EQS-News: Linde to Increase Capacity of Samsung Display On-Site Facility in South Korea

Linde to Increase Capacity of Samsung Display On-Site Facility in South Korea

Woking, UK, April 19, 2023 Linde (NYSE:LIN) announced today that it will expand the capacity of its on-site facility in Tangjeong, South Korea, to increase its supply of high-purity industrial gases to Samsung Display.

The increased capacity supports Samsung Displays planned multi-billion-dollar investment to convert its existing LCD production line to OLED, in response to global market demand. OLEDs are used in a variety of products including smartphones, virtual reality headsets and laptops.

Linde will build, own and operate a state-of-the-art SPECTRA plant to produce more than 2,000 tons per day of high-purity nitrogen. The nitrogen will be used for cooling and purging applications in Samsung Displays manufacturing process.

The new plant will expand Lindes existing complex at Tangjeong, which already supplies industrial gases to Samsung Display and currently comprises four air separation units, plus associated pipeline network and infrastructure. In addition to supplying Samsung Display, the plant will supply the local merchant market, plus crude rare gases to Lindes new purification facility in nearby Hyungok. Lindes investment is expected to be approximately $100 million, and the new plant is planned to start up towards the end of 2024.

We have safely and reliably supplied nitrogen, oxygen, argon, helium and other gases to Samsung Display for 20 years and are proud to have been chosen to support this important new investment, said B.S. Sung, General Manager South Korea, Linde. In addition to supplying a major electronics customer, our new capacity in Tangjeong will further increase Lindes network density in the region, enhancing our ability to meet demand for industrial gases from the growing electronics market in South Korea.

About Linde

Linde is a leading global industrial gases and engineering company with 2022 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com