Linde Signs Record Small On-Site Contracts in 2021

Rhea-AI Summary

Linde (NYSE:LIN) reported a record year for small on-site contracts in 2021, signing 43 new projects, marking a 19% increase from 2020. The total value of new agreements reached $170 million, spanning 20 countries and various sectors, including energy and manufacturing. These contracts, requiring investments below $5 million, will generate a consistent revenue stream for Linde. The company also commenced 32 small on-site projects in the same year, contributing to overall growth and sustainability efforts.

Positive

• Achieved record year with 43 new small on-site contracts, a 19% increase from 2020.
• Total value of new agreements amounted to $170 million.
• New contracts will provide a steady revenue stream, enhancing financial stability.

Negative

• None.

GUILFORD, UK / ACCESSWIRE / January 27, 2022 / Linde (NYSE:LIN)(FWB:LIN) announced today it has achieved another record year for small on-site contracts, signing 43 new projects during 2021, a 19% increase compared with 2020.

Linde signed new agreements totaling $170 million in 2021, with customers across 20 countries and end-markets including energy, electronics, mining and manufacturing. The new long-term agreements meet Linde's strict investment criteria and, once operational, will produce a steady revenue stream that will contribute directly to Linde's underlying growth. As most of these new contracts will require investments under $5 million, they are separate from the company's reported project backlog.

"Linde employees around the world have used our extensive portfolio of products and technologies to deliver a second successive record year for small on-site project signings," said Sanjiv Lamba, Chief Operating Officer at Linde. "All regions contributed to this success, ultimately growing our business while helping our customers become more productive and sustainable."

In addition to signing 43 small on-site sale of gas agreements, Linde started up 32 small on-site projects during 2021.

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 & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. 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/685801/Linde-Signs-Record-Small-On-Site-Contracts-in-2021

FAQ

What were Linde's achievements in small on-site contracts for 2021?

In 2021, Linde signed 43 new small on-site contracts, a 19% increase compared to 2020.

How much revenue did Linde generate from new agreements in 2021?

Linde generated $170 million from new agreements in 2021.

Which sectors did Linde's new contracts cover in 2021?

Linde's new contracts in 2021 covered sectors including energy, electronics, mining, and manufacturing.

How many small on-site projects did Linde start in 2021?

Linde started 32 small on-site projects during 2021.

What is the significance of Linde's small on-site contracts?

These contracts are expected to produce a steady revenue stream and contribute to Linde's growth.