenue stream that will contribute directly to Linde's underlying growth. The majority of the new contracts are separate from the company's reported project backlog.

"Throughout 2020, we continued to unlock value by leveraging Linde's comprehensive portfolio of products and technologies," said Sanjiv Lamba, Chief Operating Officer at Linde. "By offering our customers a range of solutions, not only are we helping them to increase their efficiency, but we are also helping them to reduce their carbon footprint."

In addition to signing a record number of new contracts, Linde started up 27 small on-site plants during 2020.

About Linde

Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

Contacts:
Investor Relations Juan Pelaez Phone: +1 203 837 2213 Email: juan.pelaez@linde.com	Media Relations Anna Davies Phone: +44 1483 244705 Email: anna.davies@linde.com

SOURCE: Linde plc

View source version on accesswire.com:
https://www.accesswire.com/644693/Linde-Signs-Record-Number-of-Small-On-Site-Contracts-in-2020

FAQ

What was the significance of Linde's 36 new contracts in 2020?

Linde's signing of 36 new small on-site contracts represents a 20% increase from the previous year, indicating strong business growth despite economic challenges.

Which sectors did Linde sign contracts in during 2020?

Linde signed contracts across various sectors, including pharmaceuticals, electronics, mining, solar panels, and aerospace.

How many small on-site plants did Linde start up in 2020?

Linde started up 27 small on-site plants in 2020, further contributing to its growth strategy.

What were Linde's sales figures for 2020?

Linde reported sales of $27 billion in 2020, reflecting robust market demand.

How does Linde support sustainability initiatives?

Linde supports sustainability by providing solutions that help customers increase efficiency and reduce their carbon footprint.