03.06.2013 – The Linde Group has formed a joint venture with chemical company JSC KuibyshevAzot to build and operate a large ammonia plant at the Togliatti site in Russia’s Samara region. Both partners signed an agreement to this effect on 27 May 2013. The deal will involve a total investment volume of around 275 million euro. Both companies have an equal stake in the newly formed venture, Linde Nitrogen Togliatti.
„We are proud to team up with our partner to support further expansion of the Togliatti industrial hub,“ said Professor Dr Aldo Belloni, Member of the Executive Board of Linde AG. „This project not only strengthens our presence in Samara, but also our position as the leading gases and engineering company in the fast-growing Russian market.“
The Engineering Division of The Linde Group will construct the new, state-of-the-art on-site plant. The plant will have a production capacity of 1340 t/d of ammonia. Construction work is scheduled for completion in 2016.
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