Linde Group may invest RM2bil in Malaysia

FILE PHOTO: Linde Group logo is seen at company's plant in Munich-Pullach, Germany, August 16, 2016. REUTERS/Michaela Rehle/File Photo

BANTING: Linde Malaysia Sdn Bhd, a unit of the Germany-based Linde Group, may invest about RM2bil in Malaysia within five years and is part of the company’s proposed five-year plan, said Asia-Pacific chief operating officer Sanjiv Lamba.

“It (the investments), however, depends on securing projects with Petroliam Nasional Bhd (Petronas) and some large chemical companies,” he told reporters at the Linde Malaysia Banting plant launch on Tuesday.

Linde Malaysia’s Banting plant is the Linde Group’s first modular automated industrial gases cylinder filling plant in South Asia and Asean.

In a statement, the group said the facility, built at a cost of RM54mil, incorporated the latest in cylinder filling technology and innovation, industry-leading safety features and environment-friendly best practices.

With a maximum filling capacity of over two million cylinders per year, the investment supported the growing demand for industrial gases across all key growth industries, reaffirming Linde’s confidence as a long-term investor in Malaysia, it said. - Bernama