March 17 (SeeNews) - German industrial gases producer Linde AG (ETR:LIN) said Tuesday it has won a number of gas and chemical supply contracts from several photovoltaic (PV) cell makers setting up their first factories in Southeast Asia.
Under the terms of the deals, the group will help the solar firms to quickly establish a reliable supply chain outside their home countries. Apart from building greenfield factories and supplying a complete portfolio of gas and chemical products required for PV processes, Linde will also provide its know-how in terms of materials sourcing, logistics, engineering solutions along with permitting and licensing guidance, it explained.
“Being close to our customers with the right resources means that Linde already has a multi-functional team in place on day one, and can help them ramp production as quickly as possible,” noted Andreas Weisheit - head of unit Linde Electronics.
The Linde Group explained that the series of order comes as a result of an ongoing PV industry expansion, which has yielded very attractive local incentives and favorable trade terms in Southeast Asia. This, in turn, has drawn many solar cell manufacturers to take advantage by adding capacity in key growth markets, such as Thailand, Malaysia, and India among other regional locations.