Linde Malaysian subsidiary eyes over double-digit growth rate in next five years. According to fresh news in Media, Linde Group plans to invest about RM625 million over next 5 years in Malaysia to improve its market strength & potential reach. It includes complete amplification from industrial gases supply market to newly emerging markets of Clean energy, Solar Panels & Photovoltaic technology. Now Linde’s fundamental strategy is to expand the existing market with new investments. Linde Group Malaysian subsidiary MOX Linde has officially got new brand makeover of Linde Group globally.
Linde’ Executive Board Member Said While Addressing Media……
A member of Linde AG’s executive board, Sanjiv Lamba, said: “We see more opportunities as the Malaysian economy grows. A lot of new industries have been identified under the government’s Economic Transformation Program. This will provide more opportunities for us to supply gas to new industries.” Mr. Lamba statement came just after his recent visit to AIIGMA Dubai conference, where he thrown a challenge to entire fraternity to accept future hurdle with magical growth rate. Earlier Mr. Sanjiv Lamba was attending AIIGMA 34th Industrial Gases Seminar at Dubai, where he also presented technical paper on “Evolving Global Gases Industry, Journey to the East”. As per Linde’s 2010 annual sales report, South East Asia Market accounted for about 750-800 million Euros economy. While addressing to media more on MOX-Linde’s rebranding eve, he mentioned about investment in Malaysia that will be in-line with the country’s economic growth. “We will continue to invest in this important market and extend our capabilities and network in both Peninsular and East Malaysia.” (Courtesy: News Agencies)
Linde Malaysia has quite strong presence over entire region with over 50 years MOX (Malaysia Oxygen Berhad) wonderful experiences in the Industrial Gases segment. Linde’s subsidiary MOX operates nearly 60 plants & more than 20 sales centers across 33 locations in the region. In March last year, Linde Malaysia opened a RM200 million air separation plant in Pasir Gudang, Johor whereas in later August it took complete possession of 49 per cent of Eastern Oxygen Industries Sdn Bhd.
Officially the event was organized by International Trade and Industry Minister Datuk Seri Mustapa Mohamed. Linde’ Malaysia’s chairman Tan Sri Dr Ahmad Tajuddin Ali and managing director Wong Siew Yap were also present at this occasion. On the rebranding concept Wong mentioned it as a part of global program to position the companies within the Linde Group under umbrella of Linde’ global brand.