TPT March 2008

I ndustry N ews

Commenting on the agreement, Mr Vladimir Khristenko, MSA’s supervisory board chairman, noted: “Participation in the joint venture allows us to enter the Asian market, with MSA contributing experience, technology and a trademark known to consumers.” Part of the ChTPZ Group, MSA is an advanced and modern manufacturer of industrial valves, such as ball, gate, globe, swing check, and special valves for the nuclear power sector. Allport International Pvt Ltd specializes in the purchase, sale, marketing and servicing in such areas as oil, natural gas and petrochemistry.

Joint venture established between Linde Group and UAE oil company ADNOC

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The Linde Group has set up a joint venture with The Abu Dhabi National Oil Corporation (ADNOC), United Arab Emirates, for the production and long-term supply of industrial gases to customers in Abu Dhabi. ADNOC Linde Industrial Gases Company Ltd is established under the name ‘Elixier’ and will have ADNOC (51 per cent of the shares) and Linde (49 percent of the shares) as shareholders. “ADNOC has access to around 90 per cent of Abu Dhabi’s oil and gas reserves, which are considered to be the fourth largest oil and gas reserves in the world,” said Dr Aldo Belloni, a member of Linde’s executive board. The first phase of the new Elixier joint venture will be the construction of a US$65 million air separation plant in the industrial zone of Ruwais, Abu Dhabi. The new air separation plant will supply nitrogen from the end of 2009 to industrial customers in Ruwais and will also produce liquefied nitrogen and oxygen.

ADNOC is also the majority shareholder in the joint venture company Borouge, which produces polyethylene in Ruwais. In November 2006, when Borouge was seeking to expand its production facilities, Linde was awarded a major contract to build one of the largest ethylene crackers in the world, with a production capacity of 1,500,000 tons of ethylene per annum. The huge natural gas reserves in the UAE are being exploited by ADNOC both on and off shore. In addition to export as liquefied natural gas (LNG), they are also being used to meet local energy requirements. The Linde Group is a world-leading gases and engineering company with around 50,000 employees working in more than 70 countries worldwide.

MSA as – Czech Republic Fax : +420 553 651 236 Email : sales@msa.cz Website : www.msa.cz ChTPZ-KTS – Russia Fax : +7 495 223 5891 Email : info@chtpz-kts.ru Website : www.chtpz-kts.ru

The Linde Group – Germany Fax : +49 611 770 269 Email : info@linde.com Website : www.linde.com

Allport International Pvt Ltd – India Fax : +91 11 26181491 Website : www.allportinternational.com

WORLDWIDE

ALL AROUND THE WORLD we are at home! Worldwide we work with well known, leading cylinder manufacturers. We own and operate Europe’s best organized warehouse, with cylin- der tubes, piston tubes and piston rods and we can deliver specially manufactured items in no time at all! Nevermind in which direction – we deliver quickly and safely.

Schierle Stahlrohre KG Zentrale Neuss Tel. 02131 3665-0 · Fax 02131 3665-107 Niederlassung Leipzig Tel. 034205 735-0 · Fax 034205 735-20 www.schierle.de · infoexport@schierle.de

Stand 6A42

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M arch 2008

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