History of Linde PLC
Linde PLC's journey began over a century ago, rooted in the innovations of Carl von Linde, a German engineer who made significant strides in refrigeration and gas separation technologies. The company evolved through the years, expanding its expertise and global footprint, culminating in the 2018 merger of Linde AG and Praxair, Inc., to form the current Linde PLC. This merger united two of the gas industry's giants, creating a global leader in the production, processing, and distribution of industrial gases.
Linde's core business revolves around the production and supply of industrial gases, including oxygen, nitrogen, argon, hydrogen, and carbon dioxide. These gases are crucial in various industries, from healthcare, where oxygen supports life and medical technologies, to manufacturing, where gases like nitrogen and hydrogen play a key role in processes such as welding and refining. Linde's success hinges on its ability to innovate and efficiently deliver these essential gases to a broad range of industries worldwide.
Beyond its primary focus on industrial gases, Linde engages in several complementary businesses. One significant area is the engineering division, which designs and constructs large-scale gas production and processing plants. Linde also offers gas management services, helping customers optimize their gas usage and manage supplies more effectively. Through its diverse portfolio, Linde extends its market reach and solidifies its position as an indispensable partner across industries.
Current Market Status
As of the last update, Linde plc (NASDAQ:LIN) remains a dominant player in the global industrial gases market. The company has shown resilience and growth, capitalizing on the rising demand for medical gases amidst global challenges and continuing to innovate in the green energy and technology spaces. With a strategic focus on expanding its global presence and investing in future-oriented technologies, Linde is well-positioned to maintain its leadership in the industry.