Linde Malaysia may invest RM2b in 5 years

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 arises 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 said at the launch of the company’s plant, here, yesterday.

“It (the investments) will depend on us securing customers’ projects in the country with the national oil and gas company, Petroliam Nasional Bhd (Petronas), and some large chemical companies,” said Lamba.

He said as the market leader 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.

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