Linde Bangladesh Limited (LBL), a subsidiary of The Linde Group’s Gases Division, will invest € 14.6 million, equivalent to Tk 120 crore, in the country to build an air separation unit (ASU) at Rupganj in Narayanganj for producing approximately 100 tons liquefied gases per day.
Addressing a press conference in the city on Thursday, Moloy Banerjee, country cluster head of Linde Gases` South Asian business, came up with the disclosure for setting up the country’s largest liquid producing ASU in Bangladesh.
He said the Rupganj plant will more than double Linde Bangladesh’s current production capacity, strengthening Linde’s position as the leading gases player in Bangladesh.
A state-of-the-art cylinder filling site at Rupganj will also be built to provide a range of cylinder products to customers across all market segments.
“We are excited to be part of the Bangladesh growth story, just as we always have through the decades. Bangladesh is an important part of our overall South Asian business and we see a strong potential in the market. This investment is an investment in the future, and it will create further opportunities for our gases offerings in Bangladesh and the South Asian region,” said Banerjee.
Terming the new project as a testimony to Linde`s intention for long-term growth and development in the region, he said the new ASU will come into production by 2017.
He said the new unit will play vital role in enhancing liquefied gases supply and related solutions to Bangladesh`s growing healthcare, food and beverage, fabrication, pharmaceutical, shipbuilding and ship recycling industries.
Linde Bangladesh now operates three production units in Tejgaon, Shitalpur and Rupganj.
Officials said Linde Bangladesh, having about 20 sales centers throughout the country, serves over 35,000 customers from a wide array of industries - from hospitals to fabrication and from steel to food packaging and beverages.
Erphan Shihabul Matin, Managing Director of Linde Bangladesh Limited, said: “Today marks an important milestone for us. With the new ASU and cylinder filling facility in Rupganj, we are committed to provide our customers high-quality gases solutions and reliable delivery that contribute value to their processes and business goals.”
The new ASU will be built leveraging The Linde Group’s engineering technical and design expertise. Linde’s world-leading technology in air separation design offers high energy efficiency and operational reliability, he said.
Linde Bangladesh is committed in setting new benchmarks and standards – in the quality of its products and services, and the health, safety and the environment for its employees, customers and stakeholders.