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
OMV AG and the European Climate, Infrastructure and Environment Executive Agency (CINEA) have signed a grant agreement for OMV’s planned industrial ReOil plant, securing up to €81.6 million funding. This marks the first time that OMV receives a grant from the EU Innovation Fund.
Vopak has previously committed investment of up to €1 billion in the sector to achieve its growth ambitions by the end of this decade, but it announced in a capital markets event for investors on March 13 that it will double its planned spending in industrial and gas terminals.
As many know, we are building our first plastic film recycling facility in Connersville, Indiana. We expect our first line to be operational in the coming weeks. Want to know why I think mechanical recycling is the best technology for polyethylene film? Here are five reasons mechanical recycling is a great choice.
