Linde (LIN) Achieves Record Year for Small On-Site Contracts in 2021

Linde (NYSE: LIN) announced today it has achieved another record year for small on-site contracts, signing 43 new projects during 2021, a 19% increase compared with 2020.

Linde signed new agreements totaling $170 million in 2021, with customers across 20 countries and end-markets including energy, electronics, mining and manufacturing. The new long-term agreements meet Linde's strict investment criteria and, once operational, will produce a steady revenue stream that will contribute directly to Linde's underlying growth. As most of these new contracts will require investments under $5 million, they are separate from the company's reported project backlog.

"Linde employees around the world have used our extensive portfolio of products and technologies to deliver a second successive record year for small on-site project signings," said Sanjiv Lamba, Chief Operating Officer at Linde. "All regions contributed to this success, ultimately growing our business while helping our customers become more productive and sustainable."

In addition to signing 43 small on-site sale of gas agreements, Linde started up 32 small on-site projects during 2021.

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