German industrial gases group Linde AG is about to receive a major order from a Russian company, two people familiar with the deal told Reuters on Monday.
The order for Linde’s engineering unit comes from a company from the republic of Tatarstan and will be signed on Friday at the St. Petersburg economic forum, the sources said.
German newspaper Sueddeutsche Zeitung reported on Monday that the deal was worth about 1 billion euros ($1.12 billion).
A Linde spokesman declined to comment.
Linde said last week that it had reached a deal in principle with peer Praxair on a Business Combination Agreement for a proposed $70 billion merger.
By Joern Poltz
Source: Reuters
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
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Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
