Linde Group may invest RM2b in Malaysia

BANTING: Linde Malaysia Sdn Bhd, a unit of German-based Linde Group, may invest about RM2 billion in Malaysia under the company's proposed five-year plan, said its Asia Pacific Chief Operating Officer, Sanjiv Lamba."We aspire to invest even more and might reach the RM2 billion mark, if the opportunity presents themselves as our investments are linked to the investments of our customers. As our customers put investments on the ground, we will invest to support their growth," he told reporters at the launch of the company"s plant here today.

"It (the investments) will depend on us securing customers projects in the country with the national oil and gas company, Petronas and some large chemical companies," he said.

Lamba said as the market leader in Malaysia with a 50-year presence in the country, Linde had an established track record of continued investments and of bringing the latest technology to Malaysia.

"In the past two years alone, Linde had invested over RM1 billion to further strengthen our leadership in the industrial gas industry and to support our customers in their growth plans, while delivering sustainable and profitable growth for our shareholders," he said.

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"We have solid plans for Linde Malaysia...across Malaysia we are continuing to invest in electronics supporting areas such as Kulim in the north. We are in the process of signing new contracts with a large electronics company, which is progressing with its information and communications technology growth agenda and we see that as a growth opportunity.

"We see chemicals and refining as agents of growth. We are working with Petronas and its subsidiaries, and we are also pleased that we have recently started a new plant in Gebeng for one of the largest German chemical companies in the world," said Lamba.

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